Opportunities for Cloud Management/Analytics
Cloud computing applied, with the combination of data analytics, is becoming a rapidly emerging sector in IT business strategy. As businesses are converting or transitioning to merge their database systems to cloud systems, IT managers need to address certain strategic needs when creating a plan to approach cloud transitions. When making any purchasing decisions, these managers need to assess the overall goals of their business and align it with the budget. It is often difficult to improve service quality without understanding if there is a need for more infrastructure or for more management of the infrastructures. By applying data analytics to cloud computing, an innovative solution exists that enables businesses to optimize, project, and optimize cloud costs, resulting in accurate budgets targets.
Overall there are 2 uses of cloud analytics technology:
- Analyze – To thoroughly comprehend a business’s use of cloud storage and costs, data must be analyzed. Using cloud analytics, businesses can visualize trends over months or years of data. Further analysis and exploration breaks down each individual cost (by user, size, application, cloud, etc). Companies with cloud accounts all have instances where they are paying for extra space they are not using. However, using cloud analytics, these situations are easily recognizable and once the problems are identified, these unnecessary costs can be eliminated.
- Forecast – Cloud analytics uses data usage information to help forecast future cloud adjustments. Based on certain business expectations and past performance, the data can show if a company needs to make certain seasonal or quarterly adjustments to its cloud usage – examples are a product launch, or a sharp increase in sales. In these situations, the company can get an accurate depiction on cloud expenditure. The data can also be used for alternative situations to test certain what-if scenarios.
Integrating cloud data technology and data analysis will highly complement IT business strategy decisions. It will optimize the use of a business’s cloud space and help forecast further usage. Furthermore, businesses will have the opportunity to evaluate certain purchasing options and find opportunities in adjusting cloud usage to maximize efficiency.
Paul Chang is an Analytics Intern at Consultants 2 Go.