The advantages of business intelligence on cloud computing platforms include increased mobility, a decrease in the use of physical storage and greater business flexibility. Cloud computing uses innovative technology designed to help businesses run more effectively, which includes a heightened use of sturdy applications without the need for additional hardware. This further translates into the ability to provide faster customer service, greater international communication and may even decrease the amount of time needed to make important business decisions. Business intelligence on cloud platforms also allows business owners, employees clients and prospective clients greater and faster access to important information.
Business intelligence, also simply referred to as BI, is consistently improved upon as new technology is developed and released. By using a cloud platform for information storage as well as specialized computing, business owners and employees do not have to be tethered to a single location, but are able to access data from virtually anywhere in the world. Business intelligence on cloud platforms therefore creates greater options for collaboration while reducing travel time for meetings and document deliveries.
Cloud computing further reduces the need for purchasing new or updated hardware in order to store important business data. By utilizing business intelligence on cloud platforms, businesses can store entire databases on virtual platforms. BI and cloud computing may also be combined to increase information security as stored data can be regularly backed up and is better protected from fire, flood or physical theft.
As many cloud platforms supply business and personal users with personalized support, troubleshooting is often performed remotely. Often, this means that downtime is reduced when security threats are detected or when other data glitches occur. Many of these problems can be recognized and remotely dealt with immediately without need of a technician or specialist visiting a physical location to address computing issues or to recover sensitive information.
Increased and faster access to business intelligence on cloud platforms means that decisions can be made faster and clients can be serviced more efficiently. As BI helps to streamline entire business processes, cloud computing supports that effort by allowing access from mobile and portable devices, as well as desktop computing devices. Access to records, forms and other information is made more easily accessible to those who need it at virtually any time of the day or night. By utilizing business intelligence on cloud computing platforms, international partnerships and client relationships are also streamlined.