November 30, 2020
Businesses are under pressure to respond rapidly to changing market conditions. Organizations need BI and advanced data analytics now more than ever. Many are ready to move users beyond spreadsheets and adopt advanced data technologies and services for the first time. However, rising total cost of ownership (TCO) is a major concern.
Many organizations are turning to cloud computing as a remedy for rising TCO. TDWI research finds strong interest in augmenting or replacing existing on-premises systems with pay-as-you-go subscriptions to software- and platform-as-a-service (SaaS and PaaS) systems.
However, simply migrating systems to the cloud does not reduce TCO. Data silos for BI and analytics workloads are proliferating in the cloud, driving higher costs. Organizations need to calculate TCO in the context of return on investment (ROI)—a challenge for BI and analytics systems.
This TDWI Insight Accelerator focuses on how organizations can reduce TCO without negatively impacting the business benefits they seek through expansion of BI and analytics.