The baseline requirements for embedded analytics are rapidly evolving. Applications used to get away with offering basic capabilities in separate tabs or even separate apps. But today, 85 percent of applications are embedding some form of analytics. To remain competitive, companies have to—at a minimum— embed analytics features in their software.
According to our latest State of Embedded Analytics survey, the capabilities ceiling is rising. Today’s applications are embedding innovative features such as workflow capabilities, predictive analytics, and artificial intelligence. While the companies delivering these capabilities are becoming stronger competitors in their markets, those that aren’t are falling behind.
>> Related: The 5 Levels of Analytics Maturity <<
Innovative analytics features usually take more time to deliver than basic ones, but these are also the capabilities that will deliver substantial business benefits, such as:
- Higher user satisfaction
- Increased user adoption
- More revenue opportunities
- Reduced customer churn
- Improved win rates
Are you keeping pace with the evolution of analytics?
One way to determine this is to look at which advanced capabilities you currently offer or are planning to offer in the next year (see our list below). If you can check off at least half of these capabilities, you’re likely keeping good pace. If not, it may be time to jump-start your analytics initiatives.
> Interactive Dashboards and Reports
> Embedded Self-Service Analysis
> Advanced or Predictive Analytics
> Tailored Experiences Based on User Rights and Roles
> Real-Time Analytics Powered by Instant Data Connections
> Ability to Kick Off a Workflow
> Natural Language Generation
> Connections to Additional Data Sources
> Ability to Write-Back to the Database
> Artificial Intelligence
Want to learn more? Download our 2018 State of Embedded Analytics Report >
