According to a Harvard Business Review report, 32% of businesses use cloud applications to improve business agility. Simple, flexible, easy-to-use tools are here to stay and provide a host of benefits to you and your business.
Enabling your cloud applications with analytics provides benefits to your business agility. By embedding a business intelligence (BI) tool into your cloud applications, you can begin harnessing the power of your data.
Forrester’s 2015 Global Cloud BI Platforms Customer Reference Survey echoed the same opinion among businesses using cloud analytics. Of course business agility tops the list here too, but many factors that precede it highlight why it is also important to empower your cloud applications with analytics. We found that 5 of those reasons hit the nail on the head as to why businesses choose to enable analytics in their cloud apps:
- Provide new functionality for your apps
- Speedy implementation and deployment
- Flexibility and control
- Save money, time, and effort
- Improved resource allocation
Cloud computing is only growing…
Cisco’s latest Global Cloud Index estimates that by 2019, 86% of workloads will be handled by cloud data centers and 59% of cloud workloads will be SaaS applications (up from 45% in 2014). Cloud certainly seems to be the future for technology and enabling your cloud apps with analytics paves the way for the best return-on-investment.
Let’s read on to find out why…
1. Provide new functionality for your apps
When deciding to enable cloud applications with analytics– providing new functionality is king. BI tools offer a wide range of analytics capabilities that can be embedded within cloud applications. These can enable your users with reporting and data discovery tools to derive insights for better decision making. These tools can also empower users to gain better insights whether it is improving employee productivity or enabling reporting for your customers. Cloud applications with an embedded BI solution provide analytics to your users without the need for them to install any separate packages.
You can connect to your cloud application and start getting to work right away. Implementation times are faster when embedding a BI tool that is geared for cloud applications, such as support for single sign-on and multi-tenancy.
A powerful multi-tenant BI tool is versatile in deployment. They can deploy on a host of cloud environments– private, public, hybrid or on-premises that host your cloud apps. This flexible deployment model allows you to adapt to changes in your business environment and stay on the right track.
3. Flexibility and control
A powerful embeddable BI tool for cloud analytics is flexible with a wide range of options such as deployment model, elasticity, and availability. As mentioned before, good analytical tools offer deployment capabilities for all cloud models. However, there are the other benefits…
Elasticity provides a scalable architecture to meet your demands. With the ever changing business landscape, requirements change all the time. Elasticity allows you to scale up and down based on your changing requirements. Embedded analytic offerings are readily available in many formats. Web reporting is available to your users anywhere– even for remote work.
A good cloud analytics tool offers multi-tenancy for the best control. Multi-tenancy allows your administrator to manage all of your application’s resources, security, users, etc. to fit your goals. It acts as a central control unit for everything your application may offer.
4. Save money, time, and effort
This one is pretty simple– you save money. Part of the definition of business agility is efficiency. Saving on costs with a high-value solution will improve your ROI. Embedded BI solutions with cloud in mind offer flexible licensing models such as subscription-based or fixed-fee royalty agreements. You can quickly scale the solution to fit your demands at the right price point. Go with a cloud compatible embedded analytics vendor that will work with you to find the right licensing model that fits your business needs to maximize your ROI.
5. Improved resource allocation
We’ve just established many reasons to enable your cloud applications with analytics– but, I am sure we can squeeze more ROI. Cloud applications provide flexibility and reduced workload for you to focus on the core capabilities of your tool. You can focus more importance on the core capabilities of your app by embedding a reporting tool while advancing your app with all the benefits mentioned above. Since you are not bogged down with things like slow deployment times, you can allocate resources to more important projects for your business.