What Is Cloud Data Analytics?

Businesses today generate huge volumes of data from their day-to-day operations. These huge data sets come from a variety of sources, including websites, social media, IoT devices, and social media. Managing them with on-premise solutions can lead to skewed data analysis and inaccurate results. Cloud analytics tools and software solutions can be a great option for churning comprehensive and effective insights when making operational decisions. This guide delves into cloud analytics, how these technologies work, and how they can benefit companies of all sizes.

What Is Cloud Data Analytics?

The cloud platform is one of the essential innovations in today’s digital world. For example, many cutting-edge solutions in the tech space, like machine learning, leverage cloud computing for their operations. Cloud computing apps have gained ground among many modern businesses, and about 83 percent of the company workload was facilitated via the cloud last year, contributing to the $130 billion public cloud market. These apps produce and store data via the cloud rather than local data centers, as is the case in on-premise systems. That’s where cloud analytics comes in handy.

Cloud data analytics helps data professionals to manipulate and analyze cloud data, empowering users to identify trends and areas for further improvement across an organization. The cloud makes it easier for users to extract actionable business insights from raw data in record less time. Cloud analytics is the direct opposite of on-premise solutions, working through a computerized software system hosted on a public or private cloud network.

Benefits of Cloud Data Analytics

img

Businesses can enjoy significant benefits from cloud analytics based on their unique data and business needs. For this reason, cloud data analytics benefits may vary from one company to the next. However, some general use-case benefits are described below.

Cost-Efficiency

On-premise platforms thrive on capital-intensive hardware and middleware for operational efficiency. Businesses using premise solutions may need more funds to maintain data centers and finance expert IT teams. Cloud analytics platforms save you from the cost and hassle. Most platforms favor software-as-a-service (SaaS) application models, which means you only pay for periodic subscriptions. This makes cloud analytics a better bargain, especially for smaller businesses seeking to scale. They can field efficient services and gain numerous competitive advantage perks while keeping costs at the barest minimum.

Collaboration

Generally, the cloud makes collaboration a seamless experience. SaaS application-based analytics platforms can host multiple team members remotely from anywhere in the world. These team members can work simultaneously via the cloud, adding progress to each other’s work without friction.

Security

On-premise data management and analytics solutions afford companies greater control over data privacy and security. But a huge part of this relies on what you do right and don’t do at all. For instance, if you fail to update your server for a period, you may increase the risk of data loss and security breaches.

In contrast, cloud analytics platforms favor automation. Security updates and extensive cloud framework monitoring happen automatically via the cloud, and the best part is that these security updates don’t require any downtime to take effect, unlike on-premise solutions. The cloud also maintains a streamline, allowing you to easily detect actionable threat patterns by adding entity context and analyzing end-to-end activities.

Flexibility

Data analytics has increasingly become vital for businesses across all industries, but trends and customer behaviors change rapidly in today’s world. Therefore, agility and scalability have become essential data analytics metrics now more than ever. Cloud analytics offers businesses the flexibility to tailor limitless data to different scale scenarios. That way, you can scale up and down as your business evolves with the times.

All in all, cloud analytics is here to stay, especially for smaller and nontechnical business users. These insights can help inform your decision to prioritize data analytics for your business.

Leave a Comment