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Alteryx vs ThoughtSpot
June 28, 2023 | Author: Michael Stromann
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Alteryx provides an indispensable and easy-to-use analytics platform for enterprise companies making critical decisions that drive their business strategy. Alteryx Analytics provides analysts with an intuitive workflow for data blending and advanced analytics that leads to deeper insights in hours, not the weeks typical of traditional approaches.
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ThoughtSpot is the AI-Powered Analytics platform that empowers everyone to ask any data questions in natural language, get accurate answers, and take action.
Alteryx and ThoughtSpot are prominent players in the data analytics market, each offering unique capabilities to support business intelligence needs. Alteryx is a powerful data integration and analytics platform that excels in data preparation, blending, and advanced analytics. It provides a visual workflow environment that enables users to easily manipulate and transform data for analysis. Alteryx empowers users to build complex data pipelines and perform advanced analytics tasks, making it a robust choice for data professionals. On the other hand, ThoughtSpot specializes in search-driven analytics, allowing users to ask questions in plain language and receive instant insights using its AI-powered search engine. ThoughtSpot's strength lies in its ability to rapidly explore vast amounts of data and deliver precise answers, making it a great choice for business users seeking quick insights.
See also: Top 10 Business Intelligence software
See also: Top 10 Business Intelligence software
Alteryx vs ThoughtSpot in our news:
2023. ThoughtSpot acquires BI platform Mode Analytics
ThoughtSpot, the AI-powered data analytics platform provider has acquired Mode Analytics, a startup specializing in business intelligence. The acquisition, worth $200 million, will enhance ThoughtSpot's generative AI applications and result in a doubling of its customer base. ThoughtSpot's platform is designed to enable individuals without technical expertise to perform data analysis. It utilizes tools that monitor data from sources like Snowflake and Databricks, identifying changing patterns and trends. Trusted by major companies such as Walmart and Apple, ThoughtSpot's products primarily focus on self-service analytics, incorporating AI and machine learning capabilities. Mode Analytics complements these offerings by introducing a new suite of products. Through this acquisition, ThoughtSpot customers will gain additional value by being able to create analytics applications and visualize data in Mode, which can then be seamlessly integrated into ThoughtSpot's dashboards.
2014. Alteryx gets $60M to develop analytical app-building platform
Alteryx, a platform that enables the creation of analytical apps through a workflow interface using various data sources, has received a significant funding boost of $60 million in a Series B round led by SAP. Alteryx empowers users to design workflows by effortlessly incorporating different data sources and objects. The resulting design can be packaged as an application for sharing with others or for generating reports, pivot tables, and other desired outputs. According to George, the company's president, Alteryx is not in direct competition with the typical Business Intelligence solutions, whether they are modern platforms like Tableau and QlikView or traditional enterprise players such as SAP Business Objects (where Mathew previously worked), Oracle Hyperion, or IBM Cognos.
