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ThoughtSpot-Alteryx Partnership to Revolutionize Analytics with AI

ThoughtSpot-Alteryx Partnership to Revolutionize Analytics with AI

ThoughtSpot has recently partnered with Alteryx to boost analytics endeavors with AI.

The aim is to transform businesses through systematic data analytics simplifying the entire process for business users. Right from data preparation to insight generation, Alteryx in association with ThoughtSpot is expected to perform advanced analytics, evaluate meaningful insights and answer relevant questions – all using an all-natural, simple language search.

Constructing Business-driven Data Analytics Pipeline

Data is everywhere. Small and big business houses leverage the power of data science and invest large amounts in technologies that transform industries. Nevertheless, there are still many organizations that fail to put this data into the right hands. Data matters the most for business people. They are the ones who drive the change and data needs to reach them.

The latest collaboration between Alteryx and ThoughtSpot has re-conceptualized the whole idea of data pipeline by empowering every single business person, irrespective of their technical superiority, to connect, evaluate and model intricate data using Alteryx and then immediately start discovering insights using search and AI-driven analytical frameworks by ThoughtSpot. The amalgamation comes with a set of new tools that let Alteryx users add original ThoughtSpot Bulk Loader connections and ThoughtSpot TQL statements directly into a workflow of Alteryx.

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This system automatically offers several advantages to the businesses, including:

  • Connect, modify and model intricate data in a fraction of a second – The users can now collect data from their organization with the help of a high throughput fast parallel loader, transform it and then model it for further analysis more efficiently than before.
  • Faster results – Business users enjoy the liberty to work with data that matters the most, apply sophisticated analytical tools and unravel crucial automated insights while releasing valuable analytical resources that can be employed in other high-value and strategic projects.
  • Advance with AI – The users get to develop machine learning and AI models in an absolutely code-friendly and code-less environment. Later, they can use search to absorb and share insights derived from these models.

The Leaders’ Opinions

On the above context, Toni Adams, Vice President, Global Alliances & Partnerships at ThoughtSpot shared that today’s enterprises cannot afford to wait for days in the hope of putting insights in the hands of the business users. The business users need to be empowered with every mean to churn out insights directly from the most complex data. Fortunately, the recent partnership is likely to change the complete dynamo of data pipeline by transforming every employee of an organization into a data-driven powerhouse capable enough to derive insights instantly. This will eventually make operations simpler and productive.

Furthermore, Steve Walden, Senior Vice President of Business Development, Alteryx emphasized that they believe in strengthening business capabilities by empowering every data worker of the organization. These workers, in turn, will transmute data into actionable insights faster and tweak business outcomes. The partnership with ThoughtSpot is expected to enhance ease-of-use throughout the entire analytics pipeline and unleash unprecedented value for every joint customer.

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About Alteryx

Transforming businesses through data analytics, Alteryx is a reputable end-to-end analytics platform that entitles data analysts to connect, deliver powerful insights and witness the thrill of deriving answers pretty faster. For more information, click www.alteryx.com.

A premier data analytics training institute, DexLab Analytics offers comprehensive Alteryx certification training in Delhi. Through hands-on training and real-life examples, the expert consultants help you master the intricacies of Alteryx for complex data analytics. Enroll Now.

 

The blog has been sourced from: www.marketwatch.com/press-release/thoughtspot-partners-with-alteryx-to-advance-analyticswith-ai-2019-03-14

 

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Alteryx and Its Popular Use Cases

Alteryx and Its Popular Use Cases

Alteryx, a quick-to-implement data analytics tool, allows data analysts and scientists to work out business problems with unprecedented speed. This end-to-end platform enables data professionals to carry out diverse activities. With Alteryx, it’s possible to create a repeatable workflow in order to automate data tasks done manually. It offers intuitive interfaces, both code-friendly and code-free, for analytics modeling. While some data analysts value the predictive modeling, applications development and geospatial tools offered by Alteryx, others depend on it for data enrichment. The Alteryx Designer allows one to organize, blend, match and analyze data from a variety of sources that include flat files, APIs and much more.

Alteryx is very popular among business users as it provides a unified analytics experience for the entire enterprise. Below are two popular use cases where organizations have implemented Alteryx and achieved measurable results.

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Schneider Electric improved sales operations efficiency with Alteryx

Schneider Electric is an energy management consultant involving over 150,000 employees and operations in over 100 nations. They were seeking out newer and improved ways to identify top customers with excellent revenue potential and deploy sales resources proficiently. Managing manual processes and plenty of sources of dissimilar sales data, customer data, market data, company financials, etc., is quite a task. Naturally, this overwhelmed the Business Analytics team, slowing down the process of obtaining valuable sales-oriented insights and delaying decision-making too.

As a way out for the account selection process, they resorted to Alteryx and came up with an integrated analytics solution. This hugely sped up the generation of the high-revenue customer list. Alteryx automatically gathered and blended third-party and in-house data, and provided insights in half the time as required by the sales team previously.

Better Insights: Alteryx enriched data quality and included a higher number of data sources. Hence, sales managers got the necessary inputs to optimize deployment of sales resources on main customer profiles.

Hours vs. Weeks: Alteryx helped deploy resources to the right customers with great speed. The analysis time was brought down to three weeks from eight weeks.

Intuitive Workflow: Productivity as well as time-to-insight improved because Alteryx permits analytical applications to be shared between analysts.

AAA National used Alteryx for analyzing customer profiles, resulting in improved servicing

AAA National, a reputed alliance of motor clubs all over North America, wanted a better strategy so that member clubs can sell extra products to active members. Moreover, new members had to be located in each territory and brick-and-mortar offices were to be optimally placed depending on the demographics and drive-times of customers. However, each club handled their own data and aggregating all the information was quite a challenge for Database Administrators. Often, the data would be incomplete or erroneous.

Alteryx Analytics with integrated spatial analysis was implemented to generate self-explanatory drive-time maps along with reports. This enabled member clubs to form a clearer understanding of their membership base and also improve response times and staffing pertaining to the enterprise’s emergency roadside service.

Better Insights: Facilitated a clearer understanding of purchase history and demographics of club members, improving branch location decisions and marketing campaigns of the clubs.

Hours vs. Weeks: Previously, the time taken to generate a precise data set for analysis work took over three days; this time came down to two minutes.

Intuitive Workflow: There was no longer any need to use four kinds of tools to check membership requests. A single tool was sufficient for data blending, improvement and spatial analysis, reducing errors and saving money and time.

Feeling inspired to employ Alteryx concepts like insightful dashboards, data blending and intuitive workflows? Look up Alteryx Training Institutes in Delhi NCR. DexLab Analytics offers advanced Alteryx certification courses best suited for data professionals looking to build a lucrative career in this field.

 

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