Cloud analytics describes the application of analytic algorithms in the cloud
The cloud against data in a private or public cloud to then deliver a result of interest. Cloud analytics involves deployment of scalable cloud computing with powerful analytic software to identify patterns in data and to extract new insights.
Businesses rely on data analysis to gain a competitive advantage to advance scientific discovery or to improve life in all sorts of ways. Data analytics has therefore become an increasingly valuable tool as the quantity and the value of data continue to climb.
Cloud Analystics is commonly used in industry applications such as scientific research in genomics or in oil and gas fields, business intelligence, security, Internet of Things (IoT), and many others.
Cloud Analytics has rapidly increased the ease, accessibility, and capability of performing complex data analysis on very large data sets.
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Test genomic data to better understand genetic disease and how to offer cures
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Identify patterns in speech, images and videos in order to improve customer satisfaction and improve customer service
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Study buying behavior to improve product availability and delivery
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Identify patterns of disease reporting to improve availability of medicine and vaccines
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Analyze hybrid cloud infrastructures to improve application performance and optimize IT costs
Companies can spend less money on servers and instead focus on bolstering their staff and product. Thus, cloud drives help smaller companies get into the big data game, allowing start-ups to better compete with larger organizations in their industry.
As clouds become more secure, reliable, and affordable, the use of data analytics in cloud computing will also continue to grow. It would not be unthinkable that soon all of a company’s data could be saved to clouds and accessed anywhere by those in need of the information. Local servers and personal computer hard drives could give rise to all data being stored remotely in data warehouses far from the physical location of a business. While some still shudder at the potential security risks of cloud devices, likely they will become as efficient and secure as any typical drive or server.