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Cloud Computing: The Pros, Cons and the Unknowns

Cloud Computing: The Pros, Cons and the Unknowns, Small and large businesses all over the world are switching to Cloud-based solutions.

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Cloud Computing The Pros Cons

If there is any technology that has evolved tremendously over the last few years, then that has got to be Cloud Computing. Small and large businesses all over the world are switching to Cloud-based solutions, and it has been predicted that by 2020, enterprises will shift 83% of their workload to cloud-computing platforms. Amazon Web Services, Google Cloud Platform, Microsoft Azure and IBM Bluemix are a few of the front-runners of the cloud computing realm. Now before we move towards Cloud Computing’s pros and cons, let’s find out what this technology is.

1. What is Cloud computing?

Cloud computing delivers on-demand computing resources, such as data storage, over the internet. Cloud computing is ideal for businesses that have to carry out database management in remote locations. Cloud computing services are generally paid. Businesses that use cloud computing services save a substantial amount of money over their operational costs. Plus, with everything being readily available over the cloud, businesses can enhance their efficiency and increase their productivity, simultaneously.

2. The Pros

Cloud Computing The Pros Cons and the Unknowns

Cloud computing is one of the best ways through which businesses can switch from the conventional and traditional ways of running operations to incorporating cutting-edge solutions that ensure better efficiency. To help you understand the pros better, following are the ways through which you can reap the benefits of cloud computing:

Cloud computing requires no hefty machinery or equipment to run. That makes it the most cost-effective method to maintain and use. Cloud computing eliminates the cost of setting up data centers and looking after them. Plus, cloud computing platforms are much cheaper when it comes to keeping the company’s IT expenses in a moderating-flow.

Another great thing about using a cloud computing platform is the unlimited capacity of data storage. Even if your cloud storage platform prompts you there’s limited space available, then you can always upgrade it by paying a little extra fee, whenever the need arises.

Cloud computing is great when it comes to scalability. In case you’re wondering how: Cloud computing is super-flexible when it comes to delivering the right amount of IT operations. For instance, when there is a heavy data transfer about to take place from or to the cloud. The cloud would ultimately consume a great computing power, storage, and internet bandwidth consumption.

Cloud-computing is second to none in terms of recovering the data in an uncalled-for situation. Sometimes, data can be inevitably mishandled. So instead of panicking, you can recover it from the cloud, whenever the need arises.

3. The Cons

Just like everything has its cons, there are some associated with Cloud computing, that you might experience at some point. To help you get a clearer image of those cons, we’re jotting down a few that you must keep an eye out for:

The security of the data stored on the cloud is something that everybody is concerned about. It doesn’t matter what package you decide to go for while choosing the cloud computing platform, you can’t deviate from the reality, i.e. you will be placing your sensitive data and information in the hands of a third party service. Given how risky it is, you must always do your homework before picking the right cloud computing service. Therefore, always take your time and pick the one that is reliable and 100% secure.

One simply can’t ignore the vulnerabilities of trusting someone else with your company’s sensitive data and information. Storing data on the cloud is akin to exposing your company’s important data and information to the potential threats over the internet. Therefore, to keep such information from becoming a hacker’s playground, always remember to keep your passwords discreet. Plus, every once or twice a month, don’t forget to update your cloud’s password.

Another drawback that shakes cloud computing’s reputation is its likeliness to fall in the clenches of technical issues. Every time your cloud computing service provider experiences a technical glitch, you might find yourself locked out from accessing your own information. It sounds a bit stressful, doesn’t it? Therefore, no matter how greatly accessible your data becomes while using a cloud computing platform. You simply can’t ignore to prepare for situations like these.

4. All in All

In this era where everything is pacing rapidly towards digitization, cloud computing solutions have come forth as life saviors for businesses everywhere. To wrap it up, it would be apt to state that cloud computing has helped businesses save a substantial amount of money. Gone are the days when companies allocated a hefty budget on maintaining and installing their data centers. Now, they can store an endless amount of data, using a cloud computing software online. Thus, if you have been worrying about the decreasing productivity and efficiency of your employees, then consider shifting your business activities to the cloud.

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1. Impact of Artificial Intelligence (AI) on Software Development Industry in [2019]

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4. Artificial intelligence (AI): Friend or Foe to Future Designers?

5. Top 20 Working 13377x Proxy List in [2019]

6. Top 10 Artificial Intelligence (AI) App Development Trends in [2019]

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Big Data

How To Use Histogram Charts for Business Data Visualization

One such tool for data visualization that stands out for its simplicity and effectiveness is the histogram. Keep reading to learn more about histogram charts.

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Data visualization is an indispensable tool for businesses operating in the contemporary digital era. It enhances the understanding and interpretation of complex data sets, paving the way for informed decision-making. One such tool for data visualization that stands out for its simplicity and effectiveness is the histogram. Keep reading to learn more about histogram charts.

1. Understanding the Basics of Business Data Visualization

Alt text: A person looking at different data visualizations on a computer before looking at a histogram chart.

Business data visualization is a multidisciplinary field merging statistical analysis and computer science fundamentals to represent complex data sets visually. It transforms raw data into visual information, making it more understandable, actionable, and useful.

Visualization tools such as histogram charts, pie charts, bar graphs, and scatter plots offer businesses a way to understand data trends, patterns, and outliers—essentially bringing data to life.

Whether you’re analyzing sales performance, forecasting market trends, or tracking key business metrics, data visualization can be a powerful tool for presenting data that might otherwise be overlooked.

2. Deciphering the Role of Histogram Charts in Data Analysis

Histogram charts are a superb tool for understanding the distribution and frequency of data. They are bar graphs where each bar represents a range of data values known as a bin or bucket. The height of each bar illustrates the number of data points that fall within each bucket.

Unlike bar graphs that compare different categories, histogram charts visually represent data distribution over a continuous interval or a particular time frame. This makes them invaluable for many business applications, including market research, financial analysis, and quality control.

By portraying large amounts of data and the frequency of data values, histogram charts provide an overview of data distribution that can aid in predicting future data trends. It helps businesses to spot patterns and anomalies that might go unnoticed in tabular data.

3. Key Steps To Create Effective Histogram Charts

Creating effective histogram charts involves steps, starting with data collection. You need to gather relevant and accurate data for the phenomenon you’re studying.

6 Easy Ways to Improve Your Data Analysis Skills

Next, you determine the bins and their intervals. Bins are data ranges, and their number depends on the level of detail you want from your histogram. It’s essential to keep bins equal in size to facilitate comparison.

Once you’ve structured your data and decided on the number of bins, the next step is to count how many data points fall into each bin. This is the basis of your histogram.

Finally, you draw the histogram with the bins on the x-axis and the frequency on the y-axis. Each bin is represented by a bar, the height of which represents the number of data points that fall into that bin.

4. Advantages of Using Histogram Charts for Business Data Visualization

Alt text: A person on a computer looking at multiple screens with histogram charts.

Histograms offer a host of advantages in the realm of business data visualization. They provide a clear, visual summary of large data sets, making it easier to digest and comprehend the data.

Histograms are also useful in identifying outliers or anomalies in data, which can be significant in industries such as finance and quality control, where an anomaly could signify a significant issue that needs to be addressed.

5. Real-world examples of Business Data Visualization Using Histogram Charts

Many businesses use histograms to visualize data. For instance, a retail company may use histograms to analyze customer purchase patterns, enabling them to identify peak shopping times, seasonality, and trends in customer preferences.

A manufacturing company might use histogram charts to monitor product quality. By analyzing the frequency of defects, they can identify the cause of the problem and take corrective actions faster.

Histograms are also widely used in the financial industry. Financial analysts use histogram charts to visualize the distribution of investment returns, helping them to understand the risk associated with an investment.

Histogram charts are crucial in business data visualization, offering clear and concise representations of large data sets.

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