Cloud-based data analytics is the practice of leveraging the cloud to store and analyze large datasets, such as customer information or sales figures. The power of cloud-based analytics lies in its ability to scale and provide real-time insights for organizations. By tapping into the computing power of the cloud, businesses can quickly process vast amounts of data and access sophisticated analytical algorithms which would otherwise be too expensive for them to maintain on their own. Ultimately, cloud-based data analytics allows companies to stay agile and make better decisions faster than ever before.