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The rise of embedded business intelligence (BI) OEM reporting tools comes with the increase in demand for reliable, seamless analytics tools we can use directly in work applications. Now is the time for embedded BI.
More people are looking for more efficient BI products to integrate into their applications in 2022, and want to know exactly what embedded BI solutions mean for their users.
This article will define embedded BI, explain its growth in popularity among software users, and why we suggest Yellowfin as your embedded BI solution for better analytics.
Defining Embedded BI
First, let’s define what embedded BI really means.
When we say “embedded BI”, we are referring to the process of providing a direct connection between your business application and the underlying data source.
We use the term “data source” because you may have a number of different data sources in your organization, each with its own business logic and user interface (UI).
In some cases, you may already have an embedded BI component built into your application accessible from within the app. However, in the past, the most typical scenario was to use an external service to provide access to your app's data, and potential insights.
However, the experience of using stand-alone analytics software or a third-party platform is not friendly to your business process, or the user experience of your applications.
For one, it makes analytics disconnected from the standard workflow of your apps, meaning people may not even leverage the analytics available to them in the manner you intend. It's also separated from the curated and crafted UX (aesthetic, functions, etc) your developers or team have worked hard to build and connect with the business brand.
Finally, having to use a separate application just to access your analytics and data leads to time-wasted switching between your application and the analytics app you use - and potentially insights lost, as needing to switch contexts can break a user’s concentration.
This leads us back to embedded BI. When business intelligence capabilities are directly embedded into your application, it significantly helps make analytics a more natural part of your users’ workflows, and a more visible feature of your business application.
These benefits have led to an increase in demand for embedded BI solutions in 2022.
Top reasons to use Embedded BI solutions
Faster, easier access to data and analysis: When you embed BI, you can access, visualize, analyze, visualize, drill down, transform, and normalize data with no loss of quality or reliability. In fact, you can add new sources of data that were not previously available in your BI tool. As a result, you will be able to get better insight into your data – faster – with a higher degree of confidence that the data is accurate and reliable. And since all the source code is stored within the source system (in an audit-friendly format), there is no risk of losing it or any other kind of disaster commonly associated with third-party, external analytics applications.
More Value and Competitive Advantage to Your Application: As a result of this higher level of data quality and reliability, users can get better insights faster and give more value to their business applications. These insights can be used to make better decisions that support their strategic goals. And by getting these insights into the hands of decision-makers, you can gain a competitive advantage in your market.
Reaching Seamless User Experience and Better Customer Satisfaction Level: Users have access to the same data from all sources in the same format, and this is a very important element of a seamless user experience. When users have access to their data in a consistent way, they can get better insights faster and get better results faster. And because of this, users are more satisfied with their BI solution and your BI tool.
Able to Serve Multiple Customers and Separate Them: By embedding your BI tool, you can use the same data to serve multiple customers. This means that you can create different business groups within your organization and tailor your BI solution to each group, depending on their needs and the level of their data ownership. And this can help your organization achieve better results and increase customer satisfaction.
Increasing Revenue Growth: Data is the key to any organization’s success. And it is a fact that without it, you will not be able to increase revenue growth and achieve better ROI. So by embedding your BI tool, you can have the power to enable your organization to access all of its data from any source in a consistent way and use it to create more insightful business intelligence reports. This means that you can have a more complete view of your business and be able to act on it in an informed way.
Serving Seamless Embedding Process: Embedding processes are not only about embedding your BI tool in your application, but also about making sure that your application is able to integrate with your BI tool. In other words, you need to ensure that the two applications are integrated and communicate with each other properly.
Quick Big Data Connectivity: The fact that users can access their data from multiple sources means that they can get access to external data as well.
This is why users are able to get real-time insights into this external data as well, which helps them gain better insights faster and drive better decisions faster than before.
Why you should choose Yellowfin Embedded BI
With the rise of the need for service analytics solutions, more and more business executives are in the run to get tools with the best analytics capabilities. For years, Yellowfin has provided businesses with a comprehensive embedded analytics solution.
Minimal Effort and More Affordable Cost-to-Change: Yellowfin's Embedded Analytics pricing and licensing is flexible for many organization's budgets, and requires minimal effort to change the software.
Support for Ongoing Projects: Yellowfin's Embedded Analytics provides complete support for ongoing project management. The software is so easy to use and configured, that you can do it in a matter of minutes.
Modernization: The software is constantly updated to ensure it can adapt to the latest technology. This is to make sure that it will work with the current business applications and operating systems. With the software, you don't have to worry about the software being outdated as it is updated by a team of highly skilled engineers and consultants.
Perfect Price for Critical Business: It's a fact that Yellowfin's Embedded Analytics is quite affordable for any organization. Most businesses find the price quite reasonable. It's cheaper than most of the other analytics solutions out there and has also been proven to be a cost-effective way to provide business analytics.
Simplicity in Design and Wide Range of Scalability: The software is easy to use and configure. The user interface has been made so simple that even a novice can use it easily. It also provides businesses with a wide range of scalability. It's not just limited to on-premise installation, but it can also be used in the cloud or hybrid environments.
White-Labeling Analytics Benefits: Yellowfin's Embedded Analytics can be white-labeled and customized to suit your needs. This is a great advantage, as it can give you the flexibility to adapt the software to your company's requirements.
Yellowfin Embedded Analytics: A Product Walkthrough Guide
Discover just how intuitive and transformative Yellowfin embedded analytics suite is with our walkthrough videos, whitepapers and product breakdown.