05 Feb, 2018
Investment in cloud computing is projected to rise from $67 billion in 2015 to $162 billion in 2020. The likes of Google, Amazon and Salesforce have pioneered this new age of information processing, and at less than two decades old we’re only now beginning to scratch the surface of its potential.
One field that appears to be showing more cloud potential than most is Business Intelligence (BI). It’s a field that continues to outpace the growth of the overall cloud market, and for good reason; in many ways, BI and the cloud are a match made in heaven.
But would this match be in the best interests of your organisation? Let’s take a look at some of the hows, the whats and the whys of cloud BI.
BI, as defined by Gartner, is ‘an umbrella term that includes the applications, infrastructure, tools and best practices that enable access to and analysis of information to improve and optimize decisions and performance.’ Broadly speaking, it’s the smart use of data to grow and develop your business.
Almost every aspect of good BI practice is transferable to the cloud. Sourcing your data, running ETL processes, storing your data warehouse, producing reports; all of these actions are able to be completed with cloud services. The depth of data that most BI systems store and generate actually makes the cloud quite an elegant solution; one that is scalable, flexible, and accessible.
But just because the cloud can be used for your organization’s BI activities, should it be used?
Why should I move my BI to the cloud?
There are a host of benefits that come from moving your Business Intelligence to the cloud. These include:
So, does the cloud represent the right choice for your organisation’s BI activities? To answer that question you’ll first have to answer a few others. An organisation should ask themselves the following questions before committing to the cloud for its BI, or indeed before disregarding it.
Answering these questions will allow you to paint a far more complete picture of how compatible a cloud-based BI solution will be with your business. It’s also worth discussing a couple of potential drawbacks of BI in the cloud, which, while relatively minor, must be considered before making your final decision.
But with 74% of Tech CFOs saying cloud computing will have the most measurable impact on their business in 2017, it’s fair to say that for most companies the cloud represents a fantastic choice. It has an unrivalled ability to adapt to your business’s needs, while remaining extremely cost-effective.
And it seems the marriage of BI and cloud computing will only become more efficient and effective into the future.