Where Does Embedded BI Fit in Business Decision-Making?
Recent research reveals five primary benefits for embedding business intelligence into popular business apps and software:
Recent research reveals five primary benefits for embedding business intelligence into popular business apps and software:
Why guess at the cause of your business results? Whether you are seeing positive or negative results, it is still important to understand the ‘why.’ Without this information, you cannot adapt and adjust to improve declining results, OR repeat and improve those great results you are experiencing.
Every consumer and business user loves the new world of search and query. Google-type searches offer the ability to ask a question in simple form, and receive an answer you can understand. You don’t have to be a data scientist, a rocket scientist, a statistician or a data guru to perform the search or to understand the results!
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You may not be an analytics expert and you may find terms like PMML Integration somewhat daunting. But in reality, the concept is not complex, and the value is outstanding!
No matter the reason or the goal, when an enterprise chooses the right Augmented Analytics solution and carefully plans for and executes its implementation, it can optimize business results, reduce expenses and improve its market position, customer satisfaction and user adoption, and it is key to transforming business users to Citizen Data Scientists to improve results and team skills. Here, we examine the benefits of Augmented Analytics and how to plan and successfully execute an Augmented Analytics initiative.
Augmented Analytics was designed to remove the barriers erected by the traditional business intelligence and analytics solutions. In order to achieve data democratization and improve data literacy among team members within an enterprise, the organization must provide simple, easy-to-understand solutions that display analytical results in a way that is meaningful and intuitive.
There are many business issues surrounding the use of data to make decisions. One such issue is the inability of an organization to gather and analyze data. These enterprises will typically focus on building a team of data scientists or business analysts to help with this task OR they might take on an augmented analytics initiative to provide access to data and analytics for their business users. This is where businesses will often face a second issue; namely that the analytics solution they choose is not designed to easily and quickly provide insight into data and to ensure data quality.
As a software solution product and service provider, you are focused on the common issues your customers face, providing features and functionality that will satisfy the most customers and give you an edge in the market.
There are many reasons to consider adding embedded BI to your enterprise technology landscape. When you are making a critical business decision, one of the factors you probably include is how your competitors and other businesses are addressing the problems you are trying to solve. When making a decision about Embedded BI consider these survey results. Businesses that are currently using embedded BI within their enterprise, report the following: