Cloud computing application is a new computing technology that uses the Internet and central remote servers to maintain data and applications. The impact of cloud computing is broad and deep, it is the kind of technology that companies need to either embrace or be managed by. 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 it also has a profound effect on business intelligence (BI). business Information helps companies process raw data and convert them into useful business information. This process still requires a significant amount of work on large data storage (DW). For most of the traditional companies, the data warehouses and most business systems that enter data into these data stores are on site. The impact of cloud computing is broad and deep, it is the kind of technology that companies need to either embrace or be managed by. Some of the key benefits of cloud computing include fast deployment, ease of use and subscription pricing. Organizations thinking about implementing Business Intelligence in the cloud require that all data be moved into data warehouses and the associated processes in the cloud. It has its own advantages and challenges:
• Businesses of different sizes have different business needs. Cloud-based software can easily be changed to specific requirements. Even the smaller business enterprises are given the opportunity to tailor a Business Intelligence system to suit their specific requirements and improve their business processes.
• The initial set-up costs to make a traditional IT system work can be very high. However, cloud-based Business Intelligence solutions can significantly reduce the initial high costs, as third-party service providers can manage all systems remotely.
• Temporary use of cloud-based software without having to buy a full license is another major benefit. This is called subscription-based system, and this greatly helps companies pay only for their organization’s use.
• Many questions remain unanswered about the security details of cloud computing platforms as a whole. There is still some concern about its data protection capability.
• This is a very new concept and as with any new concept, there are unforeseen and unexpected errors. Organizations will need to adapt to them adequately.
• Businesses will also have to accept the relocation of internal data outside their internal systems as opposed to an internal system.
But if all the pieces are assembled correctly, it should be worth it. And what we get is very fast Business Intelligence at a fraction of the cost with the pay-as-you-go subscription model.