Business intelligence technologies have been around for decades. Over the past few years however, cloud-based solutions have been gaining popularity over more traditional applications. This isn’t happening out of the blue. Here are some compelling reasons organizations should aim to see the true value of cloud BI.
Ease of Deployment and Scalability
There are unique benefits to all kinds of business intelligence technologies. When it comes to the value of cloud BI, however, ease of deployment and scalability are certainly right at the top of the list.
Enterprises don’t want to have to wait forever to get their business intelligence technologies up and running. But this was just how things needed to operate in the past, when on-premise BI was really the only way of doing things.
With cloud BI, deployment and scalability require far less work and preparation. This is due to the fact cloud BI technologies don’t require the organization to invest directly in their own servers and on-site hardware. These elements are taken care of by the provider, meaning the organization just has to determine what level of services they need, and pay for those as they become necessary. Having this kind of flexibility is great for enterprises experiencing rapid growth, or those that are more cyclical in nature and only require full capabilities at certain times.
Ability to Pull Data from More Sources
Cloud BI technologies are by definition more versatile than on-premise BI when it comes to actually pulling data for analysis. This is due to the fact cloud BI more freely connects to other cloud-based applications and data sources.
When you have an entirely on-premise BI architecture, you’re kind of locked-in when it comes to your options for pulling data. If sources aren’t already connected to your BI architecture, that data is going to have to be imported on its own. Organizations that utilize cloud-based business intelligence technologies, however, won’t have to deal with this headache.
Pulling data from the cloud takes much less effort, as cloud BI architectures are far more flexible in this regard. As long as a data source is compatible with your BI technologies, it should be fairly easy to connect them, even for more advanced uses like real-time analytics.
Available to More Users
Anyone who has been around the business intelligence world for a while knows these applications and platforms can do some remarkable things. They also know, however, many of them can be incredibly difficult to learn and use at a high level. This is especially true for individuals without a strong background in analytics or data science.
You might wonder why this matters, since your analysts are going to be the ones who use your BI tools the most anyway. The idea is that, with more user-friendly, cloud-based tools, more people within an organization will be able to contribute actionable insights from analytic queries. This overarching concept is often referred to as data democratization.
There are a few massive benefits to democratizing data through cloud-based BI. The most obvious is it greatly reduces the time required for extracting information from data. With a more traditional system, every query, no matter its complexity, needs to be sent to the analytics team. This causes bottlenecks and forces highly skilled personnel to waste time on low-level data problems.
Adopting cloud-based business intelligence technologies that foster greater data democratization, enables employees without a data background to derive insights from more issues. This shortens the distance between problem and solution, as well as fosters an environment in which employees intuitively turn to data when looking for answers.
Accessible from More Locations
The locational flexibility offered by cloud-based BI is another advantage it has over other options. This has shown to be true over the past year as Coronavirus forces enterprises to rapidly adapt to new remote work standards. Those that were already using cloud-based technologies had a much easier time of this, as they can be readily accessed from anywhere with an Internet connection. The ability to utilize cloud-based BI from remote locations gives it a distinct value advantage.
Organizations are adopting cloud-based business intelligence technologies for a reason. Consider how your enterprise can extract value from cloud-based BI.