The acceptance of cloud based solutions and emergence of data discovery tools have created an opportunity for all kinds of businesses to adopt BI in the cloud.
The advantages of having a cloud BI solution are:
Fast Deployment: No requirement to develop an infrastructure can help drive a quicker return on investment (ROI).
No Capital Expenditure: Avoiding the costs associated with a traditional information technology deployment (building space, hardware, software, etc) equate to a low total cost of ownership (TCO)
Data Integration & Distribution: Enable remote data access and easy cross-location data sharing with other cloud-based applications as well as traditional on-premise data sources.
Multi-Tenancy: Spreading resource costs across a larger number of organizations means a lower cost per each user.
Upgrades & Maintenance: Users can benefit from ongoing upgrades and maintenance without the associated spikes in cost, time constraints and drain on human resources.
Scalability: Support increases in the number of simultaneous users across the globe without the cost or delay of having to deploy and install additional hardware, software, or security.
Low Risk: Low TCO and overall resource investment means that a cloud-based solution can represent low risk that retains high reward potential.
What Are The Different Types Of Cloud Computing?
Cloud computing can mean many different things these days, but there’s three main categories of cloud computing services.
You might have heard about these or use them already; software as a service (SaaS), for example – Microsoft 365, platform as a service (PaaS), example – salesforce.com and infrastructure as a service (IaaS), example – Rackspace.