• Post category:ONPASSIVE
Businesses today store and generate massive amounts of data from which they can derive actionable insights for faster and better decision-making using business intelligence (BI). Because of the variety and complexity of this data, efficient and cost-effective data analytics are required. Cloud data warehouses and cloud BI technologies are becoming more popular to address these issues.

Businesses today store and generate massive amounts of data from which they can derive actionable insights for faster and better decision-making using business intelligence (BI). Because of the variety and complexity of this data, efficient and cost-effective data analytics are required. Cloud data warehouses and cloud BI technologies are becoming more popular to address these issues.

While the Cloud isn’t perfect for everything, it is certainly applicable to everyone somehow. While there are many definitions of Cloud, it is about efficiency, economy, scalability, elasticity, and doing things faster and better.

Role Of Cloud-Based Business Intelligence 

Business Intelligence helps provide insights into your company’s past, present, and future. This is accomplished by employing various technologies, methodologies, and practices, ranging from analytics and reporting to data mining and predictive analytics. Business intelligence allows your company to design its business strategy based on factual data by providing an accurate picture of the business at a specific point in time.

The “democratization” of the cloud allows enterprises that have employed business intelligence using it on applications and on a restricted scale to reach a whole new level by combining storage, networking, and tools that can sift through massive data.

Cloud-based Business Intelligence uses technology to transform data into actionable insights, which can be done partially or entirely in the cloud.

Companies can use cloud BI solutions to:

  • Remove all hardware-related BI expenses.
  • Deploy a BI solution quickly, cost-effectively, and scale it up and down in storage and compute resources.
  • Data can be accessed via any web browser or mobile device.
  • Ascertain the high availability and fault tolerance of the BI solution.
  • Securely share actionable insights with colleagues.

A Guide To Moving Business Intelligence To The Cloud 

Business intelligence (BI) infrastructures are frequently overly complex, resulting in high costs and inflexibility. One solution is to utilize cloud computing services to enhance legacy BI systems and applications with cost-effective increased scalability and flexibility.

However, strict privacy, security, availability requirements, and interdependencies with other systems often obstruct BI system migration to cloud environments.

The Advantages Of Cloud-Based Business Intelligence

The following are a few top reasons that businesses should consider cloud-based BI solution:

  • Agility/Time To Value

The benefits of increased agility and time to value are the most compelling reasons to migrate to a cloud architecture. In an on-premises environment, businesses must conduct comprehensive solution sizing projects, go through lengthy procurement cycles to purchase expensive hardware, sign Enterprise Agreements to purchase software licensing, and then pay someone to put everything together correctly.

If that weren’t enough, you’d have to upgrade and migrate your solution every three years to keep up with new technologies.

  • Lower Total Cost Of Ownership

It’s challenging to compare cloud and on-premises pricing models. The cost of using the cloud is very different. When calculating the total cost of ownership for an on-premises solution, consider licensing, hardware, real estate, electricity, support, security, deployment cost, and depreciation.

Typically, you pay an hourly rate for a predetermined level of performance. Performance levels can be flexed based on usage patterns and can even be paused depending on the tool. Each firm’s equation will be different, but the cloud will almost always come out on top by a small but significant margin.

  • Continuous Feedback And Innovations

Microsoft is now in the midst of a product development cycle in which all new product features are pushed to the cloud before being deployed on-premises. On-premises software refreshes are typically done every two years. Every month, new features and capabilities are pushed out to cloud-based products.

Customers can also vote and provide feedback via sites like the Azure Feedback Forums, influencing the product teams’ priorities. This may not appear to be necessary, but it is. The monthly fixes, innovations, and new capabilities add real business value and enable your teams to create impact and cost-effective solutions.

Every company’s data security is becoming more of a priority, especially among C-suite executives. As a result, cloud providers go to great lengths to stay updated on industry standards and compliance certifications.

A data breach can be disastrous for a business, so the cloud must provide excellent security to avoid becoming a liability in the event of a violation. Because there is only one point of access, single-tenant cloud users gain an extra layer of security. There’s also no chance that their information will be combined with that of another company or accessed by unauthorized and potentially malicious users.

  • Flexibility

Having the right tool for the job is critical for success in almost every industry and trade. The Cortana intelligence Suite is a collection of tightly integrated tools that provide unique capabilities for various jobs/requirements your company may face.

Each tool can be quickly deployed and integrated, allowing your team to use the right BI tools for the job without having to set up their on-premises solutions.

  • Low Prices

Cloud computing eliminates capital costs for infrastructure, such as servers and storage, which can be a significant investment for businesses. Problems associated with out-of-date hardware, faulty equipment, general maintenance, and constant software upgrades are largely eliminated without physical storage. Furthermore, because of the cloud’s inherent flexibility, businesses can only pay for storage and features that are constantly used.

Cloud-based business analytics combines two of the most effective business tools into one package. When companies need to collect data from various devices and sources at any time and at any location, cloud computing serves as a data warehouse and an ideal platform for delivering business intelligence applications.

Conclusion 

Cloud computing is an excellent complement to corporate information solutions because of its scalability and flexibility. Cloud computing serves as a repository for both structured and unstructured data, making it an ideal platform for delivering data to Business Intelligence applications from various devices at any time and from any location. Because of its scale and versatility, the cloud is ideal for Business Intelligence projects.



Share this post with friends:
 



Listen with us ...

Madonna - La Isla Bonita


Recent Posts:

Get Started With Marketing Your Mobile App Using These Guidelines

There are 6.3 billion smartphone users across the globe today. Thus, the escalating growth taking place in the mobile industry is not surprising anymore. If you already have developed a fully functional mobile app, then now is the next big thing you have to work towards: marketing! It doesn’t matter how efficient your mobile app […] Read more...

Effective Enterprise Data Management Strategy for Organizations

Data is the currency that drives organizations worldwide! Yet, without any holistic data management strategy, organizations can’t open up the full potential of their data ecosystems. While forward-thinking business pioneers are hoping to acquire an upper hand from their Information, reports recommend that many don’t have exact customer and prospect data. Enterprises today battle to […] Read more...

What Are The Positive & Negative Impacts of Technology On Modern Businesses?

The advancement of technology has been phenomenal in the last few years. As a result, understanding technology’s positive and bad effects is critical. The practical application of knowledge to execute a task is what technology is defined as. Before we consider the long-term consequences of technology, both positive and negative, we must first comprehend why […] Read more...

Most Popular Social Messaging Apps That Boost Your Business Communication

The development and utilization of social messaging apps have enabled businesses to engage more with their customers. The messaging apps have gained immense popularity over the past few years as billions of people have access to them and utilize them to stay in touch with others. The increasing adoption of these apps has resulted in […] Read more...

Strategies That Help Succeed in B2B Digital Marketing

For a business that has not yet ventured into the world of online marketing, the idea of digital marketing might seem like one more hoop to get through. Well, that is not true. Digital marketing strategies have evolved and changed since their inception. In fact, they can be directly attributed to the evolution of the […] Read more...

Top Reasons Why Brands Need To Use Programmatic Advertising

Programmatic advertising refers to the process of utilizing technology to buy and sell digital ads. In other words, it uses an automated process to purchase digital ad inventory across the web, mobile, apps, video, and social media within the advertiser-defined parameters. Programmatic advertising utilizes workflow automation and ML algorithms to deliver the most effective ads […] Read more...

Top HR Trends Of 2021: The Future Of Human Resource Management

The digital transformation and rapid shift in workforce demographics are leading to evolution of powerful technologies such as Artificial Intelligence. Continuous advancements of the latest technologies are bringing rapid changes in HR trends. The current pandemic situation has redefined the way businesses are conducted and operated and impacted businesses in many ways. It has changed […] Read more...

Check out the video below to make a 100% decision and make your dream come true.

video

ONPASSIVE – business, products, money

You can register HERE !