Data is everywhere. As the sheer volume and number of data sources continue to explode, so do new opportunities for modern businesses to create and act on insights. That is if they are equipped with the right analytics technology. Historically, many businesses have settled for “good enough” analytics tools, putting up with lackluster bundles from full-stack vendors in an attempt to minimize cost or risk.
For decades, the technologies and systems that deliver analytics have undergone massive change. What hasn’t changed, however, is the goal: using data-driven insights to drive actions. Insight to action has been a consistent vision for the industry. Everyone from data practitioners to technology developers have sought this elusive goal, but as Chief Data Strategy Officer Cindi Howson points out, it has remained unfulfilled — until now.
One of the best features in ThoughtSpot Everywhere is the Developer Playground. The Playground lets frontend Developers visually configure elements and generate JavaScript code to add into your web app. It is an amazing tool for testing and iterating configuration options before adding final elements such as Search, Liveboards, and visualizations into your web app. But what about a backend Developer who might be building solutions that utilize the Platform’s APIs?
The job of a modern marketer never stops. In today’s always-on, digital world you can spend forever tinkering with taglines and targeting and still never get to the bottom of why some campaigns perform while others don’t. Is your messaging personalized enough? Are you utilizing the right channels? Are you allocating your budget correctly? To dig into these insights you need data.
This week, ThoughtSpot gathered virtually with thousands of global customers, partners, and friends to share our vision for the future of analytics at Beyond 2021. A future where everyone in your business can create personalized insights and operationalize them to drive smarter business actions. And where innovative brands like Snowflake, Starbucks, Just Eat Takeaway, and Opendoor are already building their businesses on data with the Modern Analytics Cloud.
At the end of 2019, I did something few senior leaders ever do: left my comfortable corporate job at a global, multi-billion dollar software organization to join a little known Series E analytics startup called ThoughtSpot.
Today, we announced our Series F funding at ThoughtSpot, valuing the company at $4.2 billion. As the Co-founder and Executive Chair, it’d be customary to write a post that celebrates this milestone, shares lessons learned, and the usual. Those can come later. Instead, I want to take this opportunity to express my gratitude to all the people that have been a critical part of my journey as an entrepreneur, both at ThoughtSpot and Nutanix (now valued at $7B+).
As we announce to the world today that ThoughtSpot is now worth $4.2B, I am overwhelmed with gratitude. I am grateful to the customers who had the courage to challenge the status quo and give us a shot inside their companies. I am equally grateful to the entrepreneurs and investors who had the courage to join us and build a company that is changing what's possible with data. Often, people say it's hard to be courageous in the face of adversity. I say that’s conformist bullshit.
Today, the world is moving faster than ever before. In an age where a single insight can be the difference between hitting your number and hitting a wall, it’s never been more important to have a finger on the pulse of your business. This means understanding everything that’s happening, as it’s happening, so you can take smarter actions for your business in the moment.
