Why cloud for analytics is the future of data collection and analysis
One of the biggest concerns most businesses have when it comes to adopting analytics platforms is the cost and scale often needed to make full use of the platforms. While these concerns are understandable, there are no longer the stifling limitations they used to be because of cloud for analytics. Cloud-based analytics platforms have become a versatile asset for organisations looking to take on data analytics.
Let us take a deep dive into the benefits of cloud for analytics platforms.
Why cloud for analytics is necessary for large organisations
There are several reasons why you should use cloud for analytics.
Breaking down the silos in data analysis
From universities to large corporations, most organisations store their data in disparate sources, which makes it difficult to pull off even the most basic functions related to data collection and analysis. However, by implementing cloud for analytics, it becomes much easier to conduct a thorough, holistic data analysis. Since cloud-based analytics platforms are not restricted to a single server, it becomes much easier to breakdown data silos and unifies data sources to perform a comprehensive analysis. This allows for several benefits like a greater collaboration between professionals from different backgrounds.
Several tools, like self-service analytics tools, make data collection and analysis much easier to analyse in comparison to conventional tools. With self-service tools, data analysis can be conducted by people who don’t necessarily have the technical skills to break down data using normal analytics tools.
Data insights at a faster rate
As we breakdown data silos, it allows organisations to discover insights at a much faster rate. This happens due to several reasons. Cloud for analytics allows organisations to operate more efficiently because of the greater processing power that is avaliable on the cloud. However, beyond technical power, there is also the issue of expertise. Thanks to cloud-based, self-service analytics platforms, data collection, and analysis are now more accessible to people who don’t have a technical background.
Cloud analytics platforms are scalable
When organisations grow and evolve, so do their demands. In such cases, conventional analytics systems can quickly become a hindrance rather than an asset due to server limitations. However, thanks to cloud for analytics, there are no such limitations to be concerned with. This is because cloud-based analytics platforms are far more flexible and can scale up or down, in accordance with their operations. Cloud analytics platforms are also far more agile, making them much easier to work with, which translates to better operational efficiency for the organisation in question.
Taking a more unified approach to data
When data is stored across different sources, it often comes in different formats. With conventional analytics systems, this makes data collection and analysis a very difficult process. However, thanks to cloud for analytics, it becomes much easier to unify data from disparate formats, making data analysis easier. The ability to unify data from different sources makes it so much easier to test, explore, and evaluate data to find strategic insights that can help your organisation.
Better regulation of data access and controls
Cloud for analytics can help improve access controls, improving data governance. For example, it becomes much easier to regulate and control access on cloud for analytics solutions compared to other platforms. When it is easier to regulate access and control, it becomes much easier to protect data and regulate access to data. Considering that data is a key asset for most organisations, the ability to tightly regulate its access and use would be a huge boost in confidence for the organisation.
Bridging the gap with cloud for analytics
Given the growing volume of big data and the need to conduct data collection and analysis more efficiently than before, it is important to invest in the technology that can remove the silos from data collection and analysis. This is where cloud for analytics becomes an invaluable asset. The analytics platform allows organisations to conduct their analysis more efficiently and discover insights at a much faster rate. Furthermore, cloud-based analytics platforms make data collection and analysis a much more collaborative process. A desirable development in any organisation because it enriches the data analysis process, allowing for richer, better insights that will improve decision-making.