Advantages and disadvantages of having Business Intelligence in the cloud

Cloud computing application is an emerging computing technology that uses the Internet and central remote servers to maintain data and applications. The impact of cloud computing is wide and deep, it is the type of technology that companies will need to adopt or be surpassed. Some of the key benefits of cloud computing include fast deployment, ease of use, and subscription pricing.

Cloud computing has great potential for organizations and is also having a profound effect on business intelligence (BI). Business intelligence helps companies process raw data and turn it into usable business information. This process still requires a significant amount of work on large data warehouses (DW). For most traditional businesses, data warehouses and most of the business systems that feed data into those data warehouses are on-premises. The impact of cloud computing is wide and deep, it is the type of technology that companies will need to adopt or be surpassed. Some of the key benefits of cloud computing include fast deployment, ease of use, and subscription pricing. Organizations considering implementing business intelligence in the cloud require moving all data in data warehouses and associated processes to the cloud. That has its own advantages and challenges:

advantage:

• Companies of different sizes have different business requirements. Cloud-based software can be easily modified based on specific requirements. Even the smallest business companies gain the ability to customize a Business Intelligence system to fit their specific requirements and improve their business processes.

• Initial setup costs to get a traditional IT system up and running can be very high. However, cloud-based business intelligence solutions can significantly reduce that high upfront cost, as third-party service providers can manage all systems via remote access.

• Temporary use of cloud-based software without having to purchase a full license is another great benefit. This is known as a subscription based system and this greatly helps companies to pay only for the use of their organization.

challenges:

• Many unanswered questions remain about the security details of cloud computing platforms as a whole. There is still some concern regarding its data protection capabilities.

• This is a very new concept and, as with any new concept, there are unforeseen and unexpected flaws. Organizations will have to adapt to them appropriately.

• Companies will also have to accept the movement of internal data outside of their internal systems as opposed to an internal system.

However, if all the pieces are assembled correctly, it will be worth it. And what we will get is very fast Business Intelligence at a fraction of the cost with the pay-as-you-go subscription model.