New Report from ESG Global Highlights Cost Savings and Competitive Advantages of Embedded Analytics
Research firm compared Logi Analytics low-code dev tools portfolio to in-house analytics approach for enterprises, showing $6.9M in savings over three-year timeline when using Logi Analytics
Logi Analytics, the leading provider of embedded analytics solutions for software teams, and the Enterprise Strategy Group (ESG) have released a new research report evaluating different analytic options within commercial and corporate software applications. ESG’s report compared Logi Analytics embedded analytics layer to similar analytics solutions developed in-house, finding that organizations using Logi Analytics increased go-to-market speed, developed competitively differentiated products, improved customer satisfaction, and saved money.
Software organizations are seeking to transform available data with analytics to provide new insight. The report highlights several of the key considerations in defining an approach to successfully deliver analytics within an application. These include cost to deploy, maintain, enhance and upgrade embedded analytics layer and its impact on time-to-market and product differentiation.
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Other key findings from the ESG report include:
- 50% lower up-front cost to build analytics capabilities with the Logi Analytics portfolio
- Up to 75% faster time to market when using Logi Analytics compared to open-source DIY analytics solutions
- An expected ROI of nearly 973% when working with the Logi Analytics portfolio over a three-year period
“Software teams are seeking to transform their applications with visuals, dashboards and reports that deliver insights and improve decision making,” says Kevin Greene, CEO of Logi Analytics. “This report quantitatively confirms the most efficient, effective approach to delivering analytics embedded within an application is utilizing Logi’s low-code, low-cost development tools.”
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“The debate of whether to build or buy an analytics solution should be a short one. No organization has unlimited experts, developers, and budgets to scale an in-house solution that encompasses everything from dashboards and visualizations, to interactive reports and self-service” says ESG Senior Analyst Mike Leone. “Logi’s portfolio of embedded analytics solutions checks all the boxes that are important to customers, and it delivers compelling TCO and ROI. By enabling organizations to easily embed highly scalable analytics into software products, development teams get more time back to focus on the core product capabilities, customers, and differentiation. The result is faster product releases and updates, improved customer satisfaction, and improved analytics capabilities with substantial savings, benefits, and reduced risk to the organization.”
Logi Analytics has been at the forefront of data analytics innovation for years, including this year’s launch of its new Logi Composer embedded analytics offering. The company recently launched several updates for Composer to bolster its out-of-the-box capabilities, including new security features for cloud applications, streamlined development experience, and expanded data connectivity capabilities including the new Dremio Smart Data Connector.
Logi Analytics market success continues to be recognized, with Dresner Advisory Services naming Logi Analytics as the #1 Embedded BI vendor for the second year in a row in its 2020 BI Market Study. Logi Analytics also recently won the 2020 Proddy Award for Best Business Intelligence (BI) solution presented by Product School as part of its annual awards showcase. And it was recognized as a leader in Business Application Research Center’s (BARC) BI & Analytics Survey 21 across several categories, including Operational BI, Embedded BI, and Cloud BI.
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