Syncfusion has been named as a Sample Vendor of embedded analytics in four recent Gartner reports:
These reports are all-encompassing analyses of technological solutions for specific industries. The fact that each pertains to a unique sector demonstrates the wide applicability of embedded analytics. At Syncfusion, we believe in the utility of embedded analytics everywhere, which is why we’ve put so much effort into dozens of sample dashboards, spanning more than 20 industries. Embedded analytics is an invaluable tool in any business that generates data. Without analytics, data languishes, and businesses miss opportunities for growth—growth in customers, revenue, products, and more.
The unique value of embedded analytics is that it puts a company’s data to work within the day-to-day applications that the company already employs. That contextual focus—no need to switch to a separate analytics app or web domain—erases a hassle that, while seemingly minor, adds up to a significant obstacle over time. Embedded analytics is the solution to those few minutes wasted multiple times a day, every day. It’s seamless access to powerful analytics and business intelligence.
But enough about what we think of embedded analytics. Let’s see what these Gartner reports had to say about its application in CRM, analytics and business intelligence, and finance analytics.
Gartner Hype Cycle reports analyze technologies in terms of expectations over time, starting from a new technology that captures press and industry attention, the ascension of such technologies on exaggerated or misunderstood benefits, the decline that follows when reality about the technology sets in, and finally the redemptive climb into well-understood uses and applications. If you are a Gartner client, you can access the full Hype Cycle reports that identify Syncfusion as a Sample Vendor here:
In these reports, embedded analytics is placed on the climb toward wider adoption and understanding, with an estimated timeline of maturation of two to five years. In its examination of the “drivers” behind embedded analytics, Gartner cites the “trend toward composable architectures” and “consumerization of analytics.”¹
Regarding the value of the first point, the reports state: “Composable embedded analytics will enable organizations to create a best-of-breed solution made up of components from vendors across the data and analytics landscape.”¹ For the second point: “Many vendors in the [analytics and business intelligence] space have shifted focus from enabling business analysts to empowering business consumers to ask and answer questions.”¹
These findings apply to the varied specializations of CRM sales technology, analytics and business intelligence, and finance analytics, and align with several of the design priorities we have built our embedded analytics solution on. Other embedded analytics Sample Vendors named in the reports alongside Syncfusion include Microsoft, Salesforce, and Oracle.
The 2022 Finance Technology Bullseye Report divides finance technologies into categories of core finance technologies, supportive finance technologies, process automation and optimization technologies, and advanced data and analytics technologies. The tech in each category is further sorted by its presence in companies, from early explorations to outright daily use; by the overall value of the tech; and by forecasted future investments in it.
Gartner places embedded analytics in the edge of the exploring phase, nearly crossing over into adopting. According to the report, “Advanced data and analytics (including AI) is the category where we see the most technologies delivering high value and where finance executives expect to increase investments…In fact, 15% of survey respondents indicated that in the next two years, they will invest far more than now in advanced data and analytics.”² We like the sound of that.
Bold BI is Syncfusion’s enterprise embedded analytics solution. With it, you can embed powerful analytics and business intelligence dashboards directly in your apps and bring your data from any source into it to uncover actionable insights. You can create a dashboard any way you like with Bold BI’s 35+ widgets and 130+ supported data sources. We encourage you to check out our sample solutions for finance, sales, predictive analytics, and marketing. There are plenty more industry-specific solutions to browse once you’re there, so you can see just how widely applicable embedded analytics is. You can start a free, 15-day trial of Bold BI at any time.
For us, being acknowledged as a Sample Vendor in four Gartner reports is encouraging. We’re determined to continue developing what we think is a a first-class embedded analytics solution.
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¹ Gartner. Hype Cycle for CRM Sales Technology, 2022. Melissa Hilbert, Adnan Zijadic, Ilona Hansen. July 4, 2022.
Gartner. 2022 Hype Cycle for Analytics and Business Intelligence, 2022. Peter Krensky. July 14, 2022.
Gartner. Hype Cycle for Finance Analytics, 2022. Grant Nelson, Clement Christensen. July 12, 2022.
² Gartner. 2022 Finance Technology Bullseye Report. Alejandra Lozada, Matthew Mowrey, Nisha Bhandare. March 23, 2022.