The Paradigm Just Shifted: Welcome to the Age of Augmented Analytics
The good news keeps on coming!
Last week was huge for Pyramid. First, we proudly announced our Series E funding round to the world. I wrote about it in a blog post discussing the what and why behind our announcement. My message boiled down to one fundamental belief: the Pyramid Decision Intelligence Platform is poised to be the next big innovation in analytics.
Two days later, we dropped our second major announcement: the Pyramid Platform ranked highest in the Augmented Analytics Use Case in the latest Gartner 2022 Critical Capabilities rankings. (You can download the report here.)
We are thrilled by the report. It confirmed our long-standing certainty: the time for augmented analytics is now. What’s more, we’ve met this unique moment with an innovative solution with everything organizations need to gain massive value from augmented analytics: our Decision Intelligence Platform.
We made the announcement at the Gartner Data & Analytics Summit in London, and the timing couldn’t have been more perfect. In one of the keynotes, Gartner Distinguished VP Analyst Rita Sallam presented her take on automation, observing: “Automated insights, data stores, and natural language generation are driving adoption of augmented analytics.”
What is augmented analytics? And why is it important?
According to Gartner, “Augmented analytics is the use of enabling technologies such as machine learning and AI to assist with data preparation, insight generation and insight explanation to augment how people explore and analyze data in analytics and BI platforms.”
Gartner—a reliable predictor of future trends—first declared augmented analytics the future of data and analytics in 2017. They haven’t wavered since. Yet, while many analytics and business intelligence vendors have attempted to hitch their wagon to the concept, few have managed to find a way to bring it into everyday analytics workflows.
The Pyramid Decision Intelligence Platform embodies the next big innovative step in analytics. It leverages machine learning and AI techniques to transform how analytics content is developed, consumed, and shared. We apply artificial intelligence (AI) across the platform—including Data Prep, Business Analytics, and Data Science—to augment the entire analytics workflow.
Who benefits? Everyone:
- Automated analysis and insights, data storytelling, and natural language generation capabilities make it easier for businesspeople to prepare, analyze, and get insights from their data.
- Line of business analysts are creative, and they don’t want to spend a lot of time doing time-consuming, painstaking work. Augmented analytics allows them to gain back 50 percent of their time for revenue-generating work and boosts their morale.
- Data scientists can automate many of the tasks involved in developing, managing, and deploying AI and ML models, saving them time and drudgery (and money!). And because Pyramid can directly connect to data at the source (no ingestion!) and leverage scale and performance without limits—just what data science efforts need to be successful.
What’s the upshot? Augmented analytics makes analytics easier for everyone to use and drives higher adoption within your organization. That, in turn, drives faster, more intelligent decisions.
Decision Intelligence is what’s next in analytics
Let’s face it. There are a lot of dashboard, data visualization, and data discovery vendors out there. And many organizations are saddled with more tools than ever before. According to Forrester, “25% of organizations use 10 or more BI platforms, 61% of organizations use four or more, and 86% of organizations use two or more.”
However—there is only one pioneering decision intelligence platform provider—Pyramid Analytics. The Pyramid Platform lowers the skills barrier and empowers anyone—from the C-suite to the frontline—to make faster, more intelligent decisions.
What’s truly differentiated about our approach to augmented analytics—and what separates our decision intelligence platform from traditional business intelligence tools—is that with a combination of human curiosity and AI, we make analytics more accessible without compromising enterprise needs.
We’ve been working tirelessly to build an analytics platform that prepares organizations for the future while giving them firm footing to solve the challenges of today. Our vision? To automate the decision-making process by empowering anyone across the organization.
What a week it was! I’m still buzzing with excitement. But I know the best is yet to come.
Let us know if you’d like to see a demo. We’d be happy to show you what our platform can do for you.