Domo Named a Leader in the Nucleus Research 2024 Embedded Analytics Technology Value Matrix
02 Dezember 2024 - 10:05PM
Business Wire
Today Domo (Nasdaq: DOMO) announced it has been named a leader
in Nucleus Research’s 2024 Embedded Analytics Technology Value
Matrix for the fourth consecutive year. The Embedded Analytics
Technology Value Matrix assesses vendors according to the usability
and functionality of their respective solutions, as well as the
value that customers realized from each product’s capabilities.
For this Value Matrix, Nucleus Research evaluated Domo
Everywhere, which enables businesses to embed Domo's analytics
capabilities into their own applications, websites and products.
The firm highlighted benefits for organizations leveraging Domo and
Domo Everywhere, including:
- Increasing analytics adoption internally by embedding
user-specific analytics directly into users’ core workstreams and
operational tools.
- Building and delivering highly customizable data products that
can significantly lower upfront investment and decrease maintenance
costs compared to manual development.
- Enabling businesses to deliver insights and analytics to
partners and customers using their existing data and
infrastructure, often generating new revenue streams while
differentiating a customer's products and services.
- Operating white-labeled instances and acting as administrators
for an organizations’ unique reporting needs, drastically reducing
ongoing administrative costs.
“In today’s competitive landscape, organizations must empower
all stakeholders – internal and external - with AI-powered insights
that are integrated into existing product lines, and it is both
cost-effective and easy to maintain. Domo Everywhere is a powerful
solution that ensures that all users can scale their data insights
for their ecosystem,” said Daren Thayne, CTO and EVP of Product at
Domo. “To once again be recognized as a ‘Leader,’ as well as the
highest-ranking vendor in the Nucleus Embedded Analytics Value
Matrix, is a testament to our ability to empower organizations to
extend self-service analytics and fuel collaboration with their
partners, customers and other users.”
As part of the Value Matrix evaluation, Nucleus Research
interviewed multiple organizations using the Domo platform and the
Domo Everywhere solution. The firm highlighted its findings in the
Unified Embedded and Product Analytics with Domo report. In it,
Nucleus found that Domo Everywhere customers realized between 10 to
35 percent time savings for analytics teams, 55 to 70 percent
faster data request fulfillment cycles and a 300 percent increase
in upsell adoption rates. These results were made possible using an
integrated approach to embedded and product analytics that enabled
users to easily deliver analytic content and effectively examine
its usage among end-users.
“Domo continues to be recognized as a leader in embedded
analytics because of its ability to strengthen end-user
experiences, drive engagement and unlock additional revenue
streams,” said Alexander Wurm, senior analyst at Nucleus Research,
Inc. “Domo Everywhere is an impressive offering that enables
businesses to build customer-specific analytics using existing
datasets, ETL processes and visualizations while maintaining brand
consistency through customizable UI elements. In addition, the
generative AI advancements within Domo.AI provide machine learning,
natural language processing and predictive analytics features to
embedded analytics users.”
For a complimentary copy of the 2024 Nucleus Research Value
Matrix for Embedded Analytics Technology, visit here.
For a complimentary copy of the Unified Embedded and Product
Analytics with Domo report, 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/20241202392095/en/
Cynthia Cowen PR@domo.com
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