The cloud has fundamentally changed how businesses operate. Traditionally, businesses would have to invest in hardware and software to create their own IT infrastructure. This would include servers, routers, switches, storage, and licenses for software. Employees would then be trained on how to use this infrastructure. In the cloud, businesses can outsource all of this to a service provider. The provider will host and manage the infrastructure, and the business can access it remotely via the internet. This allows businesses to focus on their core competencies and outsource the rest.
There are many services that can now be rendered via the cloud, including cloud reporting. Keep reading to learn more about what is cloud reporting and how it can benefit your business.
What is cloud reporting?
Cloud reporting is a business intelligence (BI) tool that allows users to view and analyze data stored in the cloud. Cloud reporting tools can connect to a variety of data sources, including cloud-based applications, social media platforms, and enterprise databases. They allow users to create reports and dashboards, which can be accessed from any device with an internet connection.
Cloud reporting tools are typically subscription services that charge per user or per report. They offer a wide range of features, such as the ability to share reports with others, schedule reports to run automatically, and embed charts and graphs into webpages. Some cloud reporting tools also include machine learning capabilities that can automatically detect patterns in data and suggest insights.
What are the benefits of cloud reporting?
When it comes to making critical business decisions, data is key. The more reliable and accurate data you have, the better equipped you are to make informed choices. This is why cloud-based reporting is so valuable. Cloud reporting allows you to access data from any device, anywhere. Whether you're on your desktop at work, your laptop on the go, or your phone in line at the grocery store, you can pull up your company's reports whenever you need them. This mobility is a huge advantage, especially when it comes to making decisions in real time. With cloud reporting, you can get the most up-to-date information and act on it immediately.
Another benefit of cloud reporting is its scalability. As your business grows, your reporting needs will grow with it. With cloud reporting, you can easily add more users and more data to your system without having to purchase new software or hardware. And finally, cloud reporting is cost-effective. There is no need to purchase and install software or hardware, and you can access your reports from anywhere. This means that you can save money on IT costs while still getting the reporting you need.
How does cloud BI differ from traditional BI?
Cloud BI is a newer term for business intelligence that has been delivered as a service over the internet. It can be contrasted with traditional BI, which generally refers to software that is installed on-premises in an organization's data center. With cloud BI, users access reports and dashboards through a web browser, rather than installing software on their workstations. This makes it possible for them to use BI tools from any computer or mobile device with an internet connection.
Another advantage of cloud BI is that it allows organizations to take advantage of the latest features and enhancements without having to wait for a new release of the software. Updates are typically made on a regular basis, so users always have access to the latest features and functionality. Additionally, because the data is stored in the cloud, there is no need for companies to invest in hardware or infrastructure upgrades. This can save them money and make it easier to get started with BI since there is no need for complex implementations or IT support.
Overall, cloud reporting is a critical function for businesses, as it allows them to manage and monitor their performance through a secure and efficient platform.
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