For effective analytics, businesses now depend on the cloud. Using the cloud for analytics is important for nearly 92 percent of organizations, with over 70 percent considering it of key importance. Cloud’s dominance suggests that cloud-first initiatives are increasingly responsible for driving business insights and, as more cloud options come to market, organizations are getting better at taking advantage of them.
Cloud is about levelling-up enterprise capabilities. From enhancing processes or facilitating collaboration, to self-service analytics, the cloud is where organizations get both business and technical solutions up and running quickly, smoothly and cost-effectively. This versatility is the cloud’s secret sauce; businesses are driven to it for not one reason, but many – agility, flexibility, cost-efficiency, and more.
Now more than ever, more people in the business need access to quality data just to do their jobs. This demand means governed self-service analytics is vital; when 94.8% of organizations consider it an important offering, self-service is no longer optional for any business that wants to remain competitive. As a result, effective data management has been thrust onto center stage.
"When 94.8% of organizations considerit an important offering, self-service is nolonger optional for any business thatwants to remain competitive."
The State of Cloud Analytics 2016
Cloud has conquered the analytics landscape. Public and hybrid cloud already account for more than half of applications across almost all data analytics uses, as organizations demand better data management to tackle increasing information complexities. But moving data away from on-premises storage requires effort, so full transition to cloud happens gradually. In the meantime, many organizations take a hybrid approach given their large and growing array of different data sources.
Rapid cloud analytics adoption looks set to continue, but data still needs to be migrated to the cloud for organizations to truly leverage new analytics solutions; as cloud systems are newer, historic data often resides in on-premises storage. However, much data now comes from cloud-based sources, suggesting that cloud platforms are easier to implement and manage. Even in the next two years, businesses plan to lay the foundations for a variety of sophisticated cloud solutions.