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What Is Domo Analytics and its Importance?

Domo is an efficient analytics/BI, data, and intelligent applications platform. Made in 2010, Domo is the first cloud-native tool. Established with the idea of maintaining your business from a PC or smartphone, Domo handles all sorts of analytics for a business. From raw information from the backend to useful reports for all client’s insight, Domo empowers organizations to get the most worth from their information and make better business choices.

What Is Domo Software and its importance?

At the point when we discuss Domo software, we’re talking about the cloud-native Domo Analytics platform. When Domo was launched, it was on top of different vendors by initiating with cloud only. At first, this was a bit inconvenient as the cloud was new and was still taking root. However, in the last 5+ years, its cloud-only platform has become a significant benefit. Different vendors have attempted to make reliable, comprehensible cloud offerings that don’t tear up and disturb their on-prem business models.

By starting in the cloud, all of Domo’s development has utilized cloud-native methodologies and technologies in a single solution. There are no fragmented bits of capability cobbled together. Moreover, Domo has made a single, seamless set of capabilities in a cloud-only environment.

Suitable for both venture and small companies, Domo has a deep set of elements across the full stack of features for security, administration, dashboarding, reporting, and data science, all in a collaborative setting. With more than 1,000 platforms of API connectors and connectors for on-premise data sets, Domo can pull in information from any source. Domo is paired with a low-code/no-code environment for making analytic content and custom analytic applications. Consequently, the instant speed of Domo’s deployment makes it highly competitive in the industry.

Best Analytic tools:

The modern world of today has gone through numerous unlimited evolutionary stages.  Domo is the easiest analytic platform among all the analytic tools available in the industry. Consequently, it takes the fastest time to value and has an optimal performance along with efficient scalability.  

Beneath, we have assembled the top platforms of “Traditional BIs” and “Modern Analytics”. These are drawn from the Gartner Magic Quadrant and ranked by Graphable arranged by the worth of the business.

Traditional BI:

  • Power BI (Microsoft)
  • Oracle BI
  • Business Objects (SAP)
  • Cognos (IBM)
  • Microstrategy

Modern Analytics:

  • Domo
  • Looker (Google)
  • Qlik
  • Tableau (Salesforce)
  • Sisense

Domo Analytics Pricing:

Domo analytic platform offers paid SaaS pricing plans that are suitable for both enterprises such as small and medium business businesses. In addition to this, the pricing is based on credit and the features enabled for unlimited customers. You can start with 300 credits for free a month and can further scale with confidence after growing the business. 

What are the features of the Domo Analytic platform:

1.                  Data applications/workflow applications:

Using the Domo analytics tool, you can bring your data to life within its apps. Consequently, it uses a pre-built one from the app store, works with low-code, or develops with a full programming language to make workflows, data gathering, client stories, and more. They’re additionally embeddable.

2.                  Reporting and dashboards:

There is no doubt that Domo has over 150 graph types, 7,000+ custom guide choices, intuitive drag-and-drop ad hoc analysis and content creation, shareable custom calculations and easily conveyed dashboards.

3.                  Connect information:

Domo has more than 1,000 pre-built cloud and on-prem connectors, custom connections through APIs/SDKs/Webhooks, multi-cloud, combined information, apportioned connectors, secured write-back, and a few more.

4.                  Data transform:

 Magic ETL, SQL dataflows (coded data flows), and intelligent dataset views are generally accessible. Moreover, It has a data science studio, automated machine learning, visual/real-time, and intelligent catalog.

5.                  Embedded analytics:

Basically, Domo Everywhere is the Domo embedded analytic solution, a.k.a Domo embed. Thus, it has industry-leading capabilities for the significant embedded analytic use case. In addition, it has full-featured capabilities accessible and conveys efficient security across large-scale use cases.

6.                  Data science:

For deploying data science with data science suites for businesses, Domo has used the approach of common sense. This creates a context where more clients can deploy and consume artificial intelligence/ML content and capabilities than ever before.

7.                  Security and administration:

Basically, Domo’s security and administration highlights incorporate data lineage, adaptable security (from FGAC to content-based security utilizing Domo PDP), confided-in credits, UI or API based on the user’s preferred management options, collective content administration, Domo details (stage/utilization details), certified content along with workflows, group access and organization, sandbox and a lot more.

What are the advantages of Domo Analytics:

1.                  Effectively deployed:

 Many organizations out there use lengthy and expensive analytic tools that might cause excessive risks for them in the end. Domo has broken this standard because of its ability to be a true single platform and has a consumer-centric design. Additionally, it offers adjustable and shareable user-defined stories that many business users will find convenient to use.

2.                  High chances of adoption:

Since Domo is the only seamless platform that has a user-centric design, businesses that deploy Domo experience high chances of adoption from the CXO down.

3.                  Collaboration:

 Clients can access in-context chat, client profiles, projects, tasks, scheduled content, and more.

Performant:

No matter if you have normal queries on small datasets that might need to return numerous rows, Domo performs without the numerous workarounds or costly foundation of different businesses.

Adaptable:

Significantly, the Domo is one of the biggest cloud data users in the world. At present, the platform inquiries more than 100 trillion lines of information consistently. Consequently, Domo’s best pricing plans and innovative transparent design allow your analytics to establish with your business.

When to utilize Domo:

What is Domo utilized for? While Domo is ideal for most analytics use cases, a few examples of its use cases are given in the description: 

  • Build and deploy apps
  • Data governance and security
  • Predictive analytics and data science (AI/ML)
  • Domo dashboards
  • Self-service analytics
  • Strong visualization
  • Integrate data and applications
  • Internet of things
  • Marketing and sales analytics
  • Financial reporting and analytics

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