ThoughtSpot Launches SaaS Offering to Unleash the Value of Cloud Data Warehouses with Search & AI-Driven Analytics
ThoughtSpot Cloud empowers every employee in an enterprise to ask questions, find insights, and take action on all their cloud data
ThoughtSpot, the leader in search & AI-driven analytics, announced the release of ThoughtSpot Cloud, one of the first fully-managed SaaS offerings providing business users with the flexibility to glean instant insights from data in the cloud. With ThoughtSpot Cloud, businesses can empower employees to access granular insights across the entirety of their cloud data in a matter of minutes, helping these organizations maximize ROI from their investments in cloud data warehouses like Amazon Redshift and Snowflake.
“From day one, ThoughtSpot has had a singular focus – making data accessible to everyone. With our search and AI-driven analytics solution, we deliver the easiest analytics experience that empowers everyone, regardless of technical sophistication, to ask questions of their data and make better decisions”
Enterprise Analytics is Finally Ready for the Cloud
Historically, enterprise analytics has been slow in moving to the cloud, held back by limited and slow growing network bandwidth, data gravity remaining on premises, fragmentation of data in multiple clouds, and concerns around security. Technological improvements over the last five years, particularly the introduction of cloud data warehouses, have addressed many of these concerns. Despite these advancements, accessing data today remains a challenge, with 73% of data going unused for analytics. They require a turnkey solution that works hand-in-hand with cloud data warehouses to enable all employees, from frontline worker to C-suite executive, with insights at the most granular level from their entire cloud.
Concurrently, the pandemic has accelerated the shift to a digital economy around the globe, prompting a new world order in which organizations must embrace digital transformation initiatives or be left behind. Traditional business models are being upended by data, while distributed workforces become the norm, driving companies to invest in the cloud more heavily than ever before. With increased cloud spend, businesses must rethink how their teams leverage the full power of their cloud to create meaningful growth at record speed.
ThoughtSpot Cloud fulfills this timely demand, giving enterprises the ultimate solution to instantly realize value from their cloud investments and spur greater digital transformation gains. ThoughtSpot Cloud connects to popular cloud data warehouses like Amazon Redshift and Snowflake, the cloud data platform, allowing business users to unearth insights from all their cloud data with search and AI.