Cloud-based spreadsheets offer businesses a number of advantages over traditional spreadsheet tools. With cloud technology, users can access their data from anywhere with an internet connection. This makes it easier to collaborate on projects, as multiple users can simultaneously access the same document for editing or viewing. Cloud spreadsheets also allow for automatic backups and version control, so changes are tracked over time. Additionally, since the data is stored in the cloud, it can be accessed securely and quickly when needed. Lastly, the cloud allows for scalability and flexibility - businesses can add or remove data as needed without having to install additional software or hardware.