The term cloud computing includes the availability of virtual resources such as storage space, computing capacity, software, development environments etc.
Business Intelligence (BI) is regarded as an important driving force for the modernization of the IT infrastructure and for the use of cloud services. It concerns the collection of company-relevant data from different sources (data warehouse) as well as their systematic evaluation and presentation in real-time.
The aim is to gain insights from the collected data, which should support the enforcement of business decisions. Hereby, not only the data of the own company (sales figures, product and turnover developments etc.) is analyzed, but also information about competitors and the market development.
In business intelligence, analytical concepts are used with the help of special software, IT infrastructures, and their interfaces. The gained insights support the optimization of business processes and can make customer relationships more successful. In the end, BI promotes the overall value of the company, reduces business risks and reduces costs through automatized processes.
Medium-sized companies are increasingly confronted with scenarios in which fast decisions require solid information. The crux of the matter is the massive growth in data volumes and the diversity of business data, the volume of which easily exceeds the terabyte limit. That is why conventional in-house data centers quickly reach their limits.
The use of data originating from ERP systems has always been at the forefront of business decisions. This circumstance promoted the introduction of BI systems in medium-sized and large companies. Important reasons were and still are missing reporting-tools as well as interfaces to external data sources. High occupancy rates due to storage-intensive analysis often pushed traditional IT-infrastructures to their limits. Furthermore, compiled reports and analysis findings could only be made available to a limited number of experts.
According to the market research company Gartner, the use of business intelligence software has seen a significant trend reversal since around 2016. By shifting BI-systems to the cloud, resources can be used much more effectively. New highly available, secure and scalable BI-services lead to reports that enable non-IT experts to gain insights and conclusions about the company. Furthermore, the reports in the cloud can be made available to significantly more employees, thus promoting collaboration on the basis of the gained knowledge.
By shifting business intelligence systems to the cloud, company data is always available in real-time. A major advantage of cloud-BI-systems is their scalability, which is an important issue especially with the large amounts of data associated with “big data”. In addition, the trend towards cloud-based business intelligence enables mobile access to BI-reporting tools, making company information available anywhere and at any time. Therefore, the cloud optimizes cross-departmental and cross-company cooperation and leads to transparency in the company.
DRACOON is a German cloud service for companies. With the software you can securely store, manage and send all your company data. DRACOON's universal API gives you many options for expanding your existing systems without creating new isolated solutions. More than 130 available connection options, e.g. for business intelligence software, provide the perfect communication basis—DRACOON is always your central data storage in the background.
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