Cloud Analytics

Cloud analytics is principally a cloud-enabled solution that allows an association or individual to accomplish business analysis or intelligence procedures. These keys and services are delivered through cloud models, such as hosted data warehouses, SaaS business intelligence (BI) and social media analytic products motorized by the cloud. Cloud analytics services toil like a typical data analytics service, providing similar features and abilities. The only alteration is that cloud analytics assimilates some or all of the service models of cloud computing in delivering that solution.

Although cloud analytics is mostly a SaaS-based solution, it can also be a hybrid cloud solution. For example, hosted or cloud data warehouses not only deliver the infrastructure to store massive amounts of data, but they also let data analytics/business intelligence software to retrieve valuable information when and where it is required. Moreover, some solutions also may be delivered through Platform as a Service (PaaS), where the end users/organization can create proprietary data analytics software to run on the cloud storage infrastructure.

Check out what industry experts are saying about the cloudy future for analytics

Cloud analytics market is expected to grow from $7.5 Billion in 2015 to $23.1 Billion in 2020 at a CAGR of 25.1% during the forecast period

According to a report entitled 'Global Cloud Analytics Market 2015-2019' by ReportsnReports.com, the market is expected to post a CAGR of 26.29% over the next four years

According to a report commissioned by SAP, IDC expects that over the next five years, the cloud business analytics portion of the worldwide software market will grow five times faster than similar on-premises solutions

As reported by ComputerWeekly, another leading analyst firm expects the majority of new analytics licensing buying to be for cloud deployments by 2020

As the cloud, mobility and big data analytics strike to offspring a wealth of digital revolution possibilities, IoT represents the cutting edge of innovation, generating new products and services for business now a days.

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