The emerging trend is for every company to transform into a data-centric entity, with the capability to leverage data and analytics evolving as a key factor that distinguishes industry frontrunners from their counterparts. There’s an increasing demand from customers for practical insights integrated into the everyday applications, products, and services they use, prompting companies throughout various sectors to actively pursue and deliver such intelligence.
What is Embedded BI?
In simple terms, “embedded analytics” are actionable intelligence effortlessly infused into customer-facing products, applications, or services. This form of intelligence can manifest in myriad ways, starting from helping users comprehend their long-term purchasing patterns to presenting complex charts and graphs detailing running distances and speeds. The possibilities are boundless possessing data, creativity, and a dynamic analytics platform enables you to transform these ideas into reality.
Contemporary embedded BI platforms, tailored for SaaS and various industries, go beyond aligning with your brand aesthetics— it’s now a fundamental expectation. They authorize your product team to develop a data interaction experience that not only aligns visually but also makes certain meaningful engagement. Through personalized icons and animations, these platforms breathe life into data, improving customer satisfaction, retention, and overall user experience.
Embedded BI’s Growth Potential is Immense
Companies willing to stay competitive in emerging markets need to act now.
The global embedded BI market is expected to grow at a CAGR of about 22.3% between 2023 and 2028, reaching $15.2 billion by 2028.
This projection signifies a significant upward trend in the adoption and integration of embedded BI solutions across different industries, driven by the augmenting demand for advanced analytics, real-time insights, and data-driven decision-making processes. The anticipated expansion underscores the crucial role embedded BI plays in improving business operations and fostering a more intelligent approach to data management and analysis on a global scale.
The widespread integration of analytics is inevitable, becoming an integral part of every application, product, and service sooner rather than later. Seize the opportunity to buy and embed today, as waiting might mean missing out tomorrow.
Shape Your Company’s Future by Embracing Embedded BI
In the present landscape, consumers recognize the transformative impact of actionable intelligence on their daily lives. If the incorporation of analytics into your products hasn’t commenced, the time to formulate action is now. Embrace a faster time-to-market, conserve resources, and costs, while providing a novel and potent experience within your product. This is reinforced by a team of BI professionals dedicated to ensuring your company’s success.
