Cloud-Based Business Intelligence Solutions – Which Are The Benefits?

Cloud-Based Business Intelligence Solutions – Which Are the Benefits

Business intelligence solutions support better decision-making by providing historical, current and predictive views of all business operations. Business Intelligence (BI) technologies can process large amounts of information to provide useful functionalities such as reporting, analytics, data and process mining, business performance management, benchmarking, text mining, predictive and prescriptive analytics. BI solutions help companies gain competitive advantages by identifying and developing new business opportunities.


Although enterprises are still in the early stages of adopting cloud-based BI solutions, a 2012 survey showed that these technologies are among the fastest- growing cloud-based business management tools. According to the survey, in late 2011, only about 13% of enterprises worldwide had cloud-based BI solutions in place and in use. In 2012, cloud-based BI saw an 84% compound annual growth rate. The surveys author declared “inevitably, cloud is opening up business intelligence to more users within organizations. There already is a drive to make BI more ubiquitous, and the cloud will accelerate this move toward simplified access.” Let’s see more advantages of cloud-based Business Intelligence solutions:

• Cloud makes business intelligence affordable. Enterprises benefit from the fact that there is no hardware and ongoing maintenance costs. The implementation of the solution is more rapid, it needs a smaller budget, and upgrades are the provider’s responsibility.

• Cloud enables specific business needs integration. Enterprises benefit by having a more scalable solution that can faster integrate new functionalities to fit business needs or faster adapt to business development. • Cloud increases employee productivity and reduces redundancy. Enterprises using cloud-based Business Intelligence solutions benefit by having more efficient processes as different business departments or external partners can access the same data, eliminating duplication.

• Cloud increases BI tools results. By storing data in a single location that can be accessed by the entire enterprise, the chances of having duplicate data or different versions of almost the same information are eliminated. This helps companies reduce data volume and complexity and leads to valuable data insights for departments across the entire organization. As data continues to increase in all industries and businesses begin to rely more and more on high quality data insights, information accessibility whenever, wherever can provide a critical competitive advantage. If you consider choosing and implementing Business Intelligence technologies in your enterprise, you should research on the advantages a cloud-based solution could bring to your day-by-day activity.

By Rick Blaisdell

About CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in connected technology information and services.

We embrace and instill thought leadership insights, relevant and timely news related stories, unbiased benchmark reporting as well as offer green/cleantech learning and consultive services around the world.

Our vision is to create awareness and to help find innovative ways to connect our planet in a positive eco-friendly manner.

In the meantime, you may connect with CloudTweaks by following and sharing our resources.

Health Cloud Capabilities ORLANDO, FL. - 20 Feb 2017: At the 2017 Health Information Management Systems Society (HIMSS) conference in Orlando, IBM (NYSE: IBM) today introduced expanded capabilities for the Watson Platform for Health Cloud and a specialized Watson Health Consulting Services unit dedicated to helping clients and partners across the healthcare ecosystem capture the business opportunity of cognitive computing ...
Read More
Philips spotlights connected technology, predictive analytics software, and artificial intelligence advancing population health and precision medicine at HIMSS 2017 AMSTERDAM, Feb. 17, 2017 /PRNewswire/ -- Featuring new and enhanced connected health offerings at the 2017 HIMSS Conference & Exhibition (HIMSS17), Royal Philips (NYSE: PHG,AEX: PHIA), a global leader in health technology, will showcase a broad range of population health management, ...
Read More
Cupertino, California — Apple today announced its 28th annual Worldwide Developers Conference (WWDC) — hosting the world’s most talented developer community — will be held at the McEnery Convention Center in San Jose. The conference, kicking off June 5, will inspire developers from all walks of life to turn their passions into the next great innovations and apps that customers ...
Read More
When Cisco Systems Inc. reports earnings Wednesday, the big question will be if the networking giant’s repeated gambles on software can reverse a yearlong sales slide, or at least point to a reversal of that trend in the future. Cisco CSCO, +1.06%  is scheduled to report fiscal second-quarter earnings less than a month after announcing its latest multibillion-dollar software acquisition, ...
Read More
Offering Integrated and Automated Solutions, Expansive Partner Ecosystem, Advanced Architecture with Cross-Industry Collaboration SAN FRANCISCO, Feb. 14, 2017 – Today Intel Security outlined a new, unifying approach for the cybersecurity industry that strives to eliminate fragmentation through updated integrated solutions, new cross-industry partnerships and product integrations within the Intel Security Innovation Alliance and Cyber Threat Alliance (CTA). “Transforming isolated technologies ...
Read More