Businesses are seeking tools that can help them analyze data to make better decisions and run their businesses more efficiently. One such tool is business intelligence software (BI). With Cloud BI, you can quickly access the data you need at the right time. BI is about delivering the right information to the right people at the right time. BI in the cloud provides access to data anywhere, but these investments can also provide greater flexibility, faster decision making, and the ability to scale for
According to the research study, the global Cloud Computing Market was estimated at USD $321 Billion in 2019 and is expected to reach USD $1025.9 Billion by 2026. In the coming years, the Cloud Computing Market is expected to grow at a compound annual growth rate (CAGR) of 18% from 2019 to 2027.
According to a recent DELL report, companies that invest in big data, cloud, mobility, and security grow their revenue by 53% more than their competitors. Since the pandemic and the changes in consumer and business behavior that followed, mid-market businesses have recognized the importance of cloud computing. Companies need cloud computing solutions to run their operations from a remote location, to enhance customer service, and most importantly to earn more money.
Benefits of Cloud Business Intelligence Solutions (Cloud BI)
A business that uses the cloud doesn’t have to spend money on hardware or software, and it also doesn’t have to budget for ongoing maintenance. It is very cost-effective.
Ease of deployment
Users do not need to wait for overworked IT professionals to install cloud BI software. You can do it on your own.
Access to business intelligence applications over the cloud is available anywhere, anytime, on a wide variety of devices for the mobile workforce. With it, users are able to create their own reports and gather insight without having to rely on IT support.
Cloud BI allows enterprises to ensure that all the enterprise data is centralized and no duplicate data is stored. As a result of reduced data volume and improved data quality, stakeholders throughout the organization have better business insights, and there is no room for confusion.
It’s a big myth that Cloud-based solutions are insecure. Cloud-based BI solutions are highly reliable since they rely on a variety of data security protocols and features. It also uses more advanced protocols for data security such as fingerprints and voice recognition.
The combination of Business Analytics in the Cloud with other programs and databases makes it easier to integrate the solutions and allows data to flow easily. Advanced BI solutions are also recognizing the value of social network data and provide users with the ability to build “sentiment analyses” by pulling real-time social media data.
Microsoft Azure Business Intelligence Solutions
The Microsoft Azure platform helps businesses make better business decisions by analyzing data in real-time from different sources. By providing intelligent business insights at the right time and in the right format, it helps improve business efficiency, reduce operational costs, increase revenue, and enhance customer engagement.
With the help of a cloud-based solution, we developed a cloud-based solution for a leading hospital organization in the UAE, allowing extraction and transformation of health insurance data from payer contracts to their data warehouse.
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