Big Data-Oriented Cloud Projects Improve Bottom Line

September 5th, 2013 by - 5,251 views

In the past several years, the cloud computing landscape has grown exponentially as decision-makers throughout the business world deploy the tools to experience a broad range of benefits. Although the cloud promises to eliminate unnecessary costs and optimize performance, executives may sometimes launch the technology with too broad a scope, reducing its final impact.

Big data-oriented cloud projects improve bottom line

Big Data-oriented cloud projects improve bottom line

Gartner recently highlighted how companies should address this problem by implementing the cloud to alleviate specific issues. Rather than deploying cloud services to improve operations across multiple departments, decision-makers should approach the managed services with a specific target in mind because doing so will likely open up more doors and improve bottom-line functionality.

Analysts noted that 80 percent of enterprises intend to leverage the cloud in some way within the next 12 months.

“Cloud computing is set to have a considerable impact on business in the future which is reflected in the survey finding that around 60 percent of organizations plan increased investment over the next two years to five years, while only 6 percent plan to decrease investments in cloud services,” said Gregor Petri, research director at Gartner.

Although there are many roads decision-makers can take when approaching the cloud, following the one that leads to more effective use of Big Data will have one of the most substantial returns.

The Big Data phenomenon
A recent InformationWeek report highlighted how many enterprises are attempting to address Big Data initiatives but often fail in their attempts due to their inability to develop proper governance and management plans. Other executives said their data analysis processes are “abacus-like,” which means that if those procedures are not directly connected to finances or accounting, no one really cares.

Overcoming this mentality will take training and awareness programs, but will be significantly important in the long run. If enterprises implement the cloud to improve their financial earnings with their Big Data projects, for example, they’ll likely see substantial improvements in the bottom line and experience more investment freedom, allowing decision-makers to pursue other mission-critical objectives.

InformationWeek highlighted how Big Data and predictive analytics are the future of IT, primarily because these projects will provide executives with greater insight into what they can do to improve enterprise functionality. The inherent scalability and easy management characteristics of the cloud can help organizations address the Big Data phenomenon without being overwhelmed by financial or operational concerns.

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