What is one advantage of cloud-based analytics?

One key advantage of cloud-based analytics is cost-effectiveness. By utilizing cloud solutions, organizations can significantly reduce their IT infrastructure costs. Instead of investing in expensive hardware and ongoing maintenance, companies often pay a subscription fee for cloud services, which allows them to scale up or down based on their needs. This flexibility means that businesses can avoid large upfront investments and only pay for the resources they actually use.

Additionally, cloud-based analytics can reduce the cost associated with data storage and processing because providers typically offer a pay-as-you-go model. This not only stretches the budget further but also allows organizations to allocate funds towards other strategic initiatives rather than ongoing maintenance and upgrade costs associated with on-premises solutions. Such financial flexibility makes cloud-based analytics a highly attractive option for many businesses, especially those with tighter budgets or who prioritize agility and scalability in their operations.