Cloud Computing: 3 steps to buying an analytics solution
January 3, 2015
Grazed from StrategicSourcerer. Author: Editorial Staff.
In the practice of indirect procurement, purchasing software to support various departments and operations is a concern those in charge should take quite seriously. However, the consideration grows much more complex in regard to big data analytics. According to a 2013 report conducted by SNS Research, global investment in data analysis solutions is expected to expand at a compound annual growth rate of 17 percent between 2014 and 2020.
This technology comes in many forms, and iterations are often constructed to befit the needs of certain verticals, such as manufacturing or health care. For instance, a business specializing in qualitative data analysis tools may deliver solutions through cloud computing, a practice known as software-as-a-service. Listed below are three steps procurement officers should follow when surveying big data analytics tools…
1. Determine how operations will expand, contract and change
The average professional would maintain that looking for a solution designed to last a company 10 years is somewhat of a lost cause, but this isn’t necessarily the case. Many enterprises are still using database engines as old as Windows Server 2003, so it’s fair to reason that purchasing software that will last for a decade or longer isn’t necessarily a tall order…
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