At Yurbi, we receive a lot of interest from companies that have their own software who want to incorporate Yurbi into their systems via embedded analytics, white label, or an OEM license. These companies have the capabilities to build their own BI software, but it doesn’t always make sense for a company to build.
So the question remains: When does it make more sense for an organization to partner with a BI vendor and buy embedded BI, and when does it make the most sense to build? Keep reading for our take on it.
Software vendors might lean toward building their own set of dashboards and reports because they have developers and know what they need out of the product, but basing the decision to build a BI solution solely upon having the resources to build it isn’t always the best decision. Here are a few scenarios where you should buy, rather than build, your BI solution:
Though it often makes sense to purchase embedded BI, sometimes building your own is the better option. Here are a few scenarios in which you should build your own dashboards, reports, and/or ad-hoc reporting solution:
A common misconception among companies is that embedded BI solutions are really expensive, which is why companies will attempt to build their own tools. It’s true that the big BI brands are costly, but when you look at the more affordable and agile tools like Yurbi, the time someone internally would spend on building just one dashboard or report typically will pay for Yurbi. This is because if you look at the cost of a Yurbi license and the assistance you get from our Customer Success team versus the time and resources it will take for a developer to build the BI solution in-house, Yurbi is clearly more cost effective and efficient.
Don’t be pennywise and pound-foolish – building a dynamic BI solution is no easy feat. Unless your BI use case is a one-off report or if your company falls into any of the above “when to build your BI solution” categories, it’s best to purchase your BI solution. The cost of purchasing a BI solution versus the cost of your internal resources won’t even out, and you’ll free up your developers’ time to address projects that are core to your software.
To find out more about how your organization can make the right decision when it comes to buying vs building your BI solution, read our free eBook “The Top 5 Challenges of Embedded Reporting” Then, contact us to find out everything you need to know to help calculate your BI costs and develop your usage strategy.