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5 Trends that show moving BI to the Cloud is a top priority for Enterprises

By April 5, 2019July 21st, 2021Uncategorized

5 Trends that show moving BI to the Cloud is a top priority for Enterprises
As part of the journey to become an insights-driven business, enterprises need to modernize their BI technologies and architectures. In our recent webinar, How the Cloud will shape the future of Enterprise BI, our guest speaker, Boris Evelson, Vice President and Principal Analyst at Forrester Research, shared some key trends that show how enterprises are leveraging the Cloud to stay ahead of the competition. If you didn’t get a chance to tune in, you could view the recording here.

Moving BI to the Cloud is a top priority for enterprises who want to deploy modern technologies to drive business outcomes. As Boris said, “Migrating your data lakes and BI to the Public Cloud is a matter of when not if.”

As per Forrester’s Global Business Technographics Priorities & Journey Survey, 2018, here are some interesting trends that show how enterprises are leveraging elasticity and agility of the Cloud to drive their digital transformations:

  1. 30% of the organizations going through digital transformation are moving their Enterprise applications to the Cloud
  2. Increased usage of the Cloud is one of the top 5 enterprise technology priorities
  3. More than a third of enterprise data is already stored and processed in the Cloud
  4. Almost one-third of all Big Data plans include Public Cloud services, and 20% of Public Cloud users use BI products as a service in the Cloud
  5. Of all the companies that are using Public Cloud services, 80% have already complemented or replaced Enterprise BI with Cloud services or plan to do so in the next two years

As data volumes in the Cloud increase, it will become necessary for organizations to evaluate new technologies that enable BI in the Cloud with greater elasticity and better performance. As per Forrester survey, companies are increasing the amount of data stored in the Public Cloud. Of the companies who have already moved to the Cloud, 43% are planning to increase their data in the Cloud by 5-10% in the next year, and 21% plan to increase it by more than 10%.

Kyvos can be a partner in this journey to the Cloud. It will help you construct a data stack that takes advantage of the scale that Cloud provides and deal with BI use cases that were unthinkable before. Kyvos builds a modern BI architecture in the Cloud that can deliver quick insights on data at massive scale.

Built natively for the Cloud, Kyvos embeds Cloud technologies in its architecture, enabling ad-hoc analysis and exploration of data at massive scale. It leverages the Cloud for elasticity to optimize resource utilization, deal with peak loads, and deliver cost-effective BI. Our breakthrough technology helps you build a BI Consumption layer in the Cloud that allows your existing BI tools to access massive volumes of data with high performance and unlimited scalability.

If you want to hear our experts discuss the trends that will shape the future of BI, the benefits and challenges of moving BI to the Cloud, and the best practices for implementing BI in the Cloud, watch our webinar recording now.

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To see how Kyvos can help you leverage the Cloud for Big Data BI, request a demo now.

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