How to choose an embedded analytics vendor
The advantages of embedded analytics can only be achieved in partnership with the right vendor
Integrating a rich analytics offering into a software product can bring substantial benefits to a business, including enhanced competitive differentiation and the ability to tap new markets for growth.
When compared to a build-in-house' approach, embedding analytics often requires a much lower investment of time and development resources, making it a much better value investment.
A holistic approach to vendor selection can lead the way to reduced risk, rapid go-to-market and much more successful business outcomes.
However, these advantages are only reachable with the right vendor selection in terms of analytics feature sets, compatibility with the business environment and strength of success offerings. With that in mind, here are seven questions to ask to ensure that the key buying criteria are being addressed during an embedded analytics evaluation.
1: Is the data properly prepared?
The major challenge in business intelligence is making sure that the data is properly consolidated and prepared before analysis. Choosing a vendor who provides a fully-fledged solution for data integration, including options for data blending, migration, enrichment and cleansing will save a great deal of time and expense with trying to get data ready to be effectively analysed. Some vendors may only provide data 'connectors', so this is worth keeping an eye out for.
2: Is reporting flexible?
Although self-service data visualisation has become a core requirement for business users, other elements are just as important such as production quality reporting, user-driven dashboards and custom slice and dice' pivot-style analysis. Selecting a flexible toolset that provides all of these different capabilities will prevent having to buy or build other analytics features in the future as business needs evolve.
Making the reporting accessible to business users, not just IT staff, is also important to remove barriers to adoption, rather than having staff reliant on specialists to create and edit reports.
3: How well do the analytics integrate?
It's essential that the chosen analytics solution can integrate seamlessly with the businesses front-end products, so that not only the look and feel is right, but also the types of analytics content and functionality blend in. It is also important to minimise barriers to analytics adoption, such as additional prompts for user credentials.
Some vendors provide flexible embedding options to embed only specific reports, which can be useful if user needs change within the business.
4: Is it straightforward to deploy?
Software products have their own unique data environments and architectures, so it isn't at all surprising that a successful embedded analytics solution will have to work well with these existing systems. Any potential vendor should be scrutinised to assess their compatibility with the businesses deployment types, configuration as well as security and access frameworks. Finding a vendor that properly aligns with the architecture will reduce risks and costs during implementation and beyond.
5: Can it evolve with your business?
Software requirements and roadmaps change over time in any business, so in order to meet evolving requirements and reduce risk, it helps to have an understanding of how the software works, both in terms of technology standards as well as the vendor's future plans for their platform. Good, long-lasting technology partnerships are based first and foremost on transparency.
6: What type of vendor best fits?
There are several different types of analytics vendor present in today's market, each with their own product offerings which lend themselves to different uses. Developer vendors are selected as they are highly customisable, noted for their complex functionality in building reports and dashboards that require coding expertise. Data discovery vendors focus more on visual exploration and traditional dashboarding; easy to use, but not as customisable. Specialist vendors offer reports and dashboards that can be coded with an easy to use interface.
Typically, more complex tools require greater resources, and so it's important to first identify what level of analytics your organisation really needs, before taking the investment leap.
7: How does it look?
Interface design may sound rudimentary compared to the requirements set above, but being able to understand the presented data is the entire point of integrating embedded analytics in the first place. Analytics is about visualising data so it can be relayed at a glance. A sufficient toolkit of graphs and charts will aid users in their interpreting.
Some embedded analytics tools also allow users to rebrand (white-label) the interface to make it appear like the broader applications in use, casting an illusion that means users don't know they're traversing multiple applications.
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