Cloud-Based Analytics for Small Businesses

 


    As we progress in a fast-moving world of business, we must accept the fact that the amount of data is greatly increasing each day. It varies from type to type of data in terms of what it is, what it is used for, is it statistical or informative and could be overwhelming when presented with just raw data. Analytics allows for these types of data to be transformed into simple to understand numbers, graphs and charts to allow for quick and simple understanding of what is happening within the business in terms of sales, stock or other.

    For the purposes of this topic, I will only focus on the cloud-based analytics. The foundations for it are simple, the infrastructure is already existing somewhere in the world. By buying a license we are simply renting the physical infrastructure. With the purchase of a license, the business normally gets many more benefits included in the package such as online technical support, updates, error and bug patches.

    For a small business, this is the only feasible way to acquire processing of big data, as it is much cheaper than any other options, and the business that you would buy the license from would have years of experience in dealing with the industry. Such systems give an incredible advantage to the businesses using it as they can make effective decisions and increase their competitive advantage. Cloud analytics are usually associated with Artificial Intelligence (AI), therefore when it comes to pure calculations and data, AI has an advantage of being able to generate results with the use of data at incredible speed.


What are your thoughts on cloud-based analytics, have you used it and what are your insights?

Thank you for reading.


Comments

Post a Comment

Popular posts from this blog

South-East of Ireland, a good place to invest for a tech firm?

Image
       There seems to be great deal of support for companies relocating or expanding into South-East of Ireland. There is no one defining factor for this phenomenon, but rather a basket of advantages over Dublin, the capital of Ireland and by far the biggest city in the country by population and economic size. South-East has been called a fastest growing economy in Europe, not just Ireland. I believe that the region is incredibly benefiting from the fact that it is expanding its the educational foothold, by combining Carlow and Waterford Institutes of Technology to form a university with multiple campuses in the region. Upon writing this blog, I have dived more into the history of the region and future developments, primarily “ South-East Regional Enterprise Plan to 2024 ” which began in 2022. The plan seeks to drive innovation, green growth and more. Waterford seems to be one of the key destinations for businesses to go to, and this is not for just technological co...
Read more

Cybersecurity for Small Businesses

Image
     For any small business, reputation and trust with the local community is everything, that is the foundation on which the business was built in the first place. If this is compromised at any stage, it is incredibly difficult to recover. Any cyber-attack on a business can be devastating, especially if it is a small business, as they might not have the staff or capital to protect themselves with. Businesses that fall to victim to such attacks most often fail soon post the attack. The criminals involved in such attacks are often interested in sensitive information, primarily bank details, customer details, pricing strategies, product designs and processes.      Some key tips to protect your business from such attacks are to keep your antivirus software always updated, making sure that regular scans are performed and important files backed up regularly. Passwords are essential on every device today, ensuring that a strong password policy in the business i...
Read more

Introduction

Image
     Hello reader, my name is Aurimas , I am a 22-year old student in South-East Technological University ( SETU ) on Waterford campus in Ireland. The purpose of this first blog is for me to introduce myself to the audience. Over the coming two months I will be posting discussions on a weekly basis with topics related to small business, which I hope will spark a discussion among the readers and will help me engage with you.      I am in my last year of studies at SETU, last year I decided to specialise in management and went on to do my work experience in retail management. The work placement I took upon myself lasted over 5 months commencing in January of 2024, after which I stayed in the same role during the next 3 months over the summer as a supervisor. I have enjoyed the work and learned an incredible amount of skills in IT, people and department management, and gained a great basket of knowledge to use in the future after the completion of my course an...
Read more