Project Deliverable 4: Analytics, Interfaces, and Cloud Technology
Analytics, Interfaces, and Cloud Technology
What is Business Analytics?
Business analytics (BA) is a method combining skills, technologies, applications, and processes that is used by the company to gain valuable insight on the processes of the business by collecting statistical data. BA is used by the company to improve the business decisions and can be used to automate and optimize the business processes. A data driven company, such as SMB Computation treats their data as a corporate asset and uses it to gain a competitive advantage. For business analytics to be successful, skilled analysts who recognize the technologies and the companies, organizational guarantee to the data-driven decision-making must collect quality data (Rouse, 2010).
As soon as the company’s goals of the analysis are decided, an analysis procedure will be selected to support the company’s analysis goals. Collecting data from multiple business systems and filtering through the data, then integrating them into a single place such as a data warehouse is usually the case with data analysis. As the data is analyzed patterns and relationships within the data will be uncovered, which in turn will bring forth more questions to be asks and the analytic process will continue until the company’s goals are met (Rouse, 2010).
Business analytics and business intelligence are often used as the same term, but there are a few differences between the two. While business intelligence will ask the questions of what happened, when it happened, who was involved, and how many, business analytics would ask questions like, why did it happen, will it happen again, what will happen if (X) is changed, what else does the data tell us that we didn’t think to ask (Rouse, 2010).
Business analytics has been growing popular within business intelligence application vendors and they are now including a lot of the BA functionality within their products. Data warehouse vendors also began to see the importance of BA and has started to embed the functionality within their services as well. Business analytics give businesses the ability to look at their past achievements and performance as well as set up new expectations and performance goals (Rouse, 2010).
What is Cloud Technology?
Cloud technology is the means where software, information, and other resources are shared by electronic devices via the Internet. Over the past 10 years, business applications have been moving to the cloud away from the traditional software models.
Cloud technology compromises of Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Hardware as a Service (HaaS), Software as a Service (SaaS), and Analytics as a Service (AaaS). Also included within cloud technology is the service of renting a server or multiple servers and a running geographical modeling application that is available anywhere. Users are also able to rent out virtual servers that...