Make Your Business Operations Easier with Cloud Analytics

Introduction

Over the past decades, many companies have faced difficulties storing large amounts of data in one place, downloading records from a database onto a personal computer, and sharing dashboards with their colleagues, making the reviewing processes tedious and the sharing of ideas difficult. Cloud analytics services have relieved many industries of this burden by allowing them to update all their business details in cloud storage to allow everyone in the company who has access to easily open a dashboard, monitor details, and share analytics with their colleagues.

As a result, this has allowed many companies to improve productivity, as stakeholders can exchange ideas among themselves after monitoring data stored in one collection. In this blog, I will explain the following topics in detail to better your understanding of cloud analytics and how Bold BI can help you enjoy its benefits in your business.

• What is cloud analytics?
• Why do you need cloud analytics in your business?
• Types of cloud analytics.
• Factors to consider when deploying cloud analytics.
• Benefits of cloud analytics.
• How Bold BI assists in cloud analytics and organizational growth.

What is cloud analytics?

Cloud analytics is a service and delivery model in which data analytics and business intelligence processes occur in remote servers using cloud technologies. It helps many businesses improve their services by providing employees with data insights on performance and reliability.

Why do you need cloud analytics in your business?

Business managers and leaders need cloud analytics in their business for the following reasons:

• Data production
• Data collaboration
• Data discovery
• Data-driven strategies

Data production

Data preparation is where raw data is collected, cleaned, and consolidated into a single file for better use in business intelligence. Cloud analytics helps analysts to analyze various departments to examine their data well before delivering it to their managers. This allows them to eliminate dirty data and provide the correct information that readers are seeking, thus making their business anticipate the future and develop strategies to minimize negative impacts.

Data collaboration

In data collaboration, data is visualized from different data sources, allowing data to go to the necessary people in the right format and at the right time so that it can be used in making effective decisions. Cloud analytics helps employees use data collaboration to gain access to all data analysis in a company, enabling them to easily access a company’s information from any location.

Employees can use the knowledge gained from this data to help their leaders form strategic plans that will boost the business performance as they step ahead of all their competitors.

Data discovery

Data discovery enables you to collect and evaluate data from various sources in your department and use it to monitor your customers’ behavior and the channels they use to interact with your business. It also enables managers to oversee their customers’ relationships with their products and services by examining data analysis to gain necessary insight into high- and low-selling products. This helps business managers understand what satisfies their customers and work toward improving product quality before the occurrence of customer churn. Cloud analytics also helps product managers identify their customers’ confidential information, allowing them to protect and secure it from unauthorized access, which in turn improves customer trust and brand loyalty.

Data-driven strategies

Cloud analytics helps managers to be data-driven and enables them to be progressive in all business activities. This makes them examine and organize their data frequently to understand different trends better and identify areas in need of change and improvement. Using this information, team leaders will be able to advise their employees accordingly and distribute work appropriately in those weak areas to offer quality services to their customers.

3 Types of cloud analytics

There are three types of cloud analytics, namely:

• Public cloud
• Private cloud
• Hybrid cloud

Public cloud

A public cloud is a type of analytics where services are freely offered to users and are usually made public. It is mainly done in IT departments, where IT systems are publicly shared and data is secured to avoid hacking by unauthorized persons.

Private cloud

The private cloud is a type of analytics where services are only made visible to specific users of an organization. It enables companies to increase the privacy and security of their data, as it allows only specific persons to view the company’s data and information.

Hybrid cloud

A hybrid cloud is an aspect of cloud computing consisting of both public and private clouds. It is more advantageous to most organizations since it allows them to expose nonsensitive information in their departments to their users as they keep sensitive and essential information about their services secret.

Factors to consider when deploying cloud analytics

Analytics models

Analytical models are among the most critical models business leaders need to develop for all analytical functions in the cloud. This helps leaders perform all analysis in their company within the cloud.

Data distribution

Cloud analytics in your application allows you to ease the process of data distribution and storage in platforms such as Azure, Google Cloud, and more using a modern cloud architecture.

Processing Applications

Cloud analytics allows leaders to put in place all the tools required to process big data collected from different departments in a company. This helps leaders with the frame processing needed in a cloud-based environment to process data.

Data models

Data models help managers reduce risk in their businesses by enabling them to transfer data from on-premises to the cloud. They allow you to know how information is connected, giving you a clear picture of the overall form of data.

Benefits of cloud analytics

Many business owners depend on cloud analytics due to the many advantages it brings, including protection of the company’s data as it is transferred over networks. In this section, I will discuss the following topics to let you understand the benefits of leveraging cloud analytics in your department.

• Boost productivity
• Improve visibility
• Facilitate proper decision-making
• Scalability
• Cost-savings

To boost productivity

Cloud analytics promotes employees’ collaboration by enhancing good communication among team members across a department. With this, team members can share ideas on specific areas such as how to improve the quality of their products and services and how to work toward meeting their customers’ needs. Through this, a company will be able to supply customers with the commodities of their choice, on time and whenever they need them.

To improve visibility

Cloud analytics always makes data more accessible to you, giving you a good view of your company’s performance. This enables you to identify problems that might have been missed. Using this insight, you will be able to look for better ways of solving those issues and improving performance.

Facilitate proper decision-making

Businesses that use cloud analytics usually find it easier to make decisions on financial performance, employees’ performance, and product performance. This is because cloud analytics enables decision makers to examine current results in their industry to understand the selling performance of certain products, employees who are constantly productive in their work, and the business’s profitability. This provides companies with real-time information that they can use to predict future performance of the company and make better strategic decisions that will enable them to deliver good services and products as they grow their business.

Scalability

Scalability provides the best experience in flexibility of time and money according to changes in market trends. By using cloud analytics, you will be able to grow your business efficiently without making any expensive changes in the current setup of different departments. This will improve the performance of your business regardless of market fluctuations.

Cost-saving

Cloud analytics helps financial leaders examine their financial statements to identify obstacles that that slow down the production process, resulting in extra expenditure. This enables them to develop proper strategies that help fix problems so that the same issue is not experienced in the company in the future.

How Bold BI assists in cloud analytics and organizational growth

Bold BI is an online solution for analyzing data in the web by using interactive dashboards with key metrics to track your business. It is an end-to-end solution for creating, managing, and sharing interactive business dashboards. It includes a powerful dashboard designer for composing.

Key features

Variety of data sources

130 data sources — such as Microsoft Excel, CSV, Microsoft SQL Server, PostgreSQL, and all RESTful web services — are supported in Bold BI. This gives you an environment that best suits your work.

Better data visualizations

Bold BI provides you with a platform of widgets that easily interact with your analytics. Some of the widgets include charts, grids, tree maps, and several powerful filtering possibilities using date pickers and combo boxes.

HTML5-powered

Bold BI dashboards are rendered using HTML5, giving you the best place to showcase your data on modern browsers.

Automation

Automation is one of the features of Bold BI that keeps you on track by alerting you via email every time a change is detected.

User friendly

Bold BI provides a friendly environment to all users to work in union to achieve one goal. This enables users to complete their tasks on time and to increase their productivity.

Licensing

Bold BI gives you an affordable license for services and products that have a great return for your business. The licenses are manageable and workable for both small and large businesses. For more on licensing, check the pricing plans.

Predictive analytics

Bold BI offers integrated time-series support that helps you recognize seasonal changes and forecast trends in budgeting and forecasting. It also helps you display results from predictive models produced using other machine learning environments as well as using built-in methods for forecasting.

Data visualization

Bold BI allows widgets to be easily combined in an intuitive way. It allows a visualization interface to be created with the help of a customization system, offering a better user experience for representing data. This help managers in cloud analytics to easily put together information from their data in a clear view.

Data connectivity

Data connectivity is an important feature of Bold BI that helps business analysts connect all types of business data from files and databases to webservices and more. This makes it possible for team members to easily access data from Excel files and common relational datastores such as SQL Server, Oracle, Postgres, MySQL, and more.

Collaboration

Collaboration is a feature of Bold BI that is more useful for cloud analytics companies. This is because it enables members to share analytics and collaborate with other users by adding comments right within the analytics interface in a secured manner using URLs, interactive commenting, and email alerts. This helps stakeholders gain insight from their data collaboratively, which helps them take quick action.

Conclusion

Bold BI helps you integrate dashboards in applications written in ASP.NET Core, ASP.NET MVC, Angular, ASP.NET, Ruby on Rails, React with ASP.NET Core, and more, seamlessly. It will save you time and prevent you from doing redundant work. Explore its features to learn more about embedding dashboards into your application, and refer to this blog and our help documentation.

I hope you now have a better understanding of Bold BI and how it can help managers in cloud analysis to be more successful. You can create any kind of dashboard you like with Bold BI’s 35+ widgets and 130+ data sources.

Get started with Bold BI by signing up for a free 15-day trial and creating interactive business intelligence dashboards. You can contact us by submitting questions through the Bold BI website or, if you already have an account, you can log in to submit your support questions.

Originally published at https://www.boldbi.com on May 19, 2022.