The Tipping Point for Cloud Analytics
Cloud has been a “trend” in IT for nearly a decade, why are businesses making the shift finally to cloud analytics now?
Businesses need to be armed with the right insights at the right time to keep pace with the customer expectations, market and competition.
As businesses evolve and grow, leaders increasingly feel the need for agile, cost effective and reliable solutions to automate decision-making and analysis. Highly successful companies are creating an environment where the right data is at finger tips of executives in the boardroom to front-line employees to help achieve greater success.
At Informatica, we worked with IDG Research Services to study IT and business leaders from more than 400 companies in North America and EMEA to to uncover market trends and insights into how organizations are taking advantage of business analytics in the cloud. The survey indicates that cloud analytics adoption has reached a tipping point with 63% of respondents saying that over the next 12 months they will be investigating, analyzing or actively planning to deploy cloud analytics solutions. Additionally, 71% said they expect to adopt a hybrid or cloud-only approach to analytics over the next three years.
The Business Drivers
Cloud Analytics can be defined as implementing one or more of the three primary components of business analytics—data integration, data warehousing and BI—in the cloud. Already 15% of survey respondents have deployed one or more cloud analytics solutions.
Respondents name robustness of a cloud analytics solution’s data security frame- work as a top driver to look for when choosing an offering. Tied with security is ease of use (80 %), followed by ease of ongoing administration (77 %), data governance (72 percent) and it’s highly important for organizations to have the ability to move data from one cloud location to another and across cloud and on-premise solutions easily (64%).
Cloud analytics benefits eclipsing those of on-premise analytics offerings – Respondents with deployed cloud analytics solutions cite the advantages of lower upfront costs (60%) over on-premise solutions, as well as greater agility and faster time to market (57%), more rapid and cost-effective scaling for larger data sets (55 %) and self-service capabilities for non-technical users (51%).
Of the survey respondents who said that their organizations are deploying, planning to deploy or considering deployment of cloud analytics technologies over the next 12 months, the break- down of adopted use cases highlight that Cloud Databases (88%), followed by Cloud BI tools (87%), SaaS integrations (86%) and Cloud Data Warehouses (84%).
The Bottom Line
For an increasing number of companies, their center of gravity for mission-critical business data is moving to cloud applications. The transition from more-complex, inflexible and expensive on-premises analytics to scalable, easy-to-use cloud-based models is under way and will increase significantly over the next few years
Today, data is table stakes. To be competitive, successful businesses must transform disparate data streams into insights. That’s why cloud analytics is fast becoming the must-have solution for businesses around the world. Listen to the Informatica webinar for more information on what others are doing. Be in the driver’s seat to put your company ahead of the competition.