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Future of data analytics using cloud data acquisition

December 25, 2020

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The seamless bond between cloud and data analytics

In the past few years, the market for data analytics has changed drastically. This change has led to the identification of newer algorithms with bigger and more complicated datasets. These datasets are used exhaustively by a group of practitioners and people. With the sophistication of dataset algorithms growing in leaps and bounds, we are nearly five decades into this journey. However, the need for limitless computational powers and data storage is higher now than ever! This is why many new development tools are designed and improved to suit the need for greater scalability. The future of data analytics relies strongly on cloud infrastructure. 

The current data analytics strategy focuses on more advanced and complicated analysis methods.
These methods should be applied in a responsive fashion. The analytics part is all about creating the right insight and offering the best answer to your questions. This is what businesses are looking for from their data analytics systems. When businesses are able to achieve this, they will be able to deliver better outcomes at a faster pace to their potential clients. The most contemporary methods for data analytics would be machine learning. These techniques are highly useful in handling diverse datasets. However, machine learning does not have strong dependencies on its operator. This means, gaining insight with real-time data is no longer a challenge. As soon as the data arrives, you will be able to discover it and come up with conclusions. 

Why companies need real-time data

First of all, it is important to understand that corporate data demands have all been less onerous. Most of the time, companies need to record and make use of their data. When data has to be leveraged, it becomes a bigger issue. This time, the issue is more focused on veracity. And, the veracity of data cannot be tackled by machine learning methods alone. This is why you need a quality system that can feed good data. With more data management and quality management efforts, the requirements are vague. In fact, in some organizations, there is no requirement for data management. This means, data is created and used without a system. Meanwhile, the tools and technologies utilized for data analytics are strongly commoditized. This is one of the biggest challenges faced by companies around the world. When a business decides to engage in a data-centric way of work and culture, it is important for them to have adequate datasets. When relevant data is not available, or if data is riddled with many quality concerns – it will not be useful for the venture. In such cases, you need to focus on the future and improvise. 

The bond between cloud and data analytics

Now, let’s understand what cloud technology has in store for data analytics. When the data analytics capabilities of a company are terribly slow, the process of using them can be frustrating. The primary reason behind this slowness would be the limitations in the core infrastructure that handles data. This situation is quite common in firms that have developed because of acquisitions. Time after time, this can result in fragmented cultures, teams and technology. 

The best way to handle this problem in data analytics is with the help of the cloud. Cloud is capable of providing the data infrastructure that tackles all kinds of scalability issues. Now, you have data analytics which is offered in a software as a service. According to the cloud, the latest tools can be used without the burden of patching or maintenance. Meanwhile, conventional database developers can develop various machine learning models. These models can be developed without any knowledge at all! This makes the technology a true hit amongst businesses.

A renowned director at Google reveals that cloud is going to be the future of data analytics. People who have the correct workflow and clearance will be able to apply complicated and advanced analytic methods into their business. This way, business problems can be tackled without any hassles or tussles. 

In order to introduce a new technical ability into the existing workflow, the transformation has to be planned. With the presence of bigger and better infrastructure, it is important for algorithms to be improved periodically. And, cloud providers are expected to work on related technologies. This includes technologies like security and live streaming. In addition to data analytics, businesses are also advised to take care of regulatory or control compliance factors of data.

Challenges in Cloud Data Acquisition and Data Analytics

One of the biggest and most prominent challenges would be around the way big data gets handled. And, big data is always a major effort. When you decide to combine cloud into your data analytics methods, this effort doesn’t become any easier. The only place where things become easier would be the fact that you don’t need manual compilation, analysis and collection of data. These make the entire process less tedious! 

Next, would be the method of data extraction. Big data needs “data”. And, this data comes from marketing, clickstream data, inventory sources, sales methods and call centres. These are huge networks of data. Most of these networks have improved their technologies to the cloud, over servers. And, companies rely on these cloud systems for quick analysis and refinement of data. There are user-friendly Big data interfaces. However, not all of these tools are easy to master. You need a team of skilled engineers who can use these tools to support your business. This means cloud and data is likely to introduce a variety of technologies, software programs and servers into your business. It may appear like scalability and flexibility to start with, however, the cost will be high in the beginning. This is something small business owners find it difficult to comprehend. 

Finally, the part of governance introduces new challenges into this field. Every piece of information stored in the cloud has to be protected. It becomes even more crucial if you have customer data. And, governance is never an easy process. It needs professionals, attorneys and customer consent. 


By  yalgaar team   |  December 25, 2020 << Back