Business intelligence (BI) has become an integral part of modern organizations as they strive to make data-driven decisions.
Did you know in 2021, the global market for business intelligence had a value of $24.05 billion, up from $8.8 billion in the previous year?
Embedding BI within business applications has become increasingly popular as it provides real-time data insights and analytics capabilities to business users without having to switch between multiple tools and systems.
It is fact that businesses that use business intelligence are five times more likely, than those that do not, to make choices more quickly.
With the raising popularity of embedded business intelligence software, the confusion around which software to use has also risen.
In this article, we will take a look at the top 5 embedded BI software of 2023 that we have shortlisted just for your ease and convenience.
Before that, we will start by understanding what is embedded business intelligence software, why it is important, what are some tools and techniques for business analysis, and who are these softwares for.
Now, let’s get started!
Read more: The 8 best automated report builder tools of 2023
What Is Embedded Business Intelligence Software?
Embedded business intelligence (BI) software is a type of software that integrates data analysis and reporting capabilities into an existing application or business process.
The main goal of embedded BI is to make it easier for business users to access and analyze important data within the context of their daily work, without having to leave the application they are using.
Fun Fact: The adoption rate of business intelligence globally is 26%.
This allows organizations to make more informed decisions, respond more quickly to changes in their business environment, and improve overall operational efficiency.
Read more: The best Microsoft report builder alternatives in 2023
Embedded BI Software Features
Embedded business intelligence software typically includes a range of features designed to support the analysis, visualization, and reporting of data.
Some common features of embedded BI software include:
The ability to connect to a wide range of data sources, including databases, spreadsheets, cloud applications, and other data sources.
The ability to create interactive and dynamic visualizations that make it easier to explore and understand data.
Custom Business Dashboards:
A collection of visualizations and reports that provide real-time insights into key performance indicators and metrics.
These custom business dashboards can be tailored to every business needs to focus especially on the metrics that concern them the most.
The ability to create and publish reports that are based on data and can be easily shared and distributed.
Did you know that tools are used by 50% of financial organizations and 52% of software companies?
Tools and features that allow business users to explore data, create reports, and generate insights without the need for IT support.
Collaboration And Sharing:
The ability to share and collaborate on data insights and reports with others within the organization.
The ability to access and work with data on mobile devices, such as smartphones and tablets.
Features to ensure that data is secure, including access control, data privacy, and data governance.
The ability to integrate with other software and tools, such as customer relationship management (CRM) and enterprise resource planning (ERP) systems.
The ability to provide the client’s customers with a seamless, integrated experience that makes it seem like the BI software was developed by the client themselves.
It allows for customization of the user interface, navigation, and branding elements, providing a unique and cohesive look and feel for the embedded BI software.
Why Is Embedded BI Important?
On average, businesses utilize 3.8 distinct business intelligence technologies.
Embedded business intelligence is important because it provides several benefits to organizations, including:
1. Improved Decision-Making:
By integrating BI capabilities directly into business applications, embedded BI makes it easier for business users to access and analyze the data they need to make informed decisions.
This can help organizations make better decisions, respond more quickly to changes in their business environment, and improve overall operational efficiency.
2. Increased User Adoption:
Embedding BI capabilities directly into business applications makes them more accessible and easier to use for business users.
This can lead to increased user adoption, as more people can access and use the information they need to do their jobs effectively.
3. Enhanced User Experience:
Embedding BI capabilities directly into business applications can provide a more seamless user experience, as business users do not have to leave the application they are using to access data and insights.
4. Better Data Accessibility:
Embedding BI capabilities directly into business applications makes it easier for business users to access the data they need to do their jobs, regardless of where the data resides.
This can help organizations improve data accessibility and reduce the time it takes to access the information they need to make informed decisions.
5. Increased ROI:
By making it easier for business users to access and analyze data, embedded BI can help organizations increase the return on investment (ROI) they receive from their BI initiatives.
This can lead to improved operational efficiency and better decision-making, which can drive business growth and improve overall performance.
Top 5 Embedded Business Intelligence Software
Below we have compiled a list of the best embedded business intelligence softwares in the market currently.
Each of these will mention its features and pricing to help you make the right decision.
However, if you’re looking for a free business analytics software, we suggest you keep reading this.
DotNetReport (DNR) offers a robust setup process that makes it easy for users to get started quickly, without needing extensive technical knowledge.
It can help you save time and money on developing analytics modules for your business.
Instead, with its advanced technology, it can directly provide you with the functionality that you have been searching for.
Benefits Of Embedding BI With DotNetReport
There is a multitude of benefits to using DNR but we’ll just go with the top three.
DotNetReport allows developers to easily customize and embed reports into their applications without any additional software or tools.
The report builder is designed to support a wide range of use cases, from small businesses to enterprise-level reporting.
For clients and partners, we offer embedded business intelligence and dashboards, in addition to solutions made with your internal teams in mind.
The platform is optimized for scalability, ensuring that reports can be generated quickly and efficiently, even with large amounts of data.
DotNetReport offers a drag-and-drop interface that enables users to access information at the click of a mouse without needing any specialized understanding of what goes on behind closed doors in IT systems.
Your company’s branding, logos, or other distinguishing aspects can be incorporated into DotNetReport’s analytics interface to create a more streamlined or completely branded design, depending on your preferences.
- Plug-In Dashboards
You may have a beautiful and intuitive user experience with DotNetReport dashboards that will captivate your users.
- Self-Service Analytics
Our technology enables them to provide ad hoc reports and relieve your development team’s reporting effort, making everything operate more smoothly for everyone.
DotNet Report provides a straightforward API that can be used to integrate reports, charts, and dashboards right into your software’s workflow.
End users find it simpler because they can now analyze data in real-time without needing any programming experience!
You can enjoy higher productivity and contented teams and employees with cost-effective automation for scaling to thousands of distinct user groups.
Also, it offers a free trial so you can get the full experience before making the purchase!
There are four main packages:
Read more: 5 DNR Features That Make It Perfect For Creating Sales Dashboard
2. Microsoft Power BI
Power BI is a cloud-based data visualization and business intelligence tool developed by Microsoft.
It provides interactive dashboards, reports, and data visualization features that allow users to access and analyze data from various sources.
Power BI offers seamless integration with other Microsoft products such as Azure, Office 365, and Dynamics 365.
- All-In-One Analytics
On a single platform, satisfy your needs for both self-service and enterprise data analytics.
Access strong semantic models, a toolkit for application lifecycle management (ALM), a framework for open connectivity, and paginated reports with fixed layout and exact pixel placement.
- Richer Insights
By connecting, combining, and analyzing your whole data estate with Power BI and Azure, you can use your data as a competitive advantage.
- Quick Solutions
Utilize the most recent developments in Microsoft AI to assist non-data scientists in data preparation, machine learning model building, and the speedy discovery of insights from both structured and unstructured data, including images and text.
There are two price plans:
- Power BI Pro
You can get individual user licenses for cutting-edge, self-service analytics so they may share insights throughout your organization and visualize data using real-time dashboards and reports.
This is available at $13.70 per user/month.
This has two categories:
You can enable self-service data preparation for big data, expedite access to insights with advanced AI, and streamline data administration and access at the enterprise scale by purchasing licenses.
This is available at $27.50 per user/month.
You can enable your company with the ability to apply advanced AI to speed up access to insights, enable self-service big data preparation, and simplify data management and access at an enterprise scale.
All of this can be accomplished without requiring individual user licenses from content consumers.
The price for this is starting from $6,858.10 per capacity/month.
3. Qlik Sense
Qlik Sense is a data discovery and data visualization platform that provides a self-service BI experience.
It enables users to quickly create and share data visualizations, dashboards, and reports with others in their organization.
With its powerful associative engine, Qlik Sense provides insights that go beyond traditional BI tools.
- Visualizations & Dashboards
Qlik Sense provides a range of visualization options including charts, graphs, maps, and more to help you effectively display and analyze your data.
Additionally, it also provides intuitive dashboard-building capabilities that make it easy to create and share custom dashboards.
- Powerful AI
It uses AI algorithms to help you quickly identify patterns and relationships in your data, providing powerful insights that might otherwise be difficult to uncover.
- Active Analytics
Qlik Sense allows for real-time data analysis, enabling users to quickly identify trends and make decisions based on up-to-date information.
- Hybrid Cloud Platform
It offers a hybrid cloud platform that provides the scalability, security, and flexibility that businesses need.
This allows organizations to analyze data from a range of sources, whether they are on-premises or in the cloud.
Qlik’s pricing can be divided into two categories: data analysis and data integration.
Under Data Analysis, there are two subcategories: Qlik-hosted or Client-Managed.
- For the former, there are two packages:
- Qlik Sense® Business is for people who are looking for a cloud solution to operationalize analytics across their different groups and teams.
It offers best-in-class modern analytics, associative engine, augmented analytics, and group collaboration.
This has a free trial so you can explore this option before making the final decision. If you decide to buy it, it will cost you $30/user/month. It will be billed annually, so you will have to pay a total of $360.
- Qlik Sense Enterprise SaaS is for people who are looking for a cloud solution to grow and extend analytics across different departments and organizations.
It offers best-in-class modern analytics, associative engine, augmented analytics & AutoML, enterprise governance, increased capacity, and multiple user types.
Its pricing may vary depending on your needs and business type so you should check out their website and request a quote.
- For the latter, there is only one package.
Qlik Sense® Enterprise Client-Managed is for people who require a solution to expand analytics scale across different departments and organizations, managed by them.
It offers best-in-class modern analytics, associative engine, augmented analytics & AutoML, enterprise governance, Windows® server deployment, and multiple user types.
Again, its pricing may vary depending on your needs, the number of departments/organizations, and business type.
For people looking for a data integration cloud-based solution that monitors real-time data movement and transformation and integrates it successfully, this pricing plan is for you.
In this package, you get real-time change data capture, push-down transformations, automated data mart creation, universal connectivity, and enterprise-class scale and security.
The final quote may differ based on your business needs, so visit their website and ask for a quote.
Looker is a cloud-based data analytics platform that provides advanced data exploration and visualization capabilities.
It allows businesses to connect to any data source, explore and analyze data, and share insights with others.
With Looker, organizations can embed insights into their applications, websites, and other digital products.
Drag-and-drop functionality is provided to users of all skill levels through Looker’s robust explore the area.
This encourages everyone to think creatively and ask questions that go beyond pre-made dashboards and reports.
Using Looker BlocksTM, get your team up and running quickly.
Customers may simply add analytics for well-known SaaS solutions from the Looker Marketplace and incorporate other data sources into Looker.
- Multiple Integration
Utilize pre-packaged connectors with the leading SaaS applications to make dashboards and reports actionable.
Send data to applications like Slack, Dropbox, Marketo, and Segment to start workflows; utilize our API and webhooks to send data to other applications as well.
Be informed about problems before they arise. Set up alerts for orders that were fraudulently placed and sales that were dropped.
Set up reports to keep you updated on company performance.
Looker has a variety of pricing plans that are designed to meet the needs of the business.
It also supports nonprofit organizations and educators so try your luck with them!
Who knows they might be the free business analytics software you needed.
Tableau is a popular data visualization and business intelligence tool that provides powerful data analysis and visualization capabilities.
It enables organizations to easily connect to data from various sources, create interactive dashboards and reports, and share insights with others.
Utilize your current technological investments and expand with Tableau as the data landscape changes.
They provide alternatives for connecting to all of your data, regardless of where it is located, and for deploying analytics.
- Full Governance
Even when extending analytics throughout your organization, Tableau gives you enterprise-grade security and governance models to always keep you in control of the data.
Additionally, management is straightforward and effective, enabling IT to concentrate on what matters most.
Global companies use Tableau for the entire cycle of self-service analytics, from preparation to analysis to sharing, with governance and data management at every stage.
All of the pricing plans mentioned below are billed annually.
- Tableau Creator is for analysts that connect data, build vizzes, and publish dashboards for $70/user/month ($840 annually).
It includes Tableau Desktop, Tableau Prep Builder, and one Creator License of Tableau Cloud.
- Tableau Explore is for business users that allows them to edit existing vizzes for $42/user/month ($504 annually).
It includes one Explorer License of Tableau Cloud.
- Tableau Viewer is for executives that allows them to access existing dashboards for $15/user/month ($180 annually).
It includes one Viewer License of Tableau Cloud.
Bonus: Free Business Analysis Software/Tools Recommendations
- Zoho Reports
- The Elk Stack
6 Tools And Techniques For Business Analysis
Since we have considered the embedded BI softwares, it is only fair that we take a look at some tools and techniques for business analysis that can further help businessmen to get the analytics they want to see.
There are several tools and techniques that can be used for business analysis, including:
1. SWOT Analysis:
SWOT Analysis is a tool that helps businesses identify their Strengths, Weaknesses, Opportunities, and Threats.
It provides a comprehensive overview of the company’s internal and external environment and helps businesses develop a strategy to address the challenges they face.
2. Porter’s Five Forces:
Porter’s Five Forces is a tool that helps businesses analyze their competitive environment and understand the forces that drive competition in their industry.
It provides a framework for analyzing the five key forces that shape competition:
- The bargaining power of suppliers
- The bargaining power of buyers
- The threat of new entrants
- The threat of substitute products or services
- The intensity of competitive rivalry
3. Value Chain Analysis:
Value Chain Analysis is a tool that helps businesses understand the value they create through their operations and the different activities they perform to deliver that value to their customers.
It provides a framework for analyzing a company’s activities and determining where improvements can be made to increase efficiency and competitiveness.
4. Cost-Benefit Analysis:
Cost-Benefit Analysis is a tool that helps businesses determine whether a proposed project or investment is financially viable.
It provides a framework for evaluating the costs and benefits of a project and making informed decisions about whether to proceed.
5. Gap Analysis:
Gap Analysis is a tool that helps businesses determine the difference between their current performance and the performance they aspire to.
It provides a framework for identifying the gap between where a business is and where it wants to be, and for developing a plan to close that gap.
6. Root Cause Analysis:
Root Cause Analysis is a tool that helps businesses identify the underlying causes of a problem.
It provides a framework for investigating the root cause of a problem, determining why it occurred, and developing a solution to prevent it from happening again.
Who Uses Embedded Business Intelligence Software?
Embedded business intelligence software is used by organizations of all sizes, from small businesses to large enterprises, across a variety of industries.
It is especially popular among companies that need to make data-driven decisions and want to embed data insights directly into their business processes, applications, and workflows.
People who use embedded business intelligence software typically hold positions such as:
- Business Analysts
- Data Analysts
- Data Scientists
- BI Developers
- IT Managers
- Report Developers
- Project Managers
- Data Engineers
- Business Intelligence Managers
- Line-Of-Business Users (sales managers or marketing professionals)
These roles require the ability to work with data and analytics tools, and the use of embedded BI software is becoming increasingly common as organizations seek to make data-driven decisions.
These tools can be used by individuals in these roles to extract insights from data and embed them into their business processes, applications, and workflows.
In conclusion, embedded BI is an important aspect of modern business operations as it provides organizations with the ability to make data-driven decisions in real-time.
The top 5 embedded analytics tools of 2023 include DotNetReport, Microsoft Power BI, Qlik Sense, Looker, and Tableau.
These solutions offer a range of features and capabilities that allow organizations to effectively analyze and interpret their data within their business applications.
What are 5 embedded systems?
These are some instances of independent embedded systems:
- Digital cameras.
- Digital wristwatches.
- MP3 players.
- Appliances, such as refrigerators, washing machines, and microwave ovens.
- Temperature measurement systems.
What is MicroStrategy?
MicroStrategy is an enterprise BI application software vendor. Numerous elements on its main platform are intended to support businesses in making data-driven choices and streamlining operational procedures.
Is Python used in embedded systems?
Python can be utilized with hardware that is embedded, small, or minimal, depending on how limited the hardware is.