Domo Named a Leader in the 2024 Nucleus Research Value Matrix for BI and Analytics Technology
June 06 2024 - 3:05PM
Business Wire
Today Domo (Nasdaq: 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.
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.”
For a complimentary copy of the 2024 Nucleus Research Value
Matrix for Analytics Technology, visit here.
About Nucleus Research
Nucleus Research is the recognized global leader in
investigative ROI technology research. Using a case-based approach,
we provide research streams and advisory services that allow
vendors and end users to quantify and maximize the return from
their technology investments. We deliver the numbers that drive
better business decisions. For more information, visit
NucleusResearch.com or follow our latest updates on LinkedIn.
About Domo
Domo puts data to work for everyone so they can multiply their
impact on the business. Our cloud-native data experience platform
goes beyond traditional business intelligence and analytics, making
data visible and actionable with user-friendly dashboards and apps.
Underpinned by AI, data science and a secure data foundation that
connects with existing cloud and legacy systems, Domo helps
companies optimize critical business processes at scale and in
record time to spark the bold curiosity that powers exponential
business results.
For more information, visit www.domo.com. You can also follow
Domo on LinkedIn, X and Facebook.
Domo is a registered trademark of Domo, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240606008032/en/
Cynthia Cowen PR@domo.com
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