Embedded analytics can help companies gather as much information as possible and gain a competitive edge, be it via sophisticated data mining, data visualization, and reporting, capabilities. However, not all business intelligence (BI) partners are equal. This blog will help you identify what you should look for in an embedded analytics partner.
Why finding the right embedded analytics partner is important
Embedded analytics allows companies to get the data that they need quickly, without disrupting their business daily processes. In a modern digital world where data is rapidly growing in both quantity and complexity, having easier and better ways to access, share and analyze information is essential for growth, competition and data-driven decisions.
For example, if you run a retail store, having embedded analytics as part of your daily software can allow you to analyze sales data and provide more accurate pricing information to your customers. You're far more data-driven in your day-to-day.
But as with any other technology or process, embedded analytics comes in many forms.
Companies still need to research the various embedded analytics and decide which one is right for them, based on their needs and the solution's capabilities. The first thing to consider is what the embedded analytics platform itself offers. The next, which is what this article covers, is the partner that can provide you with a comprehensive solution.
What to look for in an embedded analytics partner
There are several aspects companies should consider when choosing an embedded analytics partner in 2022 and beyond. This section will highlight some of those aspects and show you how to find the right analytics partner for your needs.
1. Live Demo Datasets
One of the best ways for companies to determine whether their potential partners are qualified is by checking out their demo datasets.
A company should ensure that its potential partners have live demo datasets and interactive dashboard and data visualization galleries that show how they can use embedded analytics to help solve real-world problems.
Live demo datasets provide proof-of-concept and live examples of how its potential partners can help solve real-world problems - as well as confidence in the product.
2. Flexible Pricing
Another important aspect of selecting an analytics partner is to find out their service fee.
Businesses need to make sure that their partners offer flexible pricing plans that meet their needs.
For example, if you run a retail store, you might need some customized services or dedicated customer service teams to use the analytics platform effectively.
Here, your potential partners need to have flexible pricing plans that fit your needs and budget so they can provide high-quality services at affordable prices.
3. Global Recognition (Gartner, Forrester, Ventana Research)
Gartner, Forrester, and Ventana Research have ranked the top embedded analytics tools in terms of the capabilities that each offer.
Embedded analytics partners they recognized have proven capabilities to help enterprises become more intelligent, adaptive, and agile.
Checking whether the embedded analytics vendor has been rated in, for example, the Gartner Magic Quadrant for Business Intelligence and Analytics Platforms will benefit you to select the right embedded analytics partner for your business.
4. Modern and Distinguished Analytics Features
Companies are trying to stay ahead of the market with the continuous growth of digital businesses.
The analytics partner you select should be able to deliver modern and distinguished capabilities in analytics, data management, data warehousing, reporting, and dashboards.
Also, consider the usability of the analytics tool. You will need flexible dashboards that are easy to use and highly scalable.
The embedded analytics partner should also have extensive technical support, which will give you confidence in the long-term relationship.
5. End-to-End Partnership and Adoption Process Guidance
Finally, companies should also consider the end-to-end partnership and adoption process guidance of their potential partners.
Partners who provide all the services you need to start on the right foot are ideal. They will provide the knowledge and technical support to get you going.
You should also expect your embedded analytics partner will help you immediately, regardless of whether that means providing you with training, hardware, or software.
The embedded analytics partner should also be willing to provide complete resources on the features and benefits of their solution.
It will ensure that your business units and development team understand all the capabilities and benefits that they can leverage.
Are You Looking for the Perfect Business Intelligence Partner?
Yellowfin offers a powerful suite of embedded analytics software tools to help you collect, analyze and present the data you have collected in an easy-to-understand format.
We also provide you with actionable data that will allow you to make better decisions in your business.
Modernize with the best embedded analytics
The Yellowfin analytics platform is known for its ease of use, on top of providing ongoing support and scalability for any company. If you want to optimize your business, start with Yellowfin.