How Embedded Analytics Gets You to Market Faster with a SAAS Offering
Companies that offer products to their customers demand analytics, all while juggling multiple priorities. Customers expect rapid value from your product (time-to-value), unwavering security of their data, and access to advanced analytics capabilities. All this occurs within a highly competitive market where differentiation is key to success.
While maintaining the core functionality of your offering is essential, neglecting these differentiating features can negatively impact customer retention. Embedded analytics offers a strategic solution to this challenge. By seamlessly integrating industry-leading data intelligence and control features directly into your existing platform, embedded analytics unlocks significant advantages.
Why Embedded Analytics?
Traditional Business Intelligence (BI) tools offer valuable data analysis capabilities, but they have a barrier to entry that can lead to hesitation from a small and midsize business looking to capitalize on them, and a turnkey cloud-based offering for these tools removes that barrier. Here’s a breakdown of the key advantages embedded analytics offers:
- Boosts Adoption: Seamless integration within your platform removes friction and encourages users to leverage the analytics features.
- Empowers Users: Contextual insights and actionable intelligence tailored to user roles lead to faster, data-driven decisions directly in the workflow.
- Enhances User Experience: A familiar interface eliminates the need for separate BI tools, simplifying data exploration within the SaaS platform.
- Strengthens Value Proposition: Embedded analytics elevates your core product by offering powerful analytics, making your SaaS offering more competitive and attractive.
Embedded Analytics Challenges – and How to Overcome Them
Despite the benefits, it can still be difficult to get buy-in for BI and embedded analytics for your SaaS applications due to challenges like infrastructure costs, safety concerns, as well as uptime and scaling. However, the right embedded analytics technology can alleviate these valid stakeholder and customer concerns. Here’s how.
Infrastructure costs. Concerns over high infrastructure costs for self-hosting BI and analytics for your applications can stifle growth. A cloud-hosted SaaS model reduces these expenses, freeing resources for scalability and swift adaptation without traditional financial strains.
Security concerns. Nobody’s perfect, but your users shouldn’t bear the cost of poor security practices. The right SaaS-hosted analytics ensure data safety and secure user partitioning in a multitenant environment. When you have security measures you can trust, you can go back to focusing on growth.
Uptime and Scaling. Updating and scaling your embedded analytics should be seamless, not a burden on your staff. A cloud-based SaaS platform automates updates and scales dynamically to meet user demand, ensuring your application provides insights for users without interruption.
Navigating the Future: Generative AI, Application Analytics, and Data
Download NowWhat Your Users Want
With so many SaaS offerings to choose from, customer expectations for advanced, but intuitive, functionality are rising. According to insightsoftware and Hanover Research’s latest Embedded Analytics Report, embedded analytics users expect the following analytics features to be the most important:
- Data preparation tools (44%)
- Customizable dashboards (41%)
- Interactivity features (40%)
- Self-service analytics (37%)
- Error-free reports (37%)
Customer expectations for analytics within your SaaS offering are soaring. Basic reporting is no longer enough. Today’s users demand a sophisticated, user-centric suite of features. This includes tools for effortless data preparation, allowing them to jump right into analysis. Customizable dashboards with drag-and-drop functionality and interactive features empower users to personalize their experience and uncover deeper insights. Self-service analytics further boost user autonomy, allowing them to explore data and answer questions independently.
Meeting these expectations is crucial. By providing error-free, accurate data and reports, you ensure users trust the insights gleaned from your platform. This comprehensive approach empowers users and strengthens the value proposition of your SaaS offering, keeping you competitive in an evolving market.
Get Up and Running Fast
Small and midsized businesses aiming to launch products quickly must bundle dashboards, reports, and self-service analytics in their application to offer significant capabilities. But implementation can be a major growing pain for organizations that can’t afford a gap in operations.
The good news is you can deliver quick time to value without escalating costs for your customers. Cloud-hosted BI emerges as the optimal solution, propelling businesses to market swiftly with a full suite of analytics tools. This method circumvents the extensive costs and setup delays typical of traditional models. Using SaaS for analytics enables maximizing features and minimizing expenditure, significantly speeding up market entry.
Easy-to-use, Comprehensive Analytics with Logi Symphony
When you’re looking to embed analytics into a SaaS application, Logi Symphony by insightsoftware is the strategic advantage you need. Our industry-leading software delivers unmatched scalability and effortless integration through a robust SaaS model, accelerating deployment and empowering business growth.
If your development team is searching for advanced embedded analytics and business intelligence, Logi Symphony’s SaaS offering provides an instantly available, turnkey solution designed to accelerate time to market. Logi Symphony SaaS eliminates the complexity of starting from scratch, offering you a robust platform that enhances business intelligence for your customers right out of the box.
This embedded approach not only streamlines the deployment process but also significantly reduces the time and resources required to launch. Choose Logi Symphony SaaS for your new deployment, deliver immediate value to your customers and gain a competitive edge as your users enjoy actionable insights and data-driven decisions.
Ready to learn more? Tune into our on-demand webinar to learn about how Logi Symphony provides advanced AI and predictive analytics.
Unlocking the Power of AI in Logi Symphony
Watch Now