Theory: Business Intelligence

Cloud BI Applications:

• Can access data from wherever there is a reliable internet connection.
• Are accessible on multiple devices and web browsers.
• Tend to be easier for end-users to operate and set up, which means reduced IT involvement and costs.
• Can be quickly deployed, since they require no additional hardware or software installations.
• Can be rapidly scaled when the number of users is increased.

Advantages of Cloud Computing for Small Businesses

1. Increased Cost Savings - Cloud computing is an affordable alternative to buying and maintaining your own small business servers. The cost of running your own server is expensive which does not include the cost of buying the software, repairs, and hiring employees to maintain the server.

2. Greater Flexibility - Cloud computing gives small businesses the ability to scale their resources up or down as needed, without having to make a long-term investment. This can be particularly helpful for small businesses looking to expand without making major financial commitments.

3. Enhanced Security - Security is a top priority for cloud computing providers. They invest heavily in security, which can give small businesses access to enterprise-level security that would be cost-prohibitive to implement on their own. Cloud computing also has multiple layers of security (such as passwords, firewalls, encryption, and multifactor authentication), making it more difficult for hackers to access your data. Cloud-based software is also updated automatically, meaning small businesses always have the latest version. Automatic updates keep security strong; help reduce IT costs and increase efficiency.

4. Improved Efficiency - One of the most competitive advantages of cloud computing is its effect on efficiency. With cloud computing, small businesses can improve their collaboration and productivity. Cloud-based tools make it easy for employees to share documents and work on projects together in real time, no matter where they are located. This can help improve communication and collaboration within your small business.

5. Data Recovery - Data breaches, natural disasters, or human error—cloud providers are well equipped to protect and restore your data. With cloud backup and disaster recovery, your data is stored off-site and can be quickly restored in the event of an outage or disaster. Quickly recovering your data can help reduce downtime and keep your small business running smoothly.