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As businesses migrate their data and applications to the cloud that it’s also logical for them to include analytics. Cloud analytics refers to cloud-based data analytics or business intelligence. A survey by Teradata found that as many as 83 percent of businesses say that the cloud is is the best place to run analytics.
Most businesses say that within five years that significant portions of their operations will have shifted to the cloud and that they will be doing analytics in the cloud. But 91 percent feel that their progress towards cloud migration is happening too slowly.
The Teradata report found the following reasons businesses give for saying why they hesitate or have been slow to move to the cloud:
- Security – 50%
- Immature Technology – 49%
- Regulatory Compliance – 35%
- Lack of trust – 32%
- Still too focused on keeping legacy apps running – 30%
- Lack of cloud skills – 29%