Embedded BI is a term used to describe the integration of business intelligence tools and dashboards directly into the user interface of an application. It gives users access to valuable data at the moment of decision. Users get access to reports, data visualizations, and other information directly within the application, improving data usability and decision-making abilities. Embedded BI is typically managed by a BI platform like Power BI, Qlik, or Tableau, which provides the infrastructure to create and maintain reports and dashboards.
Embedded BI offers many benefits to organizations, including increased efficiency and productivity, reduced costs, and improved customer satisfaction. It is quickly becoming a standard feature in many software applications, and the market for Embedded BI tools is expected to be a $73 Billion market by 2032. The future of business intelligence is, without a doubt, embedded analytics, as the figure below illustrates.
(Image source: tdwi.org)
5 Reasons to Use Embedded BI in Your Software Application
Here are five reasons why you should consider using embedded BI in your next software application development project.
1. Seamless Embedding
One of the great things about embedded BI is that it can be seamlessly embedded into your existing application. This means that your users won’t even know they’re using BI features – it will just be part of the overall user experience. And since the BI features are integrated into the app, there’s no need for users to download a separate BI tool or log in to a different system. Everything they need is right there at their fingertips.
2. Self-Service Reporting
Another benefit of embedded BI is that it enables self-service reporting. Users can generate their reports without relying on IT staff or other experts. All they need is access to the data – they don’t need any special training or skills to use the BI features. This can save your organization time and money by eliminating the need for manual report generation.
3. Pixel-Perfect Reports
If you’ve ever used a BI tool, then you know that one of the most frustrating things can be trying to get your reports to look just right. With embedded BI, you don’t have to worry about that because the reports are generated right within your application. This means that they’ll match the look and feel of your app and will be consistent with the rest of your user interface.
4. Multi-Tenant BI
Another advantage of embedded BI is that it’s multi-tenant, meaning different groups of users within your organization can all use a single instance of software. This is ideal for organizations with multiple departments or locations, because it allows each department or location to use the same BI features without having to set up separate instances.
5. Native Integration with Your App
Finally, embedded BI is natively integrated with your app, allowing data to flow more directly back and forth, making it more readily available to users. This means that it takes advantage of all the native capabilities of your app platform, creating a truly unique and interactive user experience for your app users.
Ready to incorporate embedded BI into your application? Contact Expeed for help adding this powerful feature. Our team of experts will work with you to integrate BI into your app, providing a seamless and efficient user experience for your users.