Cloud-based analytics for small businesses

What is Cloud-Based Analytics?

Cloud based analytics help you identify patterns, make predictions, and acquire business intelligence (BI) insights. It enables you to work with massive amounts of complex business data using algorithms and cloud technologies. It is a cost effective, powerful and convenient alternative to the traditional approach. 

What is it associated with?

Cloud Analytics is often associated with Artificial Intelligence, Deep learning and machine learning and it is commonly used in industry applications such as oil and gas fields, business intelligence, security and many more. Small Businesses can rapidly make data-driven decisions to improve the efficiency of their goods and services by utilising AI and other analytics techniques. 

What are standard features of Cloud Analytical solutions?

- Data and the connections between various data points are graphically represented by data models.
- Analytical models enable users to forecast the results of various business scenarios and comprehend complex statistics.
- Large datasets are processed via processing apps, which offer new perspectives for improved decision-making.




One tip for helping implement it is ensuring you select the right cloud deployment model. One of these is using SAP Rise and other solutions to migrate easily into the cloud. It should be a priority to ensure you select the right cloud deployment model as it determines the configuration of every environment parameter you need to use. Some of the models include the private cloud, public cloud and hybrid cloud.


What are some positives/Negatives of Cloud-Based Analytics for a small business?

By identifying trends or patterns and forecasting results that end in better business decisions, cloud analytics helps companies stay relevant and competitive. While cloud analytics benefits small businesses on multiple levels it is important to note a drawback of cloud based analytics could be data security breaches so to minimize the risk of data breaches the business should have regular security audits, you can read more about the positives and negatives of cloud based analytics for a small business at What is Cloud Analytics? (technologyadvice.com). 





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