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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.