5 Business Intelligence Providers to Watch in 2016
Competition among vendors in the enterprise analytics market remains sky high. As a result, a new breed of solution providers have emerged to provide more modern tools for a new generation of users who require much more than legacy reporting capabilities. The most exciting, forward-thinking new solutions are more business-centric and user friendly, offering self-service and data discovery techniques to empower a new class of business users. The following Business Intelligence vendors have differentiated themselves, evolving with the times to provide solutions that promote analytical agility and user autonomy.
Whether its inclusion in the most recent Gartner Magic Quadrant, the release of an interesting new tool, or the securing of a new round of funding, these are the top 5 BI vendors we are keeping our eye on for 2016 and beyond:
Domo is a cloud-based business management platform that transforms the way business is run. Domo gives CEOs and decision makers across the organization the confidence to make faster, more effective decisions and improve business results by giving them one place to easily access all the information they need. Domo recently made waves in the enterprise space, announcing a second Series D funding round worth $131 million, and the release of Business Cloud, an ecosystem of business management apps that can be personalized by any organization or user. Domo was also featured for the first time in the 2016 Gartner Magic Quadrant for Business Intelligence and Data Analytics Platforms.
Looker is the only analytics tool that allows a data analyst to curate and centralize massive amounts of data – creating a crucial single source of truth – and an easy way for every business team to quickly ask and answer their own questions. Business teams no longer need to work with just subsets of data, while data analysts can focus on more complex analysis instead of a never-ending list of requests from across the company. What results is a data culture where everyone understands what’s working and informed decisions can be made faster and with confidence. It seems like only yesterday we first covered Looker, a fledgling Business Intelligence vendor with their own unique query language, LookML. After closing on a Series B funding round worth $30 million in March of 2015, Looker secured an additional $50 million in capital this past January, bringing their total funding to $94 million since launch in 2013.
Sisense simplifies business analytics for complex data. Powered by its unique In-Chip and Single Stack technologies – Sisense delivers unmatched performance, agility, and value, eliminating much of the costly data preparation traditionally needed with business analytics tools and providing a single, complete tool to analyze and visualize large, disparate data sets without IT resources. Like Domo, Sisense was a new inclusion in this year’s Gartner Magic Quadrant for Business Intelligence and Data Analytics Platforms. In addition, Sisense also recently released an update to its flagship analytics tool, Sisense 6.2, which features increased availability, a native connector to Google BigQuery, and dashboard and widget management enhancements. Back in January, Sisense closed on a $50 million dollar Series D funding round to further disrupt the enterprise analytics market.
Platfora is a Big Data Discovery platform built natively on Apache Hadoop and Spark. Platfora enables business users and data scientists to visually interact with petabyte-scale data in seconds, allowing them to work with even the rawest forms of transaction, customer interaction and machine data to find new opportunities and manage risk. Platfora is transforming the way businesses unlock insights, make decisions and produce better outcomes through the use of its industry-defining Customer Analytics, Security Analytics and Internet of Things solutions. Just last week Platfora announced that they have updated to version 5.2 of their flagship tool, adding native Tableau integration, Hadoop cluster functionality through YARN, and Lens-Accelerated SQL through any SQL client. In addition, the company was included with the other top BI vendors in Gartner’s 2016 Magic Quadrant and earned $30 million dollars in funding to expand their global reach back in December of 2015.
Alteryx is a leader in self-service Data Analytics. Alteryx Analytics provides analysts with the unique ability to easily prep, blend and analyze all of their data using a repeatable workflow, then deploy and share analytics at scale for deeper insights in hours, not weeks. Analysts love the Alteryx Analytics platform because they can connect to and cleanse data from data warehouses, cloud applications, spreadsheets and other sources, easily join this data together, then perform analytics — predictive, statistical and spatial — using the same intuitive user interface, without writing any code. On the verge of becoming a market leader in Gartner’s Magic Quadrant, Alteryx is growing precipitously, becoming one of the top vendors in the space in a relatively short period of time. After earning $60 million dollars in capital in October of 2014, Alteryx raised an additional $85 million in November of last year, helping to supplant them as a force in the enterprise space.