Did you know the world generated over 149 zettabytes of data in 2024 alone? That’s enough to stream Netflix continuously for 1.5 billion years.
The IT realm has reached an interesting crossroads. While advanced tools like AI can potentially revolutionize the business world, tech is only as good as the data that fuels it. Ironically, by embracing digital transformation, businesses are generating more data than ever, yet much of it remains untapped.
In this article, Dev.Pro explores embedded analytics as a means for harnessing the latent power of data and gaining a competitive advantage.
The Untapped Potential of Enterprise Data
In today’s digital-first world, every customer touchpoint creates actionable data. While digital transformation has turned businesses into data-generating machines, many don’t have the capabilities to utilize the data.
According to NTT Data: “Innovation depends on data to power technologies like predictive analytics and generative AI, but only 22% of organizations trust their own data. Nearly half (46%) of organizations don’t use data to gain insights or make decisions because a whopping 72% don’t consider their data a strategic asset.”
A big reason organizations fail to utilize their data is that they lack the systems to do so efficiently.
How Embedded Analytics Solves Data Problems
Embedded analytics puts useful data right inside the digital tools people are already using. In doing so, it greatly streamlines the data utilization process.
Instead of logging into a separate analytics tool like Tableau to view data reports, users can see relevant insights within the app they’re already using. By presenting rich data without the need to switch platforms, embedded analytics improves usability and productivity.
Key Tools to Bring Embedded Analytics to Life
No matter if you operate in healthcare or retail, organizations need the right mix of tools to maximize embedded analytics.
Embedded Business Intelligence (BI)
Embedded business intelligence (BI) integrates data visualization and reporting directly into an application or software product. As such, BI is often considered the core engine of embedded analytics, as it delivers data insights to the places where people work, like CRM, ERP, and SaaS platforms.
An example of BI in action would be a retailer using embedded analytics directly in their POS software. In this context, BI provides real-time insights for decision-makers in the most convenient places possible, thus enabling faster stock adjustments, smarter pricing strategies, and improved customer service.
Predictive Dashboards
Predictive dashboards use statistical models and machine learning to predict future business trends. When embedded in an app, dashboards forecast churn, predict sales, and flag high-risk accounts. As such, predictive dashboards elevate embedded analytics from passive reporting to proactive strategy.
The healthcare industry offers a great example of predictive dashboards at work. A health tech platform with an AI-powered predictive dashboard would flag at-risk patients by analyzing vitals, treatment history, and adherence patterns. After that, these insights are presented directly in clinical workflows for maximized convenience.
Role-Based Access
Role-based reporting structures data access by user type, allowing different stakeholders to view only the information appropriate to their roles. In turn, it ensures that embedded data insights are secure, relevant, and usable.
Since it is a highly regulated industry, role-based access is particularly powerful in fintech. In a hypothetical fintech organization, compliance officers access regulatory metrics, analysts can view customer transactions, and executives watch high-level financial performance.
Use Cases for Embedded Analytics Across Industries
Embedded analytics delivers measurable value in real-world use cases across diverse industries. Examples include:
Retail
- Customer purchase behavior analysis
- Store performance monitoring
- Personalized marketing campaigns
- Real-time supply chain tracking
Fintech
- Risk scoring & fraud detection
- Personalized financial recommendations
- Investment portfolio performance tracking
- User engagement and retention metrics
Hospitality
- Guest booking and occupancy trends
- Dynamic pricing optimization
- Staff scheduling and productivity insights
- Guest satisfaction and feedback monitoring
Healthcare
- Patient flow and appointment scheduling
- Diagnostic and treatment pattern analysis
- Billing and claims analytics
- Regulatory and compliance reporting
Summary
When it comes to embedded analytics, the writing is on the wall: making data accessible within everyday workflows leads to better business outcomes. In fact, 80% of companies that utilize embedded analytics enjoy shortened process durations. As businesses create zettabytes upon zettabytes of new data each year, opportunities to use this data will only grow.
By implementing tools like BI, predictive dashboards, and role-based access, you can maximize embedded analytics. The best part is, most organizations are already sitting on goldmines of data that they can use to gain an advantage in the marketplace.
Ready to Turn Your Data Into a Competitive Edge?
Dev.Pro specializes in building secure, scalable reporting systems tailored to hospitality, fintech, healthcare, and more. Whether you need predictive dashboards, real-time insights, or role-based access, our team of specialists has you covered.
Through flexible outsourcing and outstaffing models, we help you embed analytics where it matters most, without overloading your internal team.
Schedule a call today!