As companies increasingly rely on data to make key decisions, the challenge of managing and interpreting vast amounts of information from different sources becomes ever more complex. This is where embedded analytics software comes in, providing real-time visualizations of data within the context of other applications.
It’s easy to get confused, especially for those that have never heard of embedded analytics software. Thankfully there’s a ton of information available online, and anyone can learn all they need to know about embedded analytics software with a quick search online.
What is It?
A type of analytics software that can be integrated directly into other applications, embedded analytics software enables users to access and manipulate data directly within their other applications. The result is quicker and easier access to crucial data points precisely when you need them.
Users can choose between an embedded analytics standalone software or invest in one that’s integrated into a larger suite of analytics tools. The standalone option can be used to visualize and analyze data that has already been stored in other applications. Whereas suites of embedded analytics software can both store and analyze data from all over.
Types of Embedded Analytics Software
There are several types of embedded analytics software available, including:
- Cloud-based software: This is the most popular type of embedded analytics software, offering organizations the ability to access data from multiple sources.
- Self-hosted software: This type of software is installed and managed on an organization’s own servers.
- On-premise software: This software is installed on an organization’s own hardware and managed by their IT team.
Embedded Analytics Software Pros
Embedded analytics software brings many advantages to organizations, including:
- Quick and easy access to data: Embedded analytics software enables users to access and analyze data quickly, enabling them to make informed decisions.
- Cost-effective: Organizations do not have to purchase separate software to analyze data, saving them money.
- Seamless integration: Embedded analytics software integrates seamlessly with other applications, making it easier and faster to access data.
- Custom reports and dashboards: Embedded analytics software can be used to build custom reports and dashboards that meet an organization’s specific needs.
Embedded Analytics Software Cons
Although embedded analytics software brings many advantages, there are some drawbacks, including:
- Less comprehensive than standalone analytics software: Embedded analytics software is not as comprehensive as standalone analytics software, which can provide more advanced features and functionality.
- Technical skills required: Installing and configuring embedded analytics software requires technical skills that may be beyond the scope of some organizations.
- Performance impact: Embedded analytics software can slow down the performance of other applications, particularly if they are hosted on the same server.
Applications for Embedded Analytics Software
Embedded analytics software can be used in a variety of different applications, including:
- Business intelligence applications: Embedded analytics software can help organizations to gain better insights into their data and make more informed decisions.
- Customer relationship management (CRM) applications: Embedded analytics software can be used to analyze customer data, providing insights into customer behavior, preferences, and needs.
- Data warehouse applications: Embedded analytics software can be used to analyze data stored in data warehouses, providing insights into patterns and trends.
- Dashboard applications: Embedded analytics software can be used to create custom dashboards that provide real-time visualizations of data.
- eCommerce applications: Embedded analytics software can be used to analyze data related to eCommerce transactions, providing insights into customer behavior, sales patterns, and marketing effectiveness.
Which is Best for You?
Your ideal embedded analytics software option depends on the specific needs and requirements of your company. In general, cloud-based software is the best choice for organizations that want to access data from multiple sources, while on-premise software is perfect for companies that want to maintain control over their data and security. Self-hosted software may be the best choice for organizations that need a high degree of customization or have specific technical requirements.
See Clearly With Embedded Analytics Software Solutions
Embedded analytics software is a powerful tool that can provide organizations with valuable insights into their data, enabling them to make better decisions. Whether you choose cloud-based, self-hosted, or on-premise software will depend on your specific needs, technical requirements, and data security concerns.
While embedded analytics software may not be as comprehensive as standalone analytics software, it does have a number of advantages. Quick access to data, cost-effectiveness, seamless integration with other applications, and the ability to build custom reports and dashboards just to name a few. So do your research, lean on the expertise of colleagues and friends, and keep searching and learning online to strengthen your understanding and find the tools.