What is cloud analytics?
Cloud analytics is the use of remote public or private computing resources—known as the cloud—to analyze data on demand. Cloud computing analytics helps streamline the business intelligence process of gathering, integrating, analyzing, and presenting insights to enhance business decision making.
How cloud analytics works
Cloud analytics works by allowing a business to use the advanced data analytics tools available on cloud analytics platforms to analyze vast quantities of data. Businesses can then report and store those findings for repeat use. Cloud analytics offerings are typically offered as a subscription or pay on a volume of data or query basis. Cloud analytics has proven to be a faster way to gain business-critical insight for decision making.
Advantages of cloud analytics
Advantages of cloud analytics include helping businesses more efficiently process and report data findings, enhance collaboration, and provide decision-makers faster access to business intelligence.
Scalability & agility
Scalability, in volume of users and data, is one of the advantages of cloud analytics. Another is the increased agility to ask new questions on demand. Cloud computing can enable the abilities to add data storage and data analysis capacity as needed. In this way, businesses can most efficiently scale the storing, processing, and leveraging of data through insights that reflect changing market conditions.
Unified approach to data
Cloud analytics can provide a unified approach to data, allowing fast access to necessary business data by your organization’s decision-makers. That includes access to different types of data, as well as data from different sources. You can rapidly explore, test, and evaluate data to find strategic insights that advance the enterprise.
Breaks down silos
When a business takes advantage of cloud analytics, it can effectively achieve cross-organizational integration of data. Leveraging data from different parts of your organization through a cloud analytics solution can deliver daily insights. These insights can be a competitive advantage that propels your business forward. Data stored and analyzed in the cloud also makes it easier for employees of all types to quickly access data and share insights, supporting effective communication, collaboration, and decision making.
Find answers and draw insights quicker
A cloud analytics platform allows businesses to better integrate—and analyze—data quickly to identify intelligent insights for actionable decisions at the moment of relevance.
Encourage more collaboration
When businesses use a cloud analytics platform, they gain a central place to access data and connect to shared information whenever necessary or proactively delivered. This shared connection and fast access to data enhance collaboration throughout the enterprise.
Increase data security and governance
A cloud-based analytics platform can provide a single and secure access point to data. Also, a cloud analytics platform improves data governance by giving you more granular access controls for who has access to what data and audit capabilities to understand who accessed what data.