As multinational corporations expand around the world, they will find that they have many on site databases that might not be connected. What are some reasons why business data centralization is a good idea? What can you gain by placing all of your data on the cloud?
Business moves at the speed of light with Twitter allowing for people to comment in real-time. If your business wants to compete, it needs to be just as fast. Can you respond to a data report request in real-time?
Let us say that you are running 10 offices each with their own database. If you request last month’s sales figures from all of the offices, how long would it take? How long would it take to run a query on databases that are all on premises?
Of course, it depends on location, time zones and working hours. That is the first benefit of cloud data centralization.
Anywhere Data Access
Your competition might have just revealed a powerful new product and investment bankers want real-time statistics from you. Agile businesses can respond quickly. Cloud computing can provide anywhere and anytime access to your data.
You are no longer restricted by geographical locations on the cloud. You can improve coordination amongst business groups.
Real-Time Query Speed
Let us continue with the previous example. Now, Wall Street analysts want to know how one of your specific product lines compares with a competitor. Of course, your data is spread out in 10 different offices.
Speed is of the essence because it could result in a “BUY” or “SELL” recommendation. With Google BigQuery, you can respond in real-time. This enterprise data warehouse allows you to use the power of Google’s infrastructure to search your data.
Of course, Google is an expert at searching data. When your data is all in one place, you can search all of your product lines and respond with the important statistics in real-time. Wall Street analysts will praise your speed and efficiency.
As your business grows, you might choose to upgrade your product line or register a major change. A common approach is to phase out the older brands for the sake of newer brands. If your data is spread out at many facilities, it can be difficult to run a simple macro to update all the data.
This macro might involve rebranding, discounts or upgrades. A key benefit of cloud computing centralization is functionality. You can make changes quickly across entire product lines. You might think of Apple as an example of rebranding success.
Originally, Apple was able to get its low-cost computers into public schools by giving them away free. Of course, the children would learn on Apple computers and be hooked. But, how could Apple expand?
Steve Jobs emphasized stylish design. Apple would be the king of making cool electronic gadgets that matched your wardrobe. With centralized data, companies can make large changes to data quickly.
The cloud has an abundance of tech application developers. They can create any number of applications to upgrade your data. The cloud is a rich environment on the cutting-edge of technology.
Faster Data Processing
There is a give and take in the modern realm of business. As your company reaches the status of multinational corporation, it suffers from slower processing speeds. One way that you can nullify this loss is to migrate to the cloud.
Centralized business data allows for anyone to access data in real-time, anytime and from anywhere. You can respond to requests for statistics faster.
All your business data at your fingertips
The cloud has a solid foundation of application developers. They can run queries and macros to determine what is going on with your business and where upgrades can be made. Data centralization is a good idea because it improves coordination.
by|: Mark Palmer