Domo Launches Data Apps to Fill the Gaps of Traditional BI and Analytics

Domo | March 24, 2022

Today Domo announced Data Apps, new low-code data tools for everyone across an organization, designed to bring the benefit of data-driven decisions and actions to those who are underserved by traditional business intelligence (BI) and analytics.

A Data App, which combines data, analytics and workflows, is experienced as a personalized standalone experience on a mobile device or embedded into existing apps and processes where work is already happening. Unlike traditional BI, which is designed for executives, managers and data analysts and requires a level of data literacy to interpret and apply insights, Data Apps are designed for any role in an organization and are built so any person can be guided by data to the optimal decisions and actions for achieving specific business outcomes.

For example, an employee on the manufacturing floor can leverage a Data App on a work tablet to ensure the company’s quality and safety goals are met throughout their role in the production process. Or a shift manager in a coffee shop can get real-time insights on their phone into customer satisfaction scores and make necessary adjustments on-the-fly to improve the customer experience.

The continued push for digital transformation across all areas of business is highlighting the urgent need for new data tools. Despite all the modernization efforts around business intelligence, data is still not being effectively leveraged in most organizations. In fact, no more than 20% of enterprise decision-makers who could be using business intelligence (BI) applications hands on are doing so. The other 80% still rely on the data and analytics skills of those 20% who do use BI applications, according to The Future of BI, Forrester Research Inc., February 23, 2022. And recent research sponsored by Domo showed the lack of proper tools is one of the key barriers that keeps organizations from using data more holistically.

“It is time for organizations to move beyond thinking of data as charts and graphs and towards adopting customized intelligent apps that not only deliver insights but drive action and support the needs of workers right where the work gets done. Our focus with Data Apps is supporting the white spaces in organizations where traditional BI and enterprise software applications like CRM and ERP have traditionally not reached. We’re making it easy for customers to put data to work for everyone by leveraging Domo as a low-code data app platform to build apps and improve business processes and outcomes everywhere work gets done.”

John Mellor, Domo CEO

“Organizations face challenges in finding an approach to Data Apps that enables digital transformation. They seek solutions that allow organizations to easily compile, aggregate and share data across trusted networks - both inside and outside organizations, while giving each team member personalized data and automation needed for the business to move forward with more agility,” said R “Ray" Wang, founder and principal analyst, Constellation Research, Inc.

Because of Domo’s robust data integration capabilities with more than 1,000+ native connectors built and managed by Domo, Data Apps can easily leverage data from existing systems – regardless of where data lives whether it be in a cloud data warehouse or data lake, or a core application like SAP, Salesforce or NetSuite. As a result, Data Apps are designed to deliver business value at record speed and scale, and what used to take weeks and months, now takes hours or days.

“For decades analytics tools have been focused on solving the wrong problem. There will always be a place for ad hoc analyses, but organizations can better meet their day-to-day analytic needs with more directed, purpose-built analytical applications that are embedded into operational processes for line-of-business personnel - whether they be store managers, stock room team members or customer service representatives,” said David Menninger, senior vice president and research director, Ventana Research. “Using a platform like Domo’s to develop and distribute analytics apps helps eliminate time-consuming tasks such as data integration and management, allowing organizations to be more agile and responsive to existing business requirements and new market requirements as they arise.”

As part of today’s announcement, Domo launched four solution accelerators, highly configurable Data Apps designed to support common business processes that have not been solved with traditional BI or enterprise software. These accelerators leverage the full capabilities of the Domo platform for data integration, analytics and distribution and are specifically for customers in retail, CPG and financial services.

These first four solutions are as follows:

  • Retail Store Performance and Operations – designed as a mobile app for executives, ops leaders, field and store employees to create the best customer experiences and drive sales and margin performance in the stores
  • Retail-Vendor Brand Performance & Insight Sharing – designed for real-time collaboration around point-of-sale data, inventory and market data to help retailers and their vendor partners profitably grow their respective businesses
  • Supply Chain Collaboration and Operations – a cross-functional supply chain problem solving tool that allows manufacturing, retail and logistics people to collaborate to improve supply chain visibility and efficiency to minimize cost
  • Banking Customer Profitability and Behavior Analytics – designed to give financial services organizations such as banks, credit unions and mortgage companies near real-time insight into customer preferences so they can drive more valuable, longer-term relationships with customers

Additional Announcements

Domo also announced today new updates to the Domo platform that allow customers to leverage data at speed and scale. These announcements include new multi-cloud enhancements, a new governance toolkit, new integrations with Microsoft Office Suite and Teams, and more.

About Domo
Domo transforms business by putting data to work for everyone. Domo’s low-code data app platform goes beyond traditional business intelligence and analytics to enable anyone to create data apps to power any action in their business, right where work gets done. With Domo’s fully integrated cloud-native platform, critical business processes can now be optimized in days instead of months or more.


The first panel, “The Latest Advances in Big Data Law and Analytics,” featured Casetext’s Pablo Arredondo, Lex Machina’s Josh Becker, Michigan State University’s Professor Daniel Katz, Thomson Reuters’ Khalid Al-Kofahi, Ravel Law’s Daniel Lewis, and OnRamp Systems’ Paul Lippe. The panel was moderated by Professor George Triantis…

Other News

RBC and Envestnet Data and Analytics announce agreement to provide clients with greater control over their financial data

RBC | June 14, 2022

RBC is pleased to announce a data access agreement with Envestnet | Yodlee, a leading data aggregation and analytics platform, to address the needs of an increasingly digital customer base. The agreement allows RBC clients to better manage their finances and build wealth by connecting to and sharing their RBC financial information with more than 1,500 third-party applications powered by the Envestnet | Yodlee platform. RBC becomes one of the largest banks in Canada to sign a data access agreement with Envestnet | Yodlee. The implementation of this agreement will empower RBC clients with the option to share their financial data, safely and securely with Envestnet | Yodlee through a direct application program interface (API) connection. This eliminates the need for them to share their RBC credentials, improves the accuracy of the data, and significantly accelerates financial data access. "RBC is committed to providing Canadians with industry-leading digital solutions that deliver more value, without compromising the security of their information. "This agreement is a great example of that commitment in action, and how the industry can come together to build new standards that better protect Canadians' data privacy." Peter Tilton, Chief Digital Officer, Personal & Commercial Banking, RBC This move to a direct API connection significantly reduces reliance on RBC client credentials for sharing financial information in Canada, and offers clients a better method to control the release of their account information, greater reliability, and higher speeds in accessing their account information. "Our relationship with RBC is vital for empowering their customers to make intelligent financial decisions," said Farouk Ferchichi, Group President, Envestnet Data and Analytics. "Through our agreement with RBC, we are giving their customers improved access to and control of their financial data, ultimately helping them grow, protect, and manage their wealth." Consumers often use mobile apps and tools to consolidate financial information and to assist with budgeting and managing their money. The implementation of this data access agreement with Envestnet | Yodlee will improve that customer experience. Additionally, RBC clients can now experience improved control and access when sharing their financial data with applications outside the bank. "Our clients want their primary banking relationship to be anchored with RBC, but they also want to be empowered to access, use and share their financial data with other applications," added Tilton. "As we deliver this added client value, it is more important than ever that we do so in a safe and secure manner. This agreement with Envestnet | Yodlee does just that. Not only do RBC clients gain secure access to the broad suite of apps and services Envestnet | Yodlee has to offer, but they also now have more confidence and control over the data that is shared." This new, industry partnership is a demonstration of both companies' long-standing commitment to add value, prioritize security and create peace of mind for clients as they manage their finances digitally. RBC clients also benefit from a wide range of RBC's digital security tools like PIN on Mobile, ID Verification, 2-Step Verification, Card Lock, two-way fraud alerts and fraud monitoring, in addition to the RBC Digital Banking Security Guarantee. These tools and this additional layer of protection through the data access agreement is timely, as privacy is a high priority right now with the rise of fraud attempts during the pandemic. According to RBC's 2022 Fraud Prevention Month Poll, 48% of respondents say fraudsters have increasingly targeted them since the start of the pandemic, compared to 22% in 2021. And Canadians aren't just feeling the increase in fraud attempts—the Canadian Anti-Fraud Centre has reported that incidents of ID fraud targeting financial credentials nearly doubled between 2019 and 2020, from about 9,000 to more than 17,000, and final numbers for 2021 are expected to double again. About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 89,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries.

Read More


Tamr Introduces Tamr Enrich to Simplify and Improve the Data Mastering Process

Tamr, Inc. | May 21, 2022

Tamr, the leading cloud-native data mastering solution, today announced the introduction of Tamr Enrich, a set of enrichment services built natively into the data mastering process. Using Tamr’s patented human-guided machine learning, Tamr Enrich curates and actively manages external datasets and services, enabling customers to seamlessly embed trusted, high-quality external data insights to their data mastering pipelines for richer business. “Companies go to great lengths, spending millions of dollars to attempt to derive business value from disparate data sources,” said Anthony Deighton, Tamr’s chief product officer. “We’re excited to offer a built-in solution that provides one-click simplicity and makes customers’ data cleaner and more complete.” For example, when a business wants to integrate an application programming interface (API) for address validation and standardization, it requires significant investment to implement the capability, including hiring a vendor to find the source, build the integration, maintain the integration, manage the vendor and make updates. Tamr Enrich eliminates many of these obstacles, enabling clean, trusted data without complexity. Customers also benefit from Tamr’s unique ability to continuously add new enrichment sources versus existing solutions in the market today that offer a static set of services. Tamr Enrich allows customers to unlock more value from mastered data faster to: Improve match rates. Customers can realize a potential 2x improvement. Automate more. Customers see model confidence improved by 20+%. Simplify data enrichment. Services are fully managed by Tamr and delivered in one click. Eliminate broken data. Tamr Enrich allows customers to identify contacts or companies with no valid contact information and accelerate time-to-insight. Standardize values. Data is ready for use in analytics tools. Expand insights. New attributes unlock new uses for existing data. “We previously needed to manage multiple vendors, which was expensive operationally and added significant complexity to our data operations,” said Harveer Singh, Chief Data Architect at Western Union, “Tamr Enrich is a game-changer. It gives us a complete, integrated solution that enables Western Union to deliver a seamless digital experience to our customers. Tamr’s made it easier to maintain clean, curated data across the customer journey.” About Tamr, Inc. Tamr is a leading data mastering company, accelerating the business outcomes of the world’s largest organizations by powering analytic insights, boosting operational efficiency, and enhancing data operations. Tamr’s cloud-native solutions offer an effective alternative to traditional Master Data Management (MDM) tools, using machine learning to do the heavy lifting to consolidate, cleanse, and categorize data. Tamr is the foundation for modern DataOps at large organizations, including industry leaders like Toyota, Santander, and GSK. Backed by investors including NEA and Google Ventures, Tamr transforms how companies get value from their data.

Read More


Atlan Named a Leader in Enterprise Data Catalogs for DataOps Evaluation by Independent Research Firm

Atlan | June 24, 2022

Atlan, the active metadata platform for modern data teams, today announced that it has been recognized as a leader in The Forrester Wave™: Enterprise Data Catalogs for DataOps, Q2 2022. Atlan received the highest score in the current offering and strategy categories. According to the report, “Atlan is the tool of choice for DataOps and data product deployment. Atlan’s vision is to create frictionless data product deployment through a single metadata and data automation platform. The tool was built by data engineers and for data engineers… As a result, Atlan maintains a strong focus for continued innovation in this metadata-driven data and application ecosystem.” The Forrester Wave™ assessment evaluated 14 of the most significant enterprise data catalogs across 26 evaluation criteria. The evaluation is a culmination of rigorous, fact-based research, with a view of the relative positions and key differentiation of the top vendors in the market. Atlan received the highest score possible in 17 criteria, including Product Vision, Market Approach, Innovation Roadmap, Performance, and Connectivity, Interoperability, and Portability. “We’re excited to be named a Leader in this Forrester Wave report. “We believe this validates our place as a pioneer of active metadata and a leader in this space.” Prukalpa Sankar, Co-founder of Atlan The Forrester Wave™ report states: “Atlan is more than metadata and data governance, standing out from the competition… Extensive integration makes data sharing easy, flexible, and scalable within hybrid distributed ecosystems for analytics and operational use cases.” Just three years since its launch, Atlan is the tool of choice for DataOps and data product deployment for a growing list of customers, including WeWork, Plaid, Postman, Scripps Health, TechStyle, SnapCommerce, Delhivery, and Belcorp. “Atlan is pushing the boundary from a DataOps standpoint,” said Venkat Gopalan, Chief Digital Officer at Belcorp. “You’re disrupting the industry by thinking differently. That’s the core essence of Atlan.” “Our platform has been designed as more than a traditional data cataloging or a data governance tool,” said Varun Banka, Co-founder of Atlan. “It was built by a data team for the evolving needs of data teams, including transparent data flow and delivery, easy-to-use experience for every data user, and open infrastructure. We can’t wait to continue innovating and bringing the latest in active metadata to modern companies around the world.” This recognition comes on the heels of other big news for Atlan — becoming the first data catalog validated as a Snowflake Ready Technology Partner; winning the MDS Rocketship Award for Data Discovery; and being named as a Gartner Cool Vendor in DataOps and in the inaugural Market Guide for Metadata Management. About Atlan Built by a data team for data teams, Atlan is the active metadata platform for modern data teams. Atlan creates a single source of truth by acting as a collaborative workspace for data teams and bringing context back into the tools where data teams live. Atlan features deep integrations across the modern data stack, including Slack, Snowflake, dbt, Redshift, Looker, Sisense, and Tableau. A pioneer in the space, Atlan was recognized by Gartner seven times in 2021, including as a Cool Vendor in DataOps and in the Inaugural Market Guide for Active Metadata Management.

Read More


Clarity AI’s Sustainability Data and Capabilities Will Support BlackRock’s Enterprise SFDR Reporting

Clarity AI | June 01, 2022

Clarity AI, the global sustainability tech platform, announced today that their sustainability data, integrated into BlackRock’s Aladdin platform, is being utilized in preparation for BlackRock’s enterprise reporting for the Sustainable Finance Disclosure Regulation (SFDR) framework. BlackRock will leverage Clarity AI capabilities, data and expertise to facilitate efficient and accurate reporting on Principal Adverse Impact (PAI) indicators. PAI indicators are a set of specific ESG metrics mandated by the European Union as part of SFDR, which imposes granular sustainability disclosure obligations for asset managers and other financial market participants. “We are thrilled to deepen our client relationship with BlackRock. “As part of our comprehensive sustainability tech kit, we are uniquely positioned in the market to deliver everything required for regulatory reporting, including SFDR, EU Taxonomy, UK Taxonomy, TCFD and MiFID II. Financial market participants of any size can leverage these capabilities via custom, easy integrations or our off-the-shelf web app.” Rebeca Minguela, Founder & CEO of Clarity AI Clarity AI’s market-leading SFDR coverage encompasses more than 49,000 companies, and its capabilities allow for portfolio aggregation and multi-asset look-through to more than 220,000 funds, including ETFs. All data is fully granular, which allows for better understanding of underlying calculations for each SFDR PAI. Should they choose to, financial market participants will be able to access these capabilities and data within their own configuration of Aladdin and leverage them as an input according to their own portfolio and reporting needs. "Deepening our partnership with Clarity AI is an exciting step forward for BlackRock and will provide us the ability to offer Aladdin users enterprise level reporting for SFDR,” said Stéphane Lapiquonne, Managing Director at BlackRock and Head of Sustainability for Europe, Middle East and Africa. “The depth and transparency behind Clarity AI data can help Aladdin users better understand exposures to the PAI metrics across their portfolios.” About Clarity AI Clarity AI is a sustainability technology platform that uses machine learning and big data to deliver environmental and social insights to investors, organizations, and consumers. As of May 2022, Clarity AI’s platform analyzes more than 49,000 companies, 220,000 funds, 198 countries and 188 local governments, and delivers data and analytics for investing, corporate research and reporting. Clarity AI has offices in North America, Europe and the Middle East, and its client network manages tens of trillions in assets under management. Clarity AI’s minority investors include, but are not limited to, Deutsche Börse, BlackRock, and SoftBank.

Read More


The first panel, “The Latest Advances in Big Data Law and Analytics,” featured Casetext’s Pablo Arredondo, Lex Machina’s Josh Becker, Michigan State University’s Professor Daniel Katz, Thomson Reuters’ Khalid Al-Kofahi, Ravel Law’s Daniel Lewis, and OnRamp Systems’ Paul Lippe. The panel was moderated by Professor George Triantis…