What even is multi-tenant analytics?
The idea of multi-tenancy has become increasingly popular over the last few years, especially with the rise of software-as-a-service and cloud computing solutions, and it’s not hard to see why.
Multi-tenancy allows service providers, including analytics vendors, to use resources more efficiently and provide more cost-effective solutions to their customers.
How does multi-tenancy fit into the world of analytics tools, though? How does it influence other functions like embedded analytics?
Find the answers to these and other essential multi-tenant analytics questions in this in-depth guide.
What Is Multi-Tenant Analytics?
The term “multi-tenant analytics” describes an analytics platform built on a multi-tenant architecture. Multi-tenant architecture involves a single software application that serves multiple customers.
This kind of analytics delivers dashboards and various reporting capabilities to numerous “tenants” or end users.
An example of multi-tenancy is a banking app used by thousands of members. Each member uses the app to access their own accounts, make withdrawals and deposits, etc., without ever seeing or having access to another user’s financial information.
Benefits of Multi-Tenant Analytics
Multi-tenant analytics and architecture offer the following advantages:
- Coexistence: Multi-tenancy allows different client organizations to coexist with one analytics platform or app. Each tenant has dedicated sources to ensure data stays separate, protecting sensitive information and ensuring compliance with data privacy regulations.
- Affordability: Multi-tenancy is also more cost-effective. Utilizing shared infrastructure, resources, administration, etc., allows for reduced ownership costs.
- Collaboration: Multi-tenancy encourages collaboration and knowledge sharing among tenants and empowers organizations to compare and contrast data insights and identify areas that need improvement.
- Scalability: Multi-tenant architecture is more scalable than other options, too. For example, organizations can increase storage capacity, processing power, user licenses, etc., without affecting other users’ experiences.
- Updates: Multi-tenant analytics providers can apply updates and patches to the entire system at once, which saves them from having to make separate upgrades for individual customers.
What Is Embedded Analytics?
Embedded analytics does not look and act as a standalone software solution. Instead, it is integrated within another software solution, app, or web portal.
Benefits of Embedded Analytics
Embedded analytics also offer several benefits to users and software providers, including these:
- Real-time analytics: Embedded analytics ensure users can access the most up-to-date information, delivered directly to them in an app or web portal.
- Data-driven decisions: Because they can access real-time information, users can rely on embedded analytics to make more data-driven decisions for their organizations.
- Efficiency: Access to real-time analytics can also help users work more efficiently and trust that they’re utilizing the most up-to-date data.
How Do Multi-Tenant Analytics Affect Embedded Analytics?
Say you want to provide embedded analytics to your customers and provide access to dashboards, charts, and other tools within your app. In that case, you must make sure that different users and customers cannot access or see data that doesn’t belong to them.
This is where the utilization of multi-tenancy comes in.
By offering multi-tenant architecture (and multi-tenant analytics) as part of your solution, you can trust that all users’ data stays private and protected.
Multi-tenancy services can reduce the complexity and required customizations you may run into when you try to embed analytics into your software or application. It allows you to keep data isolated easily and also supports a variety of tasks within one account.
An advantage of multi-tenant solutions is that they reduce the complexity and required customizations that users often encounter when embedding analytics into their software or applications. Multi-tenant analytics allows users to keep data isolated while also enabling users to carry out multiple tasks within one account.
For example, imagine you’re an independent software vendor. With the help of multi-tenant architecture, you can assign dedicated isolation spaces to different users within one customer account.
By assigning separate isolation spaces, you and the software users can trust that they are only sharing data with others who are authorized to view and interact with it.
Multi-Tenant Analytics and Data Security
When you provide your customers with multi-tenant analytics solutions, you must give them peace of mind that they are each having a personalized experience and that their data is secure.
When you combine the security features of multi-tenant architecture -- including encryption tools, firewalls, and collaboration controls -- with embedded analytics, you can easily show specific data only to authorized users.
Multi-Tenant Analytics Potential Challenges and Solutions
Some providers express concerns about adopting multi-tenant architecture and analytics. Some of the most frequently cited concerns are shared below, with solutions:
- Data Privacy: Concerns about data privacy and security are understandable when multiple organizations use the same infrastructure. With audit trails, access controls, encryption, and other safeguards, security risks can be significantly mitigated.
- Performance Changes: When the number of users increases, the software may experience changes in usage patterns and demands. System administrators can prevent or quickly rectify performance issues, though, by managing resource allocation carefully.
- Customization: Shared platforms don’t inherently cater to unique user requirements. However, software providers can include customization features that allow for increased consistency and better branding.
What Yurbi Can Help in Multi-Tenant Analytics
It's worth noting that Yurbi robustly supports both multi-tenant and single-tenant environments.
In multi-tenant settings, Yurbi ensures data isolation, security, and personalized analytics per tenant. For single-tenant frameworks, it provides tailored analytics environments where businesses can enjoy greater customization and control over their data, irrespective of the size of the business.
Yurbi's comprehensive architecture accommodates each tenant's unique requirements. Whether you err on the side of data isolation and customization in a single-tenant structure, or prefer the efficiency and cost-effectiveness of a multi-tenant architecture, Yurbi is designed to flexibly meet these varying demands, fostering an environment where embedded analytics can truly thrive.
Experiencing this versatility firsthand can be a game-changer. We invite you to book a meeting with our team or avail of the free live demo sessions Yurbi offers. Discover for yourself how Yurbi can support your specific tenant structure and enhance embedded analytics capabilities in your organization.