There is more and more talk about data and large volumes of data, which are essential in the context of digital transformation and the desire of organizations to perform in business. Ray Wang, an analyst and author, says that “Data is the foundation of digital business. They determine how business models are created, how business models are evaluated and how they can be optimized. ” Ray Wang is the Senior Analyst, Founder and President of Constellation Research, Inc., a company that provides consulting on the business strategy and technology adoption of Global 2000 organizations.
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 Because old BI solutions will slowly be outdated, companies are now starting to consider investments in state-of-the-art solutions that can keep pace with their growth rate and needs.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.
