How to Find the Perfect Solution for Your Embedded Analytics

February 14, 2021

You’ve decided to invest in embedded analytics. Great! So, now what? What is embedded analytics? You will need to figure out which vendor is the best fit for your business.

Let’s start by examining the list of requirements and features that are critical to this assessment. These are the most common:

Choosing the right solution involves a great deal of research. This includes three steps, (1) assessing the technology, (2) understanding the expertise of the vendor, and (3) putting together an A-to-Z plan for success.

First, we will provide more detail about the evaluation criteria. Then, we will walk through the entire process for an end-result that is successful.

#1 Self-service capabilities are at the top of the list of important features for the end-users of your app. Make sure that the capabilities important to your project are front and center. Plan how you will deliver and iterate these within your application.

#2 Make sure your data environment is good-to-go. Meaning, the solutions you think about should mesh with your current data architecture. These must be flexible enough to meet the changing demands of users.

#3 Launch plans for embedded analytics vary from that of traditional BI. The former places more of an emphasis on the ability to integrate and customize. Application providers often want to offer a smooth user experience and one that is like its existing app and brand. A laser focus on enhancing the value of your application while at the same time, reducing the cost of development.

#4 Time-to-value is so critical to the success of the project. Having an environment where you can create, style, embed, and deploy analytics is crucial. With these, your team will be able to deliver the functionality that your business demands.

#5 Choosing the right partner is not just about the technology. It’s about finding the right level of expertise and team commitment to get you to the finish line (and beyond). Some reminders:

• Be sure the licensing terms make business sense for the short and long term.
• Assess the range of professional, technical, and training services

Inquire of your vendor’s experiences and expertise in making others like you successful.

How to choose the best embedded analytics vendors for your business?

Now that we’ve figured out the criteria for comparing vendors, let’s look at how to choose the best one for your business.

1. Determine Your Goals

To get where you want to go, write it down. Increase your likelihood of success simply by putting your goals on paper. Think quantitative and qualitative.

2. Establish the Timeline

Identify the steps you’ll take to reach your goals.

3. Assemble the Team

Pick the stakeholders who need to be involved. Who is going to care about embedded analytics inside and outside the business?

4. Plot Requirements

Review your requirements. Weigh the importance of each.

5. Research Vendors

Assess which vendors’ functionality matches your must-haves. Use independent industry resources, such as the 2021 Wisdom of Crowds® Business Intelligence Market Study report. This will help build your initial list.

6. Complete Technical Evaluations with a Select Few

Narrow down your list to the top two or three vendors. This is where you’ll want to establish clear-cut guidelines for what you want to accomplish within a reasonable timeframe of, say, thirty days.

7. Talk to References

Look for references that are similar (in terms of size, industry, use case, etc.) to your organization.

8. Select a Vendor and Get Started

It’s go time! Choose the vendor with whom you feel most confident as a partner to reach your goals. Look beyond software and focus on the vendor who gives you the highest chance of success.

9. Monitor, Adapt, and Optimize

After three to six months, do a check-up and consider reengaging with your vendor’s services. Assess additional services that could take you to the next level.

Final Steps

At this final stage, a vendor has been selected. Congratulate the team on a job well done as it can be a lengthy process, but it will be worth it in the end.

One point is for certain. In the realm of analytics, change is ongoing. Your users will demand more, and it will be up to the technology and customer success teams to create and deliver better and quicker. Ultimately, you want to bring the most value to your application, your business, and your users.

Your vision is clear. You know precisely what to do and the detailed steps to follow. It is time to kick off your mission and begin your search for a vendor that specializes in embedded analytics. Start off on the right foot by taking less than five minutes to review this demo from Logi Analytics.