Cloud Computing and Predictive Analytics: Midsize Concerns

October 25, 2013 Off By David
Object Storage

Grazed from Midsize Insider. Author: Marissa Tejada.

The combination of cloud computing and predictive analytics is helping businesses make better business decisions. However, security concerns remain. A new survey featured in Information Management analyzed the combination of the two technologies and how firms are utilizing them. As midsize firms consider big data in the cloud, security will continue to be the top concern.

Analytic Services

The research by Decision Management Solutions, as reported in Smart Data Collective, referred to three types of cloud-based analytic services: decisions as a service, cloud-based modeling and cloud-based model deployment. According to the findings collected, about two-thirds of firms have already utilized one of the three types of services. The large majority — 90 percent — will deploy another service in the next few years…

Other trends in comparison to previous findings show that firms are less worried about complexity — they have regulatory concerns instead. As for the deluge of data, firms believe that structured data is very important but also recognize the untapped potential in unstructured, sensor, social media, image, video, and voice data in the next few years…

Read more from the source @ http://midsizeinsider.com/en-us/article/cloud-computing-and-predictive-analytics