Embedded business intelligence (BI), also known as embedded analytics, is simply the integration of reporting and analytical tools into a business and its various applications. You can, of course, put these tools and capabilities outside of the application that they relate to. However, the user s
Embedded business intelligence (BI), also known as embedded analytics, is simply the integration of reporting and analytical tools into a business and its various applications. You can, of course, put these tools and capabilities outside of the application that they relate to. However, the user should ideally be able to access them without having to leave the system they are currently on.
When you incorporate embedded BI tools in your application, you allow users to make accurate decisions to help them achieve the outcome they desire. It also helps to boost engagement in users, increase the revenue of the business and increase the value of the business’s software applications. That said, here are some of the benefits of embedded BI:
Embedded BI improves the Performance of the Business
With embedded BI, you will see a major improvement in your business’s performance. Integrating the operations of the business with analytics tools allows your users to access analysis and be able to take immediate action. These analytics facilitate the constant improvement of business operations based on real-time analysis and the decisions they inspire. For example, based on part patterns in equipment breakdown, preventative maintenance can easily monitor issues and prevent similar patterns from repeating in the future.
Embedded BI Helps You to Make Better Decisions
Since business intelligence is being put right at the heart of the applications, insights can be combined with actions, and the workflow of the application will include predictive analysis that allows for better decision making. For example, imagine a point of sale that has recommendation analytics embedded. They will run in the background and provide appropriate coupons based on the products that the customer is buying or suggesting other things the customer could buy.
They Allow Users to Access Analytics and Use the Every Day
When you embed BI tools in an application, you combine them with the core workflow of the application, allowing people in your organization to use the sophisticated analytics tools every day in an easily accessible form. For the perspective of a consumer, ad hoc reporting and analytical capabilities will enable them to better engage with the data and at least get to interrogate it.
They Allow for More Effective Data Integration
Having embedded business intelligence tools provides you with the tools you need to make your decisions. When you integrate embedded tools in such systems as enterprise resource planning (ERP), customer relationship management (CRM) and financial and marketing systems you give decisions makers a lot of power to make better operations decisions without having to rely on specialists outside of their systems to provide them with the data they need to make decisions. In such a situation the business will be able to respond much quicker to changes in capacity, supply and demand while reducing costs.
Because of the revolution that is embedded business intelligence tool, the way we do business is changing permanently. The advantages of embedded analytics cannot be overstated, and this is a tool you want for your business as we go forward into 2019.
Should ideally be able to access them without having to leave the system they are currently on.
When you incorporate embedded BI tools in your application, you allow users to make accurate decisions to help them achieve the outcome they desire. It also helps to boost engagement in users, increase the revenue of the business and increase the value of the business’s software applications. That said, here are some of the benefits of embedded BI:
Embedded BI improves the Performance of the Business
With embedded BI, you will see a major improvement in your business’s performance. Integrating the operations of the business with analytics tools allows your users to access analysis and be able to take immediate action. These analytics facilitate the constant improvement of business operations based on real-time analysis and the decisions they inspire. For example, based on part patterns in equipment breakdown, preventative maintenance can easily monitor issues and prevent similar patterns from repeating in the future.
Embedded BI Helps You to Make Better Decisions
Since business intelligence is being put right at the heart of the applications, insights can be combined with actions, and the workflow of the application will include predictive analysis that allows for better decision making. For example, imagine a point of sale that has recommendation analytics embedded. They will run in the background and provide appropriate coupons based on the products that the customer is buying or suggesting other things the customer could buy.
They Allow Users to Access Analytics and Use the Every Day
When you embed BI tools in an application, you combine them with the core workflow of the application, allowing people in your organization to use the sophisticated analytics tools every day in an easily accessible form. For the perspective of a consumer, ad hoc reporting and analytical capabilities will enable them to better engage with the data and at least get to interrogate it.
They Allow for More Effective Data Integration
Having embedded business intelligence tools provides you with the tools you need to make your decisions. When you integrate embedded tools in such systems as enterprise resource planning (ERP), customer relationship management (CRM) and financial and marketing systems you give decisions makers a lot of power to make better operations decisions without having to rely on specialists outside of their systems to provide them with the data they need to make decisions. In such a situation the business will be able to respond much quicker to changes in capacity, supply and demand while reducing costs.
Because of the revolution that is embedded business intelligence tool, the way we do business is changing permanently. The advantages of embedded analytics cannot be overstated, and this is a tool you want for your business as we go forward into 2019.
