Over the past 2-3 years, the topic of Cloud and related services has created a tremendous buzz in the IT industry. Cloud Analytics is one of these services. Cloud analytics means 'Cloud Based Business Analytics'. It is basically a type of cloud services model. In this model, data analysis or and services that are related to it, are performed on a public or private cloud. So, the term 'cloud Analytics' signifies any data analytics or business intelligence process that is implemented in cooperation with the cloud service provider.
Cloud analytics solutions and services are delivered through certain cloud models. For instance:- hosted data warehouses, SaaS BI (business intelligence) & social media analytic products.
Marketsandmarkets has recently conducted a study on cloud analytics market. The study reports that the global Cloud Analytics market is
expected to grow from $5.25 billion in 2013 to $16.52 billion by 2018, at an
estimated CAGR of 25.8% during this forecast period. This surely replicates a good scope of growth in this market. For more information about the market :-
http://www.allvoices.com/contributed-news/16650182-cloud-analytics-market-worth-1652-billion-by-2018 |
| (source:- janbrass) |
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