The adoption rate of cloud solutions is increasing year by year, and this strategy is not seen as a luxury, but as a necessity for companies that want to remain competitive and differentiate themselves from others.
According to a study conducted by BARC in 2018, cloud technology has the biggest impact on Business Intelligence solutions, followed by Big Data, AI and IoT. Because old BI solutions will slowly be outdated, companies are now starting to consider investments in state-of-the-art solutions that can keep pace with their growth rate and needs. BI solutions in the cloud are endowed with attributes such as flexibility and agility, which makes them cope perfectly with changes.
According to the same study, 78% of responding companies said they plan to invest in cloud solutions in the next 12 months. This will reduce the volume of investments in costly hardware solutions, which will become obsolete rather quickly, given the speed of technological development and the increasing volume of data, but will be difficult to replace.
Cloud technology comes in response to all these challenges. As an organization weighs whether or not cloud technology is right for them, here are some of the benefits to consider:
- Short implementation time: get the Business Intelligence solution faster than ever
- Scalability: Scaling data and users as needed, without compromise
- Flexibility: adapting to changing business requirements
- Security: data security at all levels, plus compliance and certificates
- TCO: cost savings through cloud migration
SocrateBI is a state-of-the-art business intelligence solution for companies of any size who want to have an integrated reporting, analysis and notification system. SocrateBI (Business Intelligence) was developed based on platform no. 1 by Business Intelligence in the world, MicroStrategy. More than one million users worldwide and thousands of companies from all industries use the MicroStrategy business platform every day for better decisions. SocrateBI can be used in the cloud based on an annual subscription.
For more details on the functionality and benefits of SocrateBI for your business, we invite you to set up a meeting with one of the BITSoftware specialists.