How cloud analytics will win over on-premise analytics
Cloud analytics is going to win over on-premise analytics. Cloud computing, NLP and AI are transforming the way organisations are interacting with analytics platforms. As data analysts, one of our jobs is to keep an eye on the technologies transforming our industry, and analytics in the cloud is one of these trends. Analytics vendors who neglect this growing trend are taking a great risk because clients will ask for these services. Those who fail to provide them will lose business. So, in this blog post, I am going to discuss the importance of cloud-based analytics and why it wins over its on-premise counterpart.
Advantages of cloud over on-premise analytics
Cloud analytics refers to analytics services provided over the cloud, as opposed to on-premise software. There are several advantages to using this system over others.
Data security is better
With data being more valuable than oil, its security is one of the biggest concerns facing any organisation. In an on-premise solution, security is in the hands of the organisation, which leads to problems. For example, it can take an internal team weeks to detect a data breach. However, in cloud analytics, data security is in the hands of the vendor, which means there is a dedicated team performing security assessments and monitoring the system around the clock. If there is a data breach, it will be found within minutes or hours. Furthermore, the infrastructure is constantly updated with new patches to keep security up to date. With data being so valuable, organisations are better off investing in a cloud-based platform for better security.
Analytics is more efficient on the cloud
Cloud analytics delivers incredible processing power more efficiently compared to on-premise solutions. Organisations don’t have to invest in expansive data servers or expensive hardware to get an analytics platform up and running. Instead, data can be processed over the cloud, meaning, organisations can have their data assessed, but more efficiently than with on-premise solutions. It is especially advantageous for SAS analytics because these platforms specialise in handling large packets of data and require a huge investment, which only large corporations could afford. With the cloud, organisations benefit from the power of SAS analytics, while paying a lower price, lowering their costs and increasing ROI.
Analytics is more accessible
On-premise analytics is great, but one of its drawbacks is that smaller to medium-sized organisations cannot afford them because they are so expensive. However, with cloud analytics, the power and benefits of analytics are more accessible than ever before. Thanks, to the cloud, analytics is not as expensive, which means services are available at more affordable prices. The accessibility of cloud analytics also benefits providers because they are not restricted by geography. They can provide analytics services to any organisation in any country, no matter their location.
Cloud analytics is scalable
Cloud analytics is far more scalable than on-premise analytics. When organisations want to expand their operations, they will have a hard time doing so with on-premise platforms because there are several problems to contend with. For example, on-premise solutions use physical servers, which means organisations have to invest in more servers to scale operations. By contrast cloud analytics, makes scalability easier because organisations can increase the number of servers they are using within minutes. If organisations are looking to scale for the future, then the cloud is the option to take.
An easier time cleaning, consolidating and analysing data over the cloud
Cloud analytics makes it easier to clean, consolidate and analyse data. On-premise solutions often cause delays in delivery time and handling speed, especially if there are server issues. There is also the question of accessibility, most analytics platforms are built for the analytics team, but not necessarily for those who don’t have a background in analytics. Accessibility is not a problem with cloud analytics because findings are easier to read due to data sharing and visualisation, making it possible for cross-organisational analysis. Furthermore, cloud-based analytics with real-time capabilities make it easier to keep data organised and up to date. Cloud-based analytics reduces the chances of data mismatches and delays for better insights and decision making.
Cloud analytics is for the future
Cloud analytics brings a lot of exciting prospects for the future because it allows analytics teams to deliver better service to clients around the world. Organisations benefit because the ROI from investing in analytics will improve. Data security will be more secure and operations will be more flexible. It is only a matter of time before organisations ask for cloud analytics services and our team at Selerity, as service providers, are ready to meet the challenge.