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The Integration of Business Intelligence and Cloud Technology

Cloud Technology – What’s the Hype All About?

Cloud technology is continuing to disrupt the digital age, as it is rapidly growing and is being interconnected with the world of data and analytics. Adoption of cloud computing platforms is a feature of both startups and large enterprises. It is important to recognize that advancements are being made at a very fast pace, faster than we can keep up with. This is true of emerging cloud technologies as well. For starters, we must try and understand what this phenomenon means and how its incorporation into everyday business can help us stay one step ahead of the curve. By implementing cloud technology, companies are beginning to reap the benefits of reduced costs and minimized risk, thus allowing themselves to reach their highest level of operational efficiency.

Data integration and cloud computing can be intimidating for those who are just starting to embrace it, but if you want your business to run more effectively, that shouldn’t steer you away. If we take a look into some of the trends in cloud technology, you will find that the simplification of data integration that allows users to easily drop data into the cloud is on the way. Even fluent professionals in cloud technology can take advantage of an increasingly easier data entry process.

Why Incorporating BI Is a Must in Cloud Computing?

Business Intelligence (BI) software platforms are already transforming and simplifying the data entry and analysis process. BI software is becoming increasingly useful for a variety of industries and markets. BI tools are able to identify and highlight inefficiencies within an organization, allowing the data to be quickly organized and analyzed, prompting business leaders to make better decisions on operational matters. All in all, it assists management across sectors to make consistent and timely business decisions. It also helps minimize data entry errors and allows for companies to be more efficient without having to hire additional staff to manually enter and analyze data.

The data pulled and organized by BI helps shape business operations in a very fundamental manner. It also plays a key role in improving customer service efforts and monitoring employee performance. By incorporating BI into your cloud computing software, business managers can enjoy quicker access to more information with the highest level of accuracy. BI will continue to be a resource that organizations can lean on to help highlight inefficiencies and provide insights into weaknesses that can be improved upon.

Simplifying with Visual Learning

Another benefit that potential BI users should be aware of is the inclusion of detailed visuals into the platform. It sounds simple, yet it is a key component in being able to understand and interpret the data that is presented. In just a few clicks, users have the ability to create custom reports that cater to specific problems and core competencies. Users can hand-pick the data that they deem most important, and organize an individual strategy around the findings for effective solutions. All this without the headache of long spreadsheets and overwhelming amounts of information being presented at one go. The customizable reports highlight areas that need improvement, which in turn helps business managers reach more sound conclusions.

Where to Start – The Implementation of BI

So, now that we have a solid understanding of the role of BI within cloud computing technologies, the question arises – where do we start? The purpose of reports, dashboards and real-time notifications are to enable leaders in your organization to make better decisions on behalf of the company. However, it is important not to dive into BI technology without at least an initial idea of where your company stands from an operational level and where you would like for it to be. There needs to be a plan of action before analyzing all of the data so that you have a better understanding of what insights you can hope to gain and how these results can be leveraged into actionable next steps.

Technology is without a doubt rather exciting and is continuing to make an impact on how businesses make decisions moving forward. It is  no secret that business leaders want to stay on top of emerging trends, but management shouldn’t leverage BI solely because it is becoming the “in” thing to do. Rather, organizations should lean towards BI because they have real, tangible needs and desires for improvement. With a mixture of cloud technology and business intelligence, your company can continue to increase its levels of efficiency in ways that you have never seen before.

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  1. The integration of Business Intelligence and Cloud Computing is a necessity in this age of developments.Both BI and Cloud go hand in hand for the growth of any company.Business Intelligence involves prediction of future outcomes using data which has been created in the past,this helps in strategy building of any company.Whereas Cloud computing involves storage of data in a cheap,secure and easy way.With both these technologies integrating together makes a company’s decision making process faster and also pushes the need for development at a larger rate.Business Intelligence can be employed in a much better way with the help of Cloud Computing as the developments in analytics which have taken place can be employed very well,such as In-memory Big Data.In this technology the Data can be accessed anywhere and the software required for processing can be integrated on the cloud system,this enables faster processing of data with meaningful outputs and also easy accessibility across anywhere.If technology is being used which can be future ready,developments can also be integrated when the future is getting ready.

  2. Low cost and security prove to be two sufficient reasons for companies to shift to cloud. Plus there are many more added advantages and data can be easily accessed by any remote place on any device. This is the reason why many companies are shifting to cloud. Also companies save a lot of time and resources as they don’t have to worry about security and updates which is being provided by the cloud service providers at a top notch level. This lets the companies focus on more important aspects of businesses like building new strategies and ways to expedite their business growth. Smaller companies and startups benefit the most from cloud.
    The rate at which cloud computing is being adopted by businesses is remarkable and the future looks quite promising. Gartner predicts that by 2020 a corporate ‘no-cloud’ policy will be a thing of the past and hybrid (on premise and off premise) cloud will be the future, also adoption of cloud can hit $250 billion by 2017. Docker containers combined cloud computing will also experience a good growth. It allows the users to build, ship or run and application anywhere anytime and helps in developing a more accessible environment for the corporate growth. With integration of BI in cloud important business metrics can be accessible to the corporates at their fingertips and they can take more consistent and timely decisions.

  3. While some of the advantages are obvious, such as combining business intelligence with the applications of cloud technology, some of the advantages are a little surprising. The ability to access any information on the cloud application from a mobile device or web browser is one of the top advantages. This means if you are on a business trip to Japan and forgot your work laptop, you can still access any information you will need for your business.

    Scalability and elasticity are also huge advantages. If you are running a startup company, it’s smart to plan ahead for later expansions. Unlike some networks, a cloud network is easy to accommodate when bringing on more employees or clients. No matter which system you choose, it is incredibly easy to add more users without having to hire a technical specialist to add additional hardware inside a server room get the job done.

    The biggest advantage may be how easy it is to use and update. First time users don’t have to go through extensive training to get the most out of whatever application they choose. Whenever there is a new update or another application is added, it doesn’t take an on-site IT guy to get it done. Installation is always easy and never requires extra desktop software.

  4. Business intelligence is a solution, or a tool, that is invaluable when it comes to critical decisions, and even everyday decisions. Most businesses use some types of business intelligence, but what if you could use more.
    with the integration of cloud technologies small scale startup which till now doesn’t have physical resources available to handle and manage data will come into play and would be able to employ the data driven business solutions.

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