How Can Embedded BI Help ISV Partners Improve Revenue and Market Visibility?!
Recent research reveals that 67% of companies surveyed say time spent in their applications increased after they embedded analytics. Why do you suppose that is?
Tag: BI Integration APIs
Why Spend Time and Money Developing BI? Embed BI in Your Software Product!
The research and technology consulting firm, Gartner predicts that ‘By 2023, overall analytics adoption will increase from 35% to 50%, driven by vertical and domain-specific augmented analytics solutions.’ Whether your software business produces solutions or modules for a vertical market, a specific industry or a government or public service market, building an analytical solution to serve your clients or partners is an expensive, complicated proposition and one that will require significant funding and skilled resources.
Technology research and consulting firm, Gartner, predicts that, ‘By 2023, data literacy will become an explicit and necessary driver of business value, demonstrated by its formal inclusion in over 80% of data and analytics strategies and change management programs.’
The technology research and consulting firm, Gartner predicted that ‘By 2023, 60% of organizations will compose components from three or more analytics solutions to build business applications infused with analytics that connect insights to actions.’
If your business is ready to implement a BI tool and augmented analytics solution, there are some things you will need to do first. If you plan correctly, you will enjoy a successful implementation. If you do not perform an assessment, understand your requirements and choose the right option, you are likely to fail in your initiative and your ROI and TCO will not meet expectations.
A recent survey found that 93% of application teams report improvement in user experience as a result of embedded analytics, and 94% of teams report improved customer satisfaction with embedded analytics. The concept of embedded BI is simple. By leveraging APIs, the augmented analytics solution is embedded within familiar enterprise apps and made available to users via single sign-on so that the user can access favorite software solutions and applications to perform tasks and use the data contained there to analyze data and make decisions.
Our Partner is a healthcare service provider in the United States providing a web-based, patient-centric, healthcare management solution and workflow solutions to increase operational efficiency and reduce costs for its hospitals and healthcare facility Clients. Since 1999, the Partner has provided services to the durable medical equipment and supply market with solutions that benefit many healthcare organizations and clinics in the U.S.
Wise business owners and managers are taking on the challenge of implementing data democracy, digital transformation (Dx), and Citizen Data Scientist initiatives. The reason is simple! These businesses understand the benefits and the advantages of providing augmented analytics access to business users, thereby improving fact-based, timely decisions and improving the planning and forecasting process. These initiatives also optimize resources and allow the business to do more with less – which is something every business needs!
Embedded BI and Augmented Analytics WILL Improve User Adoption, ROI and TCO!
Have you heard of Embedded BI? Do you know what it is? If not, your business is missing a lot. Embedded BI provides a lot of potential for your business to enable Citizen Data Scientist initiatives and data democratization, improve data literacy across the enterprise and make better business decisions.
When choosing a BI tool and augmented analytics solution for your business, one of the most crucial concerns is the features and functionality of the prospective solution and how this solution will meet user and organizational needs. It is important to remember that there are also specific features a business should consider, like embedded BI and easy-to-employ Integration APIs, that will assure user adoption and appropriate ROI and TCO.
