Monday, June 17, 2024

Domo Named a Leader in the 2024 Nucleus Research Value Matrix for BI and Analytics Technology

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Domo announced it has been named a leader in Nucleus Research’s 2024 Business Intelligence (BI) and Analytics Technology Value Matrix for the fourth consecutive year. Nucleus Research recognized Domo for its ability to combine business intelligence, interactive dashboards and near real-time visualizations to enable businesses to transform their data into actionable insights. The analyst firm highlighted Domo’s consumption-based pricing model, noting that it provides users with the flexibility to easily take advantage of the breadth of Domo’s cloud-native platform.

According to Nucleus Research, the BI and analytics market in 2024 is characterized by a convergence of advanced technologies, user-centric design principles, and a broader democratization of data utilization, fueled by the integration of generative AI and a renewed focus on empowering line of business users. As a result, vendors have moved beyond traditional BI and analytics capabilities, shifting focus further toward no and low-code data science, analytics automation, and data engineering.

The Nucleus Technology Value Matrix assesses the operational value a solution delivers, provides a relative positioning of the important vendors in a market and delivers a framework for evaluating the suitability of a solution. The 2024 BI and Analytics Technology Value Matrix measured vendor offerings on both usability and functionality.

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Nucleus Research also touted Domo’s leadership and innovation in artificial intelligence (AI) through its ability to deliver machine learning, natural language processing, predictive analytics and generative AI capabilities in a unified service.

“We’re honored that for the fourth consecutive year, we’ve been named a leader by Nucleus in its 2024 Analytics Value Matrix. This underscores Domo’s continued focus on innovation and helping our customers leverage their data to make better decisions,” said Ben Schein, SVP of Product at Domo. “We’re proud of our ability to offer our customers powerful workflow engines, low-code and pro-code tools for developing custom applications, fully automated governance and AI-generated insights to help them see what’s going on in their business and make the best data-informed decisions.”

“Domo continues to be recognized as a leader in the Analytics Value Matrix because it delivers a comprehensive solution that bridges the gap between IT security needs and business agility,” said Alexander Wurm, senior analyst at Nucleus Research, Inc. “Unlike traditional systems that may create silos and friction due to their singular functionality, Domo integrates with existing tools while also providing comprehensive solutions across various functions.”

SOURCE: Businesswire

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