The world of enterprise intelligence (BI) has all the time advanced quickly. However as organizations more and more flip to the cloud, BI platforms have a singular alternative to really change how knowledge is gathered and analyzed.
The cloud’s implications on this extra trendy form of BI can’t be understated. With conventional BI, knowledge was hardware-bound and troublesome to dump into digestible and usable codecs. However with the cloud, knowledge is extra readily accessible, irrespective of the place it lives, opening the door to a framework that is setting organizations aside from their friends: Fashionable BI for All™.
Conventional BI vs. trendy BI
BI-platform suppliers have lengthy targeted on delivering simply digestible and actionable insights. However that doesn’t imply they’ve overwhelmingly succeeded on these fronts.
Within the conventional—or legacy—BI area, we’ve spent far an excessive amount of time making an attempt to entry knowledge, in order that by the point we had it and began analyzing it, we have been pressured into reactive decision-making. (In different phrases, we have been analyzing data that was already within the rearview mirror—and hoping our predictions would ring true.)
The cloud, nonetheless, has essentially shifted that course of. With easy accessibility to knowledge, we are able to now be proactive in our decision-making, as a result of we are able to see what’s taking place in our companies in real-time. What’s extra, we’re now not targeted on making an attempt to reply questions we pose to a BI system. With trendy BI powered by the cloud, we are able to reply questions and deal with points earlier than they even come up.
The key ingredient
The key ingredient in at present’s cloud-powered, trendy BI recipe is the power for us to simply entry any dataset. No matter whether or not corporations are presently utilizing cloud options or have their personal datasets, the cloud permits them to simply entry knowledge that lives wherever—and simply mix all that data in a single place (the cloud), the place it may be helpful.
It’s a seismic shift in how BI purposes function. As soon as upon a time, it was exceedingly troublesome to dump knowledge from the multitude of platforms by which it was residing. We would wish to entry a wide range of {hardware} and software program platforms, decide easy methods to offload knowledge, after which see if we might really do it. The method was lengthy, and it was fraught with issues.
The cloud has unleashed new potential for offloading and accessing knowledge. And because of cloud-powered options like Domo, there’s no sort—or quantity—of information we are able to’t entry and analyze. In truth, with Domo, organizations can not solely simply crunch knowledge to create insights, however they’ll simply visualize knowledge and get actionable insights—with out having to pester the IT division for assist, as well.
Much more promising is the truth that a contemporary BI platform paves the way in which to the subsequent frontier: a future by which unfettered entry to knowledge creates new alternatives for us to make use of knowledge in methods we by no means dreamed of.
Attending to ‘true SaaS’
When implementing trendy BI options, it’s necessary to think about the implications of what the “cloud” actually means. Too typically, corporations are hobbled by BI instruments that dwell within the cloud however aren’t absolutely managed software program as a service (SaaS). What’s extra, they not solely should be put in inside your cloud atmosphere, however they power you to handle the clusters, servers, and capability by yourself—and pay for it.
That association creates undue stress on the BI professionals answerable for the platform. In spite of everything, are you actually positive that your servers and clusters can deal with the facility necessities your BI resolution is demanding? In all probability not.
That’s why a real SaaS resolution is preferable within the trendy BI area. By merely offloading all server necessities to their cloud BI supplier, corporations don’t want to fret about having sufficient “juice,” nor do they should expertise the headache of managing upgrades and capability.
Wanting forward
It’s an thrilling time for BI. Due to the cloud and Domo—creator of the world’s first enterprise cloud—we now have unfettered entry to limitless knowledge, no matter the place it’s residing, and might really scale knowledge entry and analytics.
Subsequently, for corporations which can be prepared to embrace what cloud-powered, trendy BI can ship, the street forward seems to be promising. With trendy BI’s assist, they’ll construct a brand new basis for understanding their enterprise, and proactively act on the insights they collect.
That’s why Domo is so targeted on trendy BI; it has the potential to create dramatic and necessary adjustments. Which is why there’s little doubt that the earlier we are able to get to a spot the place trendy BI is the default, the sooner our world can be comprised of extra insightful and impactful corporations.
Be taught extra in regards to the Domo Enterprise Cloud® so you may start leveraging the facility of the cloud and Fashionable BI for All now.
