Embedded BI Goes Beyond Technology ROI to Improve Clarity, Agility and Productivity!
If your organization hasn’t considered Embedded Business Intelligence (BI), it may be time for you to acknowledge the benefits and begin the process of integrating Embedded BI into your technology and business process strategy.
Enterprise Strategy Group reports that embedded analytics can provide 50% lower upfront development costs and 83% lower support costs, thereby improving return on investment (ROI).
The benefits of return on investment (ROI) are measurable and can greatly assist the enterprise team in gaining traction with management and IT and achieving approval for the embedded BI project.
‘With embedded BI and integration APIs the organization can maximize and optimize the available data and provide team members with easy-to-use tools that will greatly expand the value of the data by helping users to clearly see issues, opportunities, and trends.’
In this article, we will look beyond the technology savings to the benefits achieved by the team regarding work processes, workforce and enterprise agility, the time it takes to make a decision, and the clarity and accuracy of that decision.
Data Availability and Clarity
With so many best-of-breed, legacy, and focused systems, team members may have to search and manage data from within databases, HR, ERP, CRM and other systems, so there is never a complete picture. If a user wants to combine data points and understand relationships, she/he must either ask IT or a data scientist to create a report, or they must pull and manipulate data in a spreadsheet or other mechanism. Wouldn’t it be great if your team members could log in to a popular software solution and use augmented analytical tools, working within that system to analyze data in a way that is meaningful to them. Embedded BI with integration APIs puts the features of analytics at the fingertips of your users and removes the extra steps and the noise associated with manual processes or incomplete analytics and reporting within the existing software solution. By incorporating true analytics within these popular software solutions, the enterprise can provide a productivity tool and help users to draw the right conclusions and make the right decisions.
Data Visualization, Reporting and Tools
Every team member has a different need. It isn’t possible to anticipate every need. Team members may need a mobile alert to tell them when a threshold has been crossed, or they might need a dashboard view or a specific type of periodic report to quickly and easily understand what is happening with results, team members etc. A manager may want to see a detailed reporting of expenses or sales, while a project team member may want to know the results of software testing and a purchasing manager may want to know when supplier trends require them to expand their supplier network.
Ad-Hoc Queries and Creative Solutions
Rather than trying to anticipate every possible query or analytical scenario, the addition of augmented analytics as an overlay to the software solution makes analytics readily available, no matter what the team member needs. One user might need a graph, another might need a detailed analysis of a project, quality issues with a product or other information. Rather than trying to build one solution that will satisfy all needs, the enterprise is better served to offer a flexible, agile analytical tool that is ready to go, no matter what questions, issues or challenges the team member may have.
‘Look beyond the technology savings to the benefits achieved by the team regarding work processes, workforce and enterprise agility, the time it takes to make a decision, and the clarity and accuracy of that decision.’
With embedded BI and integration APIs the organization can maximize and optimize the available data and provide team members with easy-to-use tools that will greatly expand the value of the data by helping users to clearly see issues, opportunities, and trends. Perhaps the greatest value of the Embedded BI approach is that it offers more visibility into the heart of the data contained within enterprise systems and allows team members to be more creative and insightful in their use of data to make decisions, design products and address customer needs.
Explore the Smarten approach to Embedded BI And Integration APIs to add powerful functionality and provide access to existing ERP, SCM, HRMS, CRM or any other products and to provide analytics capabilities within existing products without major Investment. Your business users will say ‘yes’ to analytics and you can achieve the results you want.