The Lightning Experience is bringing the Presentation Layer of Wave / Analytics cloud into standard Salesforce Reports & Dashboard.
But the Backend Analytics engine of Wave / Analytics cloud will not be included into standard salesforce and will need a separate license / purchase
here's the snippet from Lightning Experience FAQ
Q: Do the reports and dashboards in Lightning Experience use Wave Analytics?
A: Lightning reports and dashboards use Wave Analytics charting to
give them a new, modern look and feel. However, the reports and
dashboards do not leverage the Wave reporting engine. The query engine
has not changed.