Businesses develop and/or license software solutions for a variety of reasons. Most enterprises invest in software to solve a problem, perform tasks, etc. But the useful life of a software solution and the breadth and depth of its overall value can often fall short of expectations for return on investment (ROI) and total cost of ownership (TCO).
‘By adding the value of Embedded BI with integration APIs, the team can achieve results, better leverage and use data by producing actionable reports and clear insight, and extend the useful life of the existing software applications.’
In order to leverage the full value of your users’ favorite software application and to increase user adoption, an enterprise can add embedded BI and augmented analytics. By providing seamless access to analytics in a single sign-on environment, the organization can ensure that business users get the tools they need to make recommendations, support decisions, report on progress, solve problems and identify opportunities, thereby improving the value of the existing software solution and the value of the team member as an asset to the organization.
With the right augmented analytics solution, business users can enjoy the advantages of sophisticated BI tools without additional training or complex processes and queries. Analytics are embedded via APIs for a seamless, scalable approach to analytics without a lengthy integration or implementation process.
According to Forbes, ‘the average single application today is powered by 18 APIs. Half of all B2B collaboration happens through APIs. And most staggeringly — 83% of all web traffic is attributable to APIs.’
Embedded BI with integration APIs offers numerous benefits including:
- The best of analytics and best practices of application integration to produce results and encourage user adoption
- Expansion and improvement of the value of existing software applications by adding integrated analytics
- The use of data within an existing application or software product to produce meaningful analytics and reports
Every business management team looks hard and long at software investments. These investments are typically expensive and time-consuming and often over promise when it comes to results. But once committed, these investments must be justified and cannot be undone without a lot of difficulty, confusion and complex backtracking. After the implementation, the IT team and business users are committed to the use of the software (whether it is helpful or not) and business managers find themselves in a quandary. They need the software to perform certain tasks but the software does not provide the promised value, ROI or TCO.
By adding the value of Embedded BI with integration APIs, the team can achieve results, better leverage and use data by producing actionable reports and clear insight, and extend the useful life of the existing software applications – all without requiring extensive training or complex implementation and additional high-cost investments.
‘In order to leverage the full value of your users’ favorite software application and to increase user adoption, an enterprise can add embedded BI and augmented analytics.’
Leverage the Smarten approach to Embedded BI And Integration APIs to add powerful functionality and provide access to existing ERP, SCM, HRMS, CRM or any other products and to provide analytics capabilities within existing products without major Investment. Reduce time to market and stay ahead of the competition!
Original Post : Improve ROI and TCO with Embedded BI & Integration APIs!Share