{"id":6113,"date":"2015-06-26T22:12:30","date_gmt":"2015-06-26T16:42:30","guid":{"rendered":"http:\/\/ivyproschool.com\/blog\/?p=6113"},"modified":"2024-11-13T15:36:37","modified_gmt":"2024-11-13T10:06:37","slug":"cloud-analytics-and-bi-the-latest-trend-in-enterprise-analytics","status":"publish","type":"post","link":"https:\/\/ivyproschool.com\/blog\/cloud-analytics-and-bi-the-latest-trend-in-enterprise-analytics\/","title":{"rendered":"Cloud Analytics and BI &#8211;  the latest trend in enterprise analytics"},"content":{"rendered":"<p>With most\u00a0businesses moving part of their operations to the cloud, analytics and BI in the cloud have emerged as the new frontiers of the service model. From IBM, Oracle, Hewlett-Packard and <a href=\"http:\/\/www.salesforce.com\/in\/analytics-cloud\/overview\/\" target=\"_blank\" rel=\"noopener noreferrer\">Salesforce<\/a> , to start-ups like Ideal Analytics, Cloud Analytics is the latest trend in the delivery of enterprise analytics.<\/p>\n<p>Today,\u00a0apps and data are increasingly being deployed to\u00a0the cloud.\u00a0This has led to\u00a0cloud\u00a0analytics and business intelligence revolutionising data analysis and reporting in a totally new avatar.<\/p>\n<p>A short time-to-delivery\u00a0for\u00a0analytics,\u00a0improved agility and an effective ROI\u00a0are the key\u00a0drivers for the phenomenal increase in the adoption of cloud analytics by large enterprises and smaller players.<\/p>\n<p>The success of Cloud BI and analytics has also\u00a0given rise to many data visualisation tools and cloud suites for BI, data warehousing and analytics. For instance the Amazon Web Service, Alteryx, IBM Watson Analytics, the Boz Allen cloud analytics architecture or the SAP Big Data Analytics platform &#8211; all of which offer varying degrees of data storage, analysis and reporting.<\/p>\n<p><strong>Analytics in the\u00a0Cloud<\/strong><\/p>\n<p>Where any of the following elements are fulfilled:<\/p>\n<ul>\n<li>data stored or sourced in the cloud,<\/li>\n<li>cloud based data modelling<\/li>\n<li>cloud processing<\/li>\n<li>cloud computing<\/li>\n<li>analytic modeling, sharing or storage<\/li>\n<\/ul>\n<p><strong>How does it work?<\/strong><\/p>\n<p>Cloud analytics services are either subscription-based or pay-per-use. \u00a0Services and applications include Data warehousing and harvesting, SaaS (Software-as-a-service) or hybrid service, BI on demand or analytics as a service. Hosted services are made available to the enterprise \/ multiple users\u00a0by the service provider. Off-site storage and harvesting of data cuts down costs and improves access. So data can be retrieved and analysis done, when and where required. \u00a0The cloud can also be deployed\u00a0as platform-as-a-service for data analytics.<\/p>\n<p><strong>Advantages &#8211; <\/strong>Multiple pricing options, minimal hardware and infrastructure,\u00a0speedy reporting and analysis environment, cost-effective, analytics on the go in real-time, minimum outlay, sophisticated dashboards and interactive visualization, intuitive reporting<strong>\u00a0<\/strong>for non-technical users, in-memory analysis, integration of data from multiple sources, mobile BI, multi-tenancy support, audit logging and OLAP functionalities, free technical support, multiple deployment options, various analytical models, reduced administrative and implementations costs, options of distributed cloud services, ability to connects large disparate social data, Big Data capability, and more.<\/p>\n<p><strong>The Cloud Analytics market<\/strong><\/p>\n<p><a href=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2015\/06\/Cloud-analytics-market2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6114\" src=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2015\/06\/Cloud-analytics-market2.png\" alt=\"Cloud analytics market2\" width=\"625\" height=\"354\" srcset=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2015\/06\/Cloud-analytics-market2.png 625w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2015\/06\/Cloud-analytics-market2-300x170.png 300w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p>Reports indicate that the global Cloud Analytics Market is expected to grow from $5.25 billion in 2013 to $16.5 billion in 2018. at a CAGR of 25.8%.<\/p>\n<p>The Banking &amp; Financial Industry (BFSI) is expected to account for the largest market share.<\/p>\n<p>The\u00a0high growth markets are identified as:<\/p>\n<p>Hosted warehouse \u2013 storage and management of mission critical data<\/p>\n<p>Analytics \u2013 predictive, spatial, video, social media, text, web<\/p>\n<p>Cloud BI \u2013 data integration, reporting, CRM<\/p>\n<p><strong>Application areas of BI and Analytics in the cloud<\/strong><\/p>\n<p>Healthcare, BFSI, media, social media, government, consulting, research and education, energy, telecommunication<\/p>\n<p><strong>Bottomline: <\/strong>As the data being handled becomes more voluminous, businesses are seeing value in moving their data analysis to the cloud. Rather than build large complex data warehouses and deploy analytics thereon, companies chose to connect with source data APIs and cloud for rapid analysis in real-time. Scalability, reduced costs of infrastructure, improved ROI and analytics on the go are revolutionizing the way analytics is being leveraged in the cloud.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With every business moving to the cloud, analytics and BI in the cloud have emerged as the new frontiers of the service model. <\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[552],"tags":[324,360,680],"class_list":["post-6113","post","type-post","status-publish","format-standard","hentry","category-technology","tag-applications","tag-cloud-analytics","tag-market-share"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Rise of Cloud Analytics in Business Intelligence<\/title>\n<meta name=\"description\" content=\"Discover how cloud analytics is revolutionizing data analysis and reporting, offering faster insights, reduced costs, and improved ROI for businesses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ivyproschool.com\/blog\/cloud-analytics-and-bi-the-latest-trend-in-enterprise-analytics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Rise of Cloud Analytics in Business Intelligence\" \/>\n<meta property=\"og:description\" content=\"Discover how cloud analytics is revolutionizing data analysis and reporting, offering faster insights, reduced costs, and improved ROI for businesses.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ivyproschool.com\/blog\/cloud-analytics-and-bi-the-latest-trend-in-enterprise-analytics\/\" \/>\n<meta property=\"og:site_name\" content=\"R vs Python: Which Analytics Tool Should You Choose for Data Science?\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/ivyproschool\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-26T16:42:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-13T10:06:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2015\/06\/Cloud-analytics-market2.png\" \/>\n<meta name=\"author\" content=\"Ivy Professional School\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ivyproschool\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ivy Professional School\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ivyproschool.com\\\/blog\\\/cloud-analytics-and-bi-the-latest-trend-in-enterprise-analytics\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ivyproschool.com\\\/blog\\\/cloud-analytics-and-bi-the-latest-trend-in-enterprise-analytics\\\/\"},\"author\":{\"name\":\"Ivy Professional School\",\"@id\":\"https:\\\/\\\/ivyproschool.com\\\/blog\\\/#\\\/schema\\\/person\\\/31fdab8559dd3db99173764bfb60215d\"},\"headline\":\"Cloud Analytics and BI &#8211; 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