The need for change is just around the corner. Software and hardware are evolving together with trends and needs at the speed of lightning.
Many of you are probably working actively on finding the most optimal way forward, and one conclusion can be to go for a Cloud solution that supports your need and demands.
What you get is a flexible platform that can replace your on-premise solution. Essbase in the Cloud has the same functionality as the on-premise solution you’re working in today. Another benefit of a Cloud solution is that you always have an updated environment with the highest level of security and new functionalities.
Looking specifically at an Analytics Cloud solution compared to on-premise, you get more functionality and can connect multiple sources to your data warehouse. You have the ability to enrich your data with artificial intelligence, such as making it coordinated to specific cities. It also comes with an interface for Essbase, Planning and PBCS (Planning and Budgeting Cloud Service). Overall, you get a more complete and supportive platform.
Looking at the trend in general, more and more companies are investing in Cloud solutions. According to IDC, 60% of all IT infrastructure and 60-70% of all software, services and technology spending will be Cloud-based by 2020.
In 2017, Oracle launched Oracle Analytics Cloud (OAC). This is a PaaS (Platform-as-a-Service) solution that works for your business Cloud Analytics needs. OAC also provides the possibility to move your Essbase applications to the Cloud.
In short, OAC is:
- Comprehensive; includes Data Visualization Cloud Service (DVCS), Business Intelligence Cloud Service (BICS) and Essbase Cloud Service (EssCS).
- Scalable; possibility to scale your services in terms of CPU, memory and storage.
- Flexible; pay only for the time the system is in use.
On top of setting up your own instances for DVCS, BICS and EssCS, OAC is a valuable service that you can tailor to your platform to suit your needs; whether you need a VPN connection, multi factor login, ADFS connection, etc. The list goes on! Either way, OAC will help you take a big step forward in your Cloud journey.
If you would like to take a look at OAC or have questions about Oracle Cloud services in general, don’t hesitate to contact me or any one of my colleagues.
DO YOU HAVE QUESTIONS? CONTACT THE AUTHOR:
Principal Consultant in Enterprise Planning at inlumi
Martin has over 10 years of experience from Hyperion Planning and Essbase with a background from Business Controlling. He started his career within EPM as an administrator and user of Planning and Essbase at one of the world’s largest truck manufactures. After he transitioned into consulting, he has been engaged in several on-premise and Cloud-based implementations for Planning and Essbase. He was part of the first PBCS implementation and the first migration from Essbase to OAC in the Nordics.