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insight Encyclopedia

Cloud Analytics

Cloud analytics is a service model in which data analytics are provided through a public or private cloud. Cloud analytic applications and services are typically offered under a subscription-based or utility (pay-per-use) pricing model. It’s designed to make official statistical data readily categorized and available to users through web browsers, and is specifically designed to assist clients in extracting information from massive data.

The six key elements of analytics include data sources, data models, process applications, computing power, analytic models, and sharing/storing results. It’s often mentioned that any analytics initiative that has one or more of these elements implemented in the cloud qualifies as cloud analytics.