Are you thinking about finally bringing embedded analytics to your SaaS company? There are some great benefits and reasons to get on board sooner rather than later. However, you need to be sure you are getting the best option for your embedded analytics. Know what you are looking for and why you need it.
The Problem with Traditional BI Software
A lot of companies have been using traditional business intelligence software to help them with their Embedded analytics. While these tools have their uses, they aren’t the same thing as actual embedded analytics solutions, which tend to be more robust for this specific use case.
The standard business intelligence software is limited, and it’s not optimized to be customer-facing.
What to Look for When Evaluating Embedded Analytics Solutions
When the time comes to choose an embedded analytics solution, don’t simply choose the first option you find (or use your existing BI solution). It’s important to make sure it’s the right option that will work for your needs. Let’s look at five of the most important things to look for when you are making your choice.
You already have a range of technology tools you are using in your business. Therefore, you want to find an embedded analytics solution that will be capable of seamlessly integrating with those tools. Do you already have an analytics database or data warehouse set up? Do you need a separate ETL tool?
Certain tools require you to push data over to their product, and others require a strict data model, resulting in longer implementation times. Other platforms can be much more plug and play and connect directly with existing databases.
Embedded technology should always require proper authentication before allowing access to sensitive data. There needs to be access control across the dashboards and other resources you are using. Security should always be a top priority when you are choosing an embedded analytics solution.
Does the solution provide the correct mechanisms to handle your multi-tenant or single-tenant data model?
Time to Set Up
How long will the system take to set up and how difficult will it be? Naturally, you want this to be as short as possible. The tool you choose should be accurate and fast. Many times, you can have everything up and running in very little time at all. Some companies can get things going in about a day or so.
What type of support is offered by the vendor after you choose the embedded analytics solution? You want a company that can provide ongoing customer support, along with documentation and training assets, as opposed to services that require 3rd party service providers which may be a large additional cost.
You want to make sure the solution you choose provides customization options for you and your end-users. Always choose an analytics solution that can offer flexible styling and customizations so that your users have a seamless experience when using embedded analytics.
What Questions Should You Ask a Potential Vendor?
Once you find a vendor that offers an embedded analytics solution that fits your needs, you will still need to make sure they are the right choice. Below are some of the most important questions you need to ask before making your decision.
- Is the pricing transparent?
- Does the application provide a good experience on all platforms?
- How does the app handle localization?
- Do they offer customers a product roadmap?
- Do they use modern architecture for the embedded analytics solution?
- Does it provide a good experience on mobile?
These are some of the questions you should always ask. Of course, you are likely to have a few questions of your own. Any vendor worth your business will take the time to answer all of the questions you have.
Why Explo for Embedded Analytics?
You have a lot of options when it comes to analytics tools, so what is it that makes Explo a choice to consider? For starters, the company delivers real results for those who work with them. It can help companies like yours to save money and time. Try Explo today to see if it could be a good solution.
Other Embedded Analytics Resources:
- Benefits of Embedded Analytics
- Embedded Analytics Uses Cases
- Embedded Analytics Features
- Embedded Analytics Applications
- Embedded Analytics Solution