Cloud Business Intelligence (BI) refers to the hosting of business intelligence and analytical software applications on a virtual network or connected servers off-site rather than on a local or on-premise computing device such as a PC. Cloud-based BI allows users to consume key business information at any time, on any device, from anywhere in the world. By virtue of being “on the cloud”, the technology leverages the scalability and power of huge data centers, providing more computing power and better uptime performance.
Cloud BI applications provide businesses and organizations with the tools and services they need to analyze a full spectrum of BI-related data such as dashboards, KPIs, metrics and other business analytics.
While the list is growing everyday, cloud BI service offerings have traditionally included:
- Dashboards creation
- Reporting tools
- Extract, transform and load tools
- Data cleansing & data quality tools
- KPI definition and management
These tools have been optimized for web and/or mobile devices resulting in an enhanced user experience. Cloud technologies can be as secure as, if not more secure, than on-premise solutions and can provide the capabilities needed to offset internal resources and/or expertise.
Virtual data room comes is a secure cloud-based document repository, which will enable controlled access to different files for the various parties to a deal.
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