How Cloud Analytics Empowers Organizations
Cloud adoption is now so popular that Gartner predicts over 85% of enterprises will adopt a cloud-first principle by 2025. But companies should not simply jump on the bandwagon. Otherwise, they could overlook big opportunities for growth and development along the way.
We take a look at how, with a little careful planning, businesses can take advantage of cloud analytics.
Cloud analytics explained
As of 2022, around 60% of all corporate data is stored in the cloud. That is double the levels seen in 2015. This means that many companies will continue to accumulate large amounts of data that sits in the cloud going forward.
The good news is, the cloud is not just a place for storage. It opens up possibilities for companies to organize and analyze their data, gaining valuable insights into operations which can be used for growth, expansion, and more.
But why use the cloud?
Good business intelligence relies on strong data analytics. It is true that this can be done locally, but analyzing data with on-premise storage can be costly, take up space with hardware, and be time-consuming and difficult to set up.
The cloud lets you analyze large data sets easily and share results how, when, and with whom you want, without the added hardware costs. Companies can leverage AI and automated solutions, too, improving their cloud analytics efficiency.
How it works – storing, managing, analyzing
If you don’t yet operate using the cloud, you may need to enlist the help of an expert who can guide you through the migration process. If you already work on the cloud, you could already have what you need to get started.
Of course, having data in the right place does not mean it is in an optimal format for analysis. This is where data management comes in. As explained in Forbes, “managing data is as critical as having data.” Data needs to be up to date, protected, secured, and easily accessed, among other things. Implementing a good database management system can help you get the most out of your data as its analyzed.
With the right setup in place, businesses can then choose a cloud analytics solution that works for them. You can manage real-time data as well as historical data from a simple dashboard. You can share quickly and easily, across devices, in a way that works to your needs.
That way, you can make informed, data-driven decisions.
3 Cloud analytics trends in 2022
In a recent report, Gartner identified twelve top data and analytics trends for 2022, many of which can be applied to cloud-based solutions. We take a closer look at three of these key trends, with insights from other industry giants.
AI in cloud analytics
Artificial intelligence is becoming more commonplace in many areas, and it looks like cloud analytics is no exception. Gartner identified adaptive AI systems as one of the key trends to keep an eye on in the near future.
They explain that adaptive AI systems can offer faster and more flexible decisions, which are vital when it comes to connected and continuous decision making.
Skills gaps
Gartner estimates that, through 2025, the majority of CDOs will fail to foster the necessary data literacy within the workforce.
And Gartner is not alone. In a recent PWC survey, businesses cited “identifying the skills workers will need in the future due to technology” as one of the three most significant workforce challenges.
At InspireIT, we offer tech staffing services, so you can outsource your IT operations quickly and smoothly, knowing you have the right skills on hand.
Data sharing
Gartner also explains that data sharing is a key digital transformation capability. However, many businesses don’t know how to do this on a large scale and with trust.
It is vital to consider privacy and security very carefully when sharing data. When done correctly, it can help achieve common goals and increase collaboration internally and across industries.
PWC predicts that, during the next 18 to 24 months, they expect to see “more organizations explore opportunities to create seamless, secure data-sharing capabilities that can help them monetize their own information assets”.
Getting the most from the cloud
Migration and cloud analytics require planning, but the results can be amazing. Working with a reliable and knowledgeable consultancy can help your transition run smoothly, setting you on the right track to make the most of cloud operations and giving you a competitive advantage.
At InspireIT, we’ve been providing tech consultancy services across Europe, the Middle East, and the CIS region since 2003. We use deep industry knowledge to find the best cloud-based solutions for you.
From technical recruitment to database warehousing and business intelligence, we help businesses achieve their best. To get in touch with one of our experts, simply send us an email at info@inspirit.com.tr
