Cloud BI provides thorough reports with valuable insights that identify inefficiencies in business processes. Without a proper analysis, it is impossible to tell how much extra costs you spend and what expenditures can be optimized. So, with the help of cloud BI analytics, you can: Cloud environment allows you to develop ETL processes, reporting, use all necessary tools, and more. In fact, it is the main reason why the vast majority of companies go for cloud business intelligence - the cloud provides such a platform. Data you get from these resources belong to different worlds, and you need a unified platform to analyze it. How you can benefit from BI on cloud computingĪll departments of your company are separate systems that have peculiarities that need to be considered. Now, let’s view the benefits of cloud business intelligence in more detail. Let’s take a look at them.įor the businesses that have to process terabytes of data each day, cloud-based BI solutions are the only viable choice. Both have their advantages and disadvantages. There are two main approaches - traditional or on-premise BI and cloud-based BI analytics. Thus, business intelligence is vital for each company nowadays to succeed.
The companies are growing very fast, and so does the amount of data to be analyzed. No modern company can succeed without data analytics, as it is critical to make business decisions based on data and insights. It comes as no surprise, as BI allows enterprises to boost profitability, determine areas for further growth, and drive full-scale digital transformations.īut why should you choose cloud BI over traditional BI? How can you benefit from cloud-based BI? Find the answers to these and other questions in the article.
According to Business Wire, the business intelligence market is expected to reach $40.5B by 2026 and grow at a CAGR of 12% over 2021-2026.
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