PALO ALTO, Calif., Feb. 22, 2017 /PRNewswire/ -- ThoughtSpot, the leader in search-driven analytics for the enterprise, today announced that Gartner, Inc. has recognized ThoughtSpot as a new entrant in the 2017 Gartner Magic Quadrant for Business Intelligence and Analytics Platforms report. ThoughtSpot sees its debut in the Magic Quadrant as a reflection of the market's increasing demand for search-driven analytics.
According to Gartner, "The business intelligence and analytics platform market's shift from IT-led reporting to modern business-led analytics is now mainstream." As part of the analyst firm's planning assumptions, Gartner also states, "By 2020, 50% of analytic queries will be generated using search, natural-language processing or voice, or will be autogenerated." Furthermore, "Modern BI tools that can support greater accessibility, agility and analytical insight while also maintaining ease of use (but at enterprise scale and trust for complex and large datasets) will drive and dominate new buying."
In addition, according to Gartner's 2016 Hype Cycle for Business Intelligence and Analytics, "Search-based data discovery technology can help drive adoption by users resistant to or intimidated by using traditional BI and analytics interfaces for interacting with data, but who are quite comfortable using a search engine to find the information they need."
"Two years ago ThoughtSpot introduced a radically different approach to analytics," said Ajeet Singh, co-founder and CEO of ThoughtSpot. "We are excited to make our first appearance on the Gartner MQ this year for our search-driven analytics solution. ThoughtSpot's momentum signifies the market's strong appetite for this next generation of analytics technology that goes beyond visualizations. Our Relational Search platform is comprised of several layers of fundamental innovation and is built from the ground up with a singular mission - to deliver access to data at 'human-scale' and enable anyone to analyze their data in seconds."
ThoughtSpot has created the world's most advanced yet easy-to-use number crunching machine powered by Relational Search. ThoughtSpot's new breed of BI architecture and in-memory calculation engine makes it easy to analyze billions of rows of data across multiple data sources, while delivering sub-second performance and enterprise-wide governance. As a result, non-technical business people can search to find answers to their data questions fast while BI and Analytics teams have cut down their reporting backlogs by 90%.
ThoughtSpot's Relational Search can also be embedded within custom apps or portals to deliver self-service insights to users beyond the enterprise. ThoughtSpot vastly expands the reach of business intelligence as anyone can now be their own data analyst. Leading Fortune 500 brands in retail, financial services, telecom and healthcare are turning to ThoughtSpot to help every employee make fast data-driven decisions to drive innovation and accelerate growth.
A full copy of the Gartner report is available at: http://go.thoughtspot.com/gartner-analyst-report-2017-magic-quadrant.html.
1Gartner, Inc., "Magic Quadrant for Business Intelligence and Analytics Platforms," by Rita L. Sallam, Cindi Howson, Carlie J. Idoine, Thomas W. Oestreich, James Laurence Richardson, Joao Tapadinhas, February 16, 2017.
2Gartner, Inc., "Hype Cycle for Business Intelligence and Analytics, 2016," by Kurt Schlegel, July 25, 2016.
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ThoughtSpot is a next generation analytics platform powered by the World's first Relational Search engine. ThoughtSpot's search-driven analytics lets business people build reports and dashboards in seconds. ThoughtSpot's new breed of BI architecture and in-memory calculation engine was built from the ground up to make it easy to analyze billions of rows of data across multiple data sources, while delivering sub-second performance and enterprise-wide governance. ThoughtSpot connects with any on-premise, cloud, big data, or desktop data source and deploys 85% faster than legacy technologies. With ThoughSpot, BI & Analytics teams have cut their reporting backlogs by over 90% and enabled thousands of daily decisions throughout their organizations. ThoughtSpot has built the world's most advanced, yet easy-to-use number-crunching machine with a singular mission - to deliver access to data and insights at "human scale." For more information please visit thoughtspot.com.
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