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Embedded analytics refers to the integration of advanced reporting tools with a separate piece of software or online portal. Most business applications focus on a single concern, such as email marketing or supply-chain management. Few software publishers have the resources to develop business intelligence tools from scratch. However, an increasing number of customers expect to gather and have data analytics available within business processes, at a point of impact.
Interactive reports, data visualizations and trend analysis have become so ubiquitous that software lacking BI capabilities can seem antiquated and inefficient.
Vendors without a research suite of their own can add value to a product by partnering with embedded analytics capability from a third party. This program-within-a-program approach allows for seamless integration with the parent software. The client enjoys comprehensive business analytics features while the vendor is spared the cost and development time of designing an additional capability.
The level of integration between embedded analytics and the host software can vary based on a client’s needs. A single sign-on execution allows users to access their application and analysis tools with one login, though the experiences are still distinct. More cohesive integrations result in BI tools being available in modules or tabs within one application.
Some common functions provided by embedded analytics include:
In the ideal situation, end users don’t realize they’re working with multiple pieces of software - they simply benefit from the efficiency of the product.
Businesses are flooded with information on a daily basis. A 2014 survey from Gartner, Inc. found that 73% of organizations had either already invested in big data or planned to do so within twenty-four months.[i] As more employees come into contact with data as part of their everyday responsibilities, it will become increasingly important to streamline the valuable data analytics into existing processes. By providing the right data, at a point of impact, business users can make the immediate decisions necessary to reduce churn or increase product upsell or cross-sell opportunities.
Embedding analytics into your product adds value in the eyes of customers who are increasingly concerned about the volume of data confronting their business. Conversely, software vendors who fail to include these tools are effectively asking clients to make an additional purchase – a request that may not inspire confidence in the product.
Deploying embedded analytics within a software product offers the best of both worlds: more time to work on the primary functions of your application and an end result that is more than the sum of its parts.
Embedding Pentaho Business Analytics makes self-service reporting capabilities a standard feature of your product. Flexible implementation and design options allow for seamless integration with your existing software or portal. Drive value and competitive advantage with Pentaho embedded analytics.
[i] Gartner Press Release, “Gartner Survey Reveals That 73 Percent of Organizations Have Invested or Plan to Invest in Big Data in the Next Two Years", September 17, 2014. http://www.gartner.com/newsroom/id/2848718.