Cloud Analytics definition & meaning
Cloud analytics is a type of analytics model to gather information from data, which is compiled, categorized, and available in a web browser. Cloud analytics makes it easy to perform complicated data analysis of massive data sets. It uses various tools and algorithms to extract the needed information and translate them into official statistical data which can be used to gain an advantage against competitors, scientific discoveries, or to improve the quality of life.
In most cases, cloud analytics uses artificial intelligence, machine learning, and deep learning to improve performance and allow organizations to make data-driven decisions as fast as possible. Cloud analytics includes various solutions, including data warehouses, on-demand business intelligence, and platform-as-a-service.
Cloud analytics is a SaaS (Software-as-a-Service) model mostly provided as a subscription or pay-per-use method. Cloud analytics includes six elements; the first one is data sources, which can be gathered from social media analytics or website data. Then data models are created to make it meaningful by standardizing data points related to each other. Then this data is processed in data warehouses. With the computing power, data is analyzed, ingested, and structured. The analytic models predict outcomes. Finally, the data is shared with the organization.