Cloud analytics, which is also known as SaaS or Software as a Service-based Business Intelligence (BI), is a service model in which data analytics and related services are offered in collaboration with a cloud services provider. Its products and services, such as software-as-a-service business intelligence, cloud-based social media analytics, and hosted data warehouses, help in improving IT infrastructure, allowing organizations to come up with new ways to do business and gain a competitive advantage over their competitors on the market. There are even more ways in which cloud analytics can help IT business to grow.
Advantages of cloud analytics for IT –
1. Improves Business Operations
Cloud analytics help in improving business operations, as its tools help decision makers or businesspersons identify bottlenecks and other issues impacting the process. It also helps them to map where extra expenditure occurs in an enterprise and pinpoint potential avenues to save. It processes and correlates any amount of data to provide businesspersons with new insights on potential risks and advantages that characterise their businesses.
2. Saves you on Costs
On-premise analytics platforms require infrastructure, IT staff, maintenance, and periodic upgrades. Besides interrupting the continuity of your business operations, all the elements require large amounts of money. In cloud-based data management platforms, however, applications are always current, without having to bear up-gradation issues, IT intervention, large investment costs, and downtimes.
3. Provides Security and Storage
The collection and access to large volumes of information require a lot of space. Cloud technology, however, removes any worry about servers running out of storage space, as you can always buy more from your service provider whenever you reach your storage limit. Cloud applications store data on central, off-site storage locations, which ensures data safety from fire, theft, natural disasters, viruses, and malware. Excellent security measures by cloud service providers also ensure the security of data.
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4. Offers Mobility and Flexibility
The accessibility of cloud technologies from remote locations helps businesses to shrink the size of their facilities and improve productivity. Anyone with project rights can access cloud-based software from web browsers and mobile applications on their smartphones, tablets, and computers. When compared to the corporate environment, flexible work arrangements enable employees to yield more and enjoy greater levels of job satisfaction.
5. Supports Customer Interaction
Cloud technology has changed the way you interact with customers and vice versa. Customers can now reach you anytime, with the help of applications and websites. You can also collect or share data with your customers through the same platforms. Cloud-based systems also allow customers to do their business at their convenience and you can enjoy the same level of flexibility by providing information to customers without the need for in-house servers or bandwidth.
Big data is a strategic asset and most organizations know the benefits it can bring them. Leveraging cloud technologies allows organizations to collect and blend huge volumes of data across all domains and formats to create a complete view of the business. To reap the benefits of cloud-based data analytics implementation, it is imperative for organizations to consult an accredited and reputable cloud services provider such as i2k2 Networks. We are a trusted dedicated web hosting company that provides cloud services to many organizations.
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