Cloud computing provides the ability to store and manage complicated data sets, as well as extract valuable insights that can help companies to make better decisions. When used in conjunction with enterprise-level data analytics and visualization technologies such as Business Intelligence, it becomes the ideal data analytics tool for gaining a competitive advantage in the new normal. In this guide, we’ll look at how cloud computing positive impact on business intelligence.

Understand the Basic of Cloud Computing

Cloud services are data storage servers that are hosted on the internet. These services are deployed in a variety of ways, including a public cloud hosted by a service provider, a private cloud developed for a specific organization, and a hybrid cloud, that is the combination of private and public cloud capabilities.

What Does Cloud Business Intelligence Mean?

Cloud Business Intelligence is the implementation of BI tools over Cloud Infrastructure, which can then be accessed over virtual networks such as the Internet. They are used to give business intelligence data to companies in the form of dashboards, KPIs, and other sorts of Business Analytics.

A Cloud service differs from traditional web hosting in three ways: it is sold on demand, it is elastic, and it is completely managed by the provider. As a result of developments in virtualization and distributed computing, as well as increased access to high-speed internet, users’ interest in Cloud Computing has expanded.

How Does Cloud Computing Impact On Business Intelligence?

Cloud computing serves as a data warehouse for both structured and unstructured data, making it a perfect platform for delivering business intelligence applications based on data collected from a variety of devices at all times and in all places.

Capabilities for collaboration: In the new normal, having a real-time business intelligence solution that can process a large quantity of data in the shortest period to provide result-driven business insights is one of the most important criteria for cloud analytics.

• The visualization: An ideal cloud BI shows simple visual reports that can be understood and analyzed by the appropriate personnel.
•  Analytical techniques: To keep ahead of the competition, cloud BI must have the most up-to-date data analytics features that allow for faster data mining and accurate business forecasts.
• Data management built-in: Cloud BI systems can swiftly gather data from a variety of sources, process it efficiently and accurately while taking into account its complexities, and present the most accurate findings in a comprehensive style.
• Reduction in Actual cloud Cost: Most cloud services are working on the concept of pay-per-use. This is how businesses can save huge amount of their money because they only acquire the resources whenever they are in use. With the help of advanced cloud computing, the cost of labor and maintenance has also decrease.
• Excellent Scalability: For any business, this is the most tremendous advantage of having cloud computing technology. They can easily adjust the scale of resources as per their need and requirement. With this feature many companies need not be worry about to fulfill the high demand of resourced as they easily scale up and get access to the additional services at any time.
• Great Flexibility in Business: How great it is when you get more flexibility in your business too. Cloud computing offers various options to set the requirements and they are completely free to decide which services they want to access by using a pay-per-use facility. Clients can freely upgrade their cloud services from public, private, and hybrid based on your requirement.
• Disaster Recovery: Running a great business is not an easy task. Anything can happen at any time without your expectation. With cloud computing services such business owners need not to worry about having complex disaster recovery plans. However, Cloud computing offers services that can take care of many disasters and technical issues to remove ASAP.
• Huge Storage Option: On the cloud, users can store a lot more data than their local storage devices. Companies can request for an increase in their storage capacity and use the services as their business expands.

Cloud computing has become a business requirement rather than an option because of its scalability, cost-effectiveness, and high service availability. So, if you want to reap the cloud benefits with your BI solution, your first step should be to choose a trustworthy vendor who can assist you in developing your BI implementation plan and guiding you to project success.