Is BI Ready For The Cloud?

On Demand Business Intelligence has picked up traction in the past year as both SMB’s and their larger brethren turn to hosted BI solutions to deploy BI projects faster with less risk  and at lower cost. Initially reserved for analyzing excel files and for small departmental projects, BI in the cloud is now being utilized for extremely large data sets and data warehousing projects.

GoodData is one of the first firms to offer BI in the cloud and just recently won the Amazon Web Services Start-Up Challenge.  GoodData offers standard BI functionality and tools for Analytics, and Dashboard and Report creation but due to its Cloud architecture offers scalability and collaboration ability not available with on premise BI tools.

A few of GoodData’s competitors include SAP Business Objects, Swirrl, and SQLStream. Expect to see more competitors jump into the space as both computing cycle costs come down and as more companies make the transition to the cloud for BI projects.