Most companies today, particularly mid-sized businesses to large enterprises, focus on the use of Big Data to make decisions and to set future development and business goals and strategies. However, working through Big Data effectively to analyze information and make strategic decisions in real-time is a challenge even for big companies with dedicated on-site analytics professionals.
One way for small to mid-sized businesses and even large companies to have a better understanding of data is to move from traditional types of analytics to cloud analytics. This not only streamlines the data collection, analysis, and reporting process, but it also provides real-time information in a way that is simply not possible with in-house analytics programs.
Linking to Your Business ERP Software
When a business is using a cloud based ERP software solution, linking cloud analytics provides seamless access to data from the company as well as from Big Data sources. The use of the cloud based technology to gather data from multiple sources at the same time and integrating it into reporting is invaluable and prevents issues that may be slowing down the process with the use of in-house software and data analytics.
Today, cloud analytics reporting and data is available on any internet connected device. This provides greater flexibility in accessing data that is not just relevant and timely, but that offers accessibility levels that are not possible when using in-house software.
Business decisions can be made with greater accuracy and reliability even when the decision has to be made out of business hours or outside of the network. With top security features and the ability to set up access to various types of information by the user, this is a highly effective way to provide the information required to make decisions at any level within a company.