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There is a lot of hype around the topic of embedded analytics in the 21st century. Everyone wants to get their hands on this new technology and use it to build a "smart" solution that can interact with the real world of everyday life.
But what does embedded analytics really mean? How does it work? Is it really that difficult to use?
This article will answer these questions and give you a coherent idea of embedded analytics and how we can use its features. However, one thing is clear: you don't need to be a coding professor to use this service!
As part of business intelligence, embedded analytics is an advanced analytics feature that integrates analytical capabilities and data visualizations into another software application. Embedding real-time reports and dashboards allows end-users to analyze the data held within the software applications into which the analytics platform is embedded.
It's different from the traditional external analytics (such as Google Analytics), that we have to access outside our applications. Instead, this analytics solution also enables us to analyze this data and perform specific tasks using this information inside the applications.
The embedded analytics can be applied to a wide range of business' daily life functions such as marketing, sales, operations, product development, and many other aspects of human societies.
As you can see from the explanations above, the main purpose of embedded analytics is to make our business processes more efficient and increase their efficiency over time.
In other words, its artificial intelligence and analytics capabilities allow us to use information from these devices to improve our performance and make decisions based on critical thinking in real-time.
One of the most popular examples of embedded analytics you can find on the internet is Yellowfin's Embedded Analytics.
The embedded analytics feature that Yellowfin offers is a cloud-based solution. Valuable enough to reach the hall of fame, Yellowfin's Embedded Analytics is provided as a service to any business, be it e-commerce, digital agents, or banking.
Even people who work in the education sector, as Harvard Berkman Klein Center for Internet & Society has claimed, such as an assistant professor or an associate professor, can benefit from using embedded analytics to analyze student attendance or exam results.
It includes the following features:
Using embedded analytics, we can create an application that works in real-time and makes decisions based on this information. For example, suppose we have weather information about a particular city. In that case, we can develop an application that uses this information to make decisions regarding flight routes or rent a car for tourists, just like human intelligence will do.
We can analyze any kind of data held in the applications in which the analytics platform is embedded. This means that we can analyze the following kinds of information: location and movement data, mobile phone usage, sensor readings, mobile phone call logs, web browsing data, etc. And as it is artificial intelligence, the analysis can be free from errors in human judgment.
Using embedded analytics, we can perform complex calculations on this information and make decisions based on it. For example, suppose we have customer location information. In that case, we can create an application that uses this information to determine the most appropriate product for our customers, making their life direction easier to determine.
We can use visualization tools such as maps and charts to make sense of this information. For example, suppose we have an application that analyzes the digital divide for a particular city. In that case, we can use the chart or map provided by Yellowfin to understand the wealth disparity in that city.
We can connect our application with other systems such as ERP, CRM, inventory management, and others. For example, suppose we have customer location information. In that case, we can connect it with the accounting system to automatically create invoices for our customers.
Using the embedded analytics service, we don't need to worry about setting up the application or maintaining it on our own. The service provider takes care of all these things for us and allows us to focus on developing new applications or improving the individual lives of our existing ones. This also allows you to utilize the mobile BI feature that we offer on your Android or iOS devices.
We can use the embedded analytics dashboard to create different types of dashboards. For example, we can use it to display a chart showing the total number of new customers created in the last month. You can personalize your dashboard to your business and choose what needs to be included.
We can use the dashboard to access analytics that we can customize and make our own. For example, we can use it to create our own analytics project to show us the most important information about our customers' preferences for our products.
This feature allows us to incorporate data visualization or our analytics dashboard into our workflows. For example, suppose we have a sales process that we need to update with new daily information. In that case, we can create an application that shows us the essential information about our customers and their latest orders.
Your development team's quality of life will be thankful for this feature. It means you don't need a lot of complex code to use embedded analytics. The process is straightforward.
The embedded analytics service offered by Yellowfin is a reliable solution. It includes all the features mentioned above and provides you with the necessary tools to develop your applications using this information.
For example, suppose you want to know the weather forecast for your hometown. You can easily create an application using the data provided by Yellowfin and display it on your website.
The dashboard provided by this service allows you to create new applications easily. It analyzes and visualizes this information in real-time without any adverse effects.
The service also provides all the necessary tools for using this information in other systems such as ERP, CRM, and inventory management. This means that you don't need to worry about maintaining these systems or setting them up independently. The Yellowfin team takes care of everything for you.
We have answered the question "What is Embedded Analytics?" and provided you with a clear idea of what it is and how it works. We have also explained why you should choose Yellowfin's service over a similar analytics application.
Yellowfin's is the internet hall of fame-level solution. It provides you with all the necessary tools to develop your applications using this information.
It also includes a plug-in dashboard that allows you to create new applications easily, and analyze and visualize this information in real-time.
Get your business on the right track now with Yellowfin's Embedded Analytics!
