Cloud data warehousing has grown in popularity tremendously over the last few years, and that growth is predicted to stay strong as we head into 2023. This cloud-based data solution is a data warehouse delivered as a managed service. Companies pay as they go or pay subscription fees to access the database in a public cloud that runs on infrastructure that the service provider owns and manages.
These cloud data warehouses are optimized for running analytics on large data sets. The main advantage of using a cloud data warehouse as opposed to a traditional data warehouse is that you don’t have to worry about securing and managing your own data warehouse infrastructure. You can simply pay for the resources you need and know that your solution will easily scale with your business.
Given the growth of cloud data warehousing, it’s important to stay on top of trends in the industry. To that end, here are some expert predictions about cloud data warehousing going into 2023:
Cloud-first Data Warehousing becomes Industry Standard
More and more business leaders are choosing cloud-first data warehousing over traditional data warehousing solutions. In 2023, expect to see cloud-first data warehousing become the industry standard thanks to the many benefits it offers enterprises. For one thing, cloud data warehouses tend to be faster than traditional on-premises options which can be hugely impactful to a business’s productivity levels. Cloud models also generally offer lower up-front costs since you only pay for the level of service that you need and don’t have to purchase the infrastructure to run your own data warehouse. Cloud-first resources make it easy to scale up or down immediately when your business needs change, too.
Greater Automation and Self-Service
Automation is taking storm in many business areas, including data analysis and cloud data warehousing. One of the trends you can count on in 2023 is an even greater emphasis on automation and self-service. Automation applied to the analysis of data stored in data warehouses helps free up data teams from having to complete rote work. With the right tools, you can automate data analytics tasks including data discovery, data preparation, and maintenance of the data warehouse. Data analytics in automation can even unlock insights that you wouldn’t otherwise have picked up on.
Self-service analytics goes hand-in-hand. Self-service data warehouses are accessible to end-users who don’t have technical backgrounds or deep knowledge of data analytics. They aren’t overly complicated or challenging to learn. Self-service emphasizes ease of use over more technical features. Members of your organization who aren’t data experts can use these self-service cloud data warehouses to create their own data analysis reports and reach insights. Since data democratization is expected to become more popular in 2023, it makes sense that self-service cloud data warehouse software will grow in popularity, too.
Increased Regulatory Scrutiny
Data storage and usage are already subject to significant regulatory scrutiny but expect even greater regulations on cloud data warehousing in 2023. Regulations on data warehouses may focus on areas including:
- Privacy policies
- Access control
- Retention schedules
- Breach disclosures
- Audit logs
Pay close attention to new privacy laws affecting data warehouses as privacy concerns are at an all-time high after several high-profile data breaches and privacy violations. Rules and regulations for cloud data warehouses are always evolving, making compliance more complicated. Companies must stay on top of regulatory changes regarding data warehouses in 2023 to ensure they don’t get hit with hefty noncompliance fees or other consequences of noncompliance. Data tools that facilitate data classification and integrate regulatory controls will go a long way toward ensuring compliance.
Cloud Data Warehouse Software Gets Better at Putting Data to Work
Cloud data warehouse software should do more than simply store current and historical data that a company has collected. The other key feature of this software is that it’s optimized to run analysis on big data sets. In 2023, cloud data warehouse providers will ensure that the warehouses get even better at putting data to work so companies can get more out of their data. There are several ways to do this, but some of the features that you can expect cloud data warehouse to enhance in 2023 include:
- Improving data quality and organization
- Applying machine learning for more intelligent analysis
- Integrating with other data sources
- Making data accessible across departments
- Segmenting data for more specific analysis
Any improvements that cloud data warehouses make to facilitate better data analysis will help your business get more out of your data.
Faster Data Flow
Cloud data warehouses need to be able to keep up with the fast flow of data. Real-time data analysis is essential to enterprises since it allows business leaders to reach insights and make decisions using the most up-to-date information. In 2023, cloud data warehouse software will be adopted to allow faster data flow so organizations can access and analyze data in real time. Some cloud data warehouses already allow for incredibly fast data flow and real-time analysis, but more providers will likely jump on this trend in 2023 to give business leaders what they need. Data warehouse solutions that can’t facilitate extremely fast data flow won’t be as competitive.
Is Cloud Data Warehousing Right for Your Business?
If you’re looking to get the most out of your data, you have to consider which tools are best suited to help you achieve that goal. In many cases, cloud data warehousing is an invaluable tool for enterprises. Before selecting a data warehouse provider, consider factors such as cost, timing, ease of scalability, and customer support. It’s worth taking the time to find the best possible solution for your business. Live Earth is a comprehensive cloud-based platform that allows you to integrate your own data with many other third-party data sources; many of which we already have as data partners. With the interactive data visualization map, you can visualize the data in real time to optimize workflows and discover actionable intelligence. Get in touch with the Live Earth team today to learn more about how Live Earth can help your enterprise.