These days, everyone’s talking about business agility. Wikipedia defines it as the ability of a business to adapt rapidly and cost-efficiently in response to changes in the business environment. Leading organizations realize that in a volatile business environment, the capacity to be agile determines whether the company will be able to survive and thrive in the market. Cloud computing has become a major driver of business agility, enabling IT resources to be scaled up or down in an automated way at a moment’s notice in response to internal or external requirements and to save money when resources aren’t in demand. Business intelligence is also a driver of business agility, giving decision-makers massive insight into company data and the ability to quickly make predictions and decisions that influence performance.
The combination of these technologies in the form of cloud BI is becoming quite popular. A survey from TechTarget in 2013 revealed that one-third of companies have cloud components in their BI program. The companies adopting cloud BI are driven by 4 things: reduced cost, flexibility, speed of implementation, and reduced maintenance of hardware/software. Let’s examine these drivers in more detail:
1. Reduced Cost
While many hosted BI solutions offer cloud BI licensing as an option, many cloud BI solutions are SaaS (software as a service) solutions – applications that are hosted outside of your company and accessed by users via the internet…