Why is Owning an Online Backup Service a Good BI Strategy?

Companies spend thousands to millions of dollars to gather different types of data regarding their product, customers, and employees. All of this raw information can be mined in order to produce usable analytics to support and enhance business decisions. Needless to say, securing this data is paramount.

Saving all general and confidential business records into a single server is not a good idea. A simple mistake, an accident, or a crash can wipe out all these information. Imagine having the business records in a physical server inside the office building, and then having a fire break out, completely destroying everything. There is no way to get the physical data back. And if the company doesn’t have any sort of storage backup, the business will crumble. A Business Intelligence (BI) strategy to avoid this unfortunate event is to use an online backup system to secure the company’s files and records.

online backup

Cloud storage is a relatively old concept enhanced by new technology. The basic idea is to run applications and store files through a third-party provider. Resources are shared to maximize the efficiency of the entire network. What this means for a company is the security that they no longer have to worry about losing important data due to unforeseen events. The cloud can keep all data safe by doing regular, automatic backups. This is a next-generation BI strategy that can ensure the security of the company.

What Makes Cloud Storage a Reliable Solution?

It simplifies the entire process of backing up data. Certain components such as hostnames, directories, and permissions that were needed before to accomplish a backup are now removed in the cloud. The company would need less time and effort to store their data.

This solution is very flexible as well since it is a scalable strategy. What this means is that whenever the users need to change anything, the solution can adapt to it, regardless if it’s an increase or a decrease in size.

Accessibility is also improved through this technology. It allows a user to access the data needed wherever he may be or in whatever computer he is using. The only requirement is to have an internet connection and access details. This is perfect for organizations with people who are always on the go or out visiting client sites.

Overall, the use of this storage solution is also a cheaper option. Less effort is needed to maintain it which means less money spent on people doing the administration to back up the company’s data. It is an easy-to-use, self-service storage, but highly efficient, too. Furthermore, users only pay for certain services and components that they need.

With all of these benefits, it is no wonder why more and more companies are now relying on a cloud online backup system to protect their businesses. It is an added layer of security in order to ensure that they never lose all the important data gathered through the years.

What kind of BI strategy does your company implement with regards to cloud storage? Share your stories below.