Business needs the right data to operate profitably, but as business generates more and more data the problem of organizing and digesting the information created is daunting.
Then there’s the expense of needing an IT department or expanding the one already there. A new server, extra people and resources taken away from current operations to implement a Business Intelligence (BI) system keeps many companies from utilizing the thing that keeps them competitive, knowing the state of their business, their customers and their market.
Hosted dashboards solve these problems. With no equipment to buy or people to hire, the turnkey approach of a hosted dashboard allows warehoused data to easily and simply be utilized for better decision making and resource utilization.
The hardest part of the process is to define what is wanted, but this is easily accomplished if a business has defined goals and objectives. Data is moved via secure methods used by thousands of companies today.
The hosting is done on a subscription basis; this gives great flexibility when to turn the BI system on or off as needed. All maintenance of the system is done by the hosting company and security is provided to keep prying eyes from seeing sensitive information.
There is simply no need to have all applications on-premises and in fact some applications are best run by specialists. The best example of this concept is Salesforce.com which has been phenomenally successful in simplifying the CRM world.
This trend will inevitably migrate to other business applications - it is only a matter of time. In the end simplicity will always win.