{"id":5176,"date":"2014-05-22T00:30:33","date_gmt":"2014-05-21T19:00:33","guid":{"rendered":"http:\/\/ivyproschool.com\/blog\/?p=5176"},"modified":"2024-11-09T17:08:00","modified_gmt":"2024-11-09T11:38:00","slug":"unleashing-the-power-of-the-cloud-with-real-time-analytics","status":"publish","type":"post","link":"https:\/\/ivyproschool.com\/blog\/unleashing-the-power-of-the-cloud-with-real-time-analytics\/","title":{"rendered":"Unleashing the power of the Cloud with real-time analytics"},"content":{"rendered":"<p>The recent\u00a02014 IDG Enterprise Big Data Research\u00a0study puts business spending on big data-related initiatives in 2014, at about $8 million. While analytics software and human analysts form part of this spending, 49% of the enterprises surveyed is slated to invest in hardware like storage and server, 44% plan in cloud infrastructure.<\/p>\n<p><b>The challenges of analytics in the Cloud<\/b><\/p>\n<p>While internal storage solutions offer data storage and computation, cloud infrastructure unlocks the potential of data by improving operational agility and scalability of an organisation. Real-time analytics is also made possible, helping businesses gain that ultimate edge based on real-time analytics as and when required,\u00a0using <a href=\"http:\/\/ideal-analytics.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">analytics-on-demand<\/a> or analytics-as-a-software (AaaS) models.<\/p>\n<p><a href=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2014\/05\/real-time-analytics21.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5180\" src=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2014\/05\/real-time-analytics21.png\" alt=\"real-time analytics2\" width=\"583\" height=\"340\" srcset=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2014\/05\/real-time-analytics21.png 583w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2014\/05\/real-time-analytics21-300x174.png 300w\" sizes=\"auto, (max-width: 583px) 100vw, 583px\" \/><\/a><\/p>\n<p><b>Real-time Analytics \u2013 the key to successful business strategy<\/b><\/p>\n<p>With SMAC technology adoption, demand for real-time analytics pervades almost all businesses, from the retail to fraud, banking, media and more. Horizontal solutions also call for analytics in real-time, to bring immediate value to analytic roles and strategies, and unleash the power of business data and online resources for dynamic analysis. This is viewed on a seamless dashboard, and used when wanted, needed or requested; as on-demand or continuous real-time analytics.<\/p>\n<p><b>On-demand and Continuous real-time analytics<\/b><\/p>\n<p><a href=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2014\/05\/real-time-analytics.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5177\" src=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2014\/05\/real-time-analytics.png\" alt=\"real-time analytics\" width=\"580\" height=\"347\" srcset=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2014\/05\/real-time-analytics.png 580w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2014\/05\/real-time-analytics-300x179.png 300w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><\/a><b><\/b><\/p>\n<p><b>How can real-time analytics be leveraged?<\/b><\/p>\n<p>Real-Time Analytics can be leveraged through dashboards vide free-to-use or pay-as-you-go cloud models, to keep team members informed about what goes on within and outside the business. Aspects that have an instant impact on business processes are factored in a real-time.<\/p>\n<p>A best-fit model is the stock market that we view in real-time through continuously updated visual dashboards on a web platform, TV or mobile device. This data is used to drive actions related to trading, investments, <em>and so on. <\/em>\u00a0Another popular application is Customer Relationship Management (CRM), where real-time analytics provides insights into customer behavior, to empower businesses with competitive insights. Data and analytics at that very moment, (like retail store footfalls till that time, on that day) is provided for quick decisions, \u201cfixes\u201d or customer engagements.<\/p>\n<p><strong>Related Blogs:<\/strong><\/p>\n<p><a href=\"https:\/\/ivyproschool.com\/blog\/blog\/2014\/05\/10\/what-you-need-to-know-about-cloud-computing\/\">What you need to know about Cloud Computing<\/a><\/p>\n<p><a href=\"https:\/\/ivyproschool.com\/blog\/blog\/2014\/05\/11\/spotlight-cloud-analytics\/\">Spotlight : Cloud Analytics<\/a><\/p>\n<p><a href=\"https:\/\/ivyproschool.com\/blog\/blog\/2014\/05\/08\/why-is-smac-the-buzzword-of-2014\/\">Why is SMAC the buzzword of 2014?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the needs of organisations and volume of data keep changing, businesses look to the cloud for various real-time analytics offerings to enable instant decisions or changes that reflect analysis in a real-time cloud environment. <\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[347,379,380,381,378,377],"class_list":["post-5176","post","type-post","status-publish","format-standard","hentry","category-data-analytics","tag-cloud","tag-continuous","tag-deployment-models","tag-how-can-real-time-analytics-be-leveraged","tag-on-demand","tag-real-time-analytics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Harnessing Cloud Power with Real-Time Analytics<\/title>\n<meta name=\"description\" content=\"Explore how real-time analytics in the cloud enhances business agility, enabling instant data-driven decisions and a competitive edge.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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