ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Domo Releases Key Platform Enhancements that Help Put Data to Work for Everyone

New features further advance the Domo platform’s differentiated speed, scale and user experience to power data apps

Today at Domopalooza, Domo (Nasdaq: DOMO) announced several key enhancements to its cloud-based platform that make it easier than ever to put data to work for everyone, with the speed, scale and user experience (UX) needed to tackle any business challenge through data apps. Included in these platform enhancements are new functionality in Domo Multi-cloud, a new Governance Toolkit and updates to Universal Data Modeling, making it easier to understand, engage and leverage data across any organization.

The proliferation of data continues to grow exponentially, as organizations generate an incredible amount of indeterminate data, making it overwhelmingly hard to develop data systems and processes that help organizations understand and leverage this data. According to Domo’s recent “Closing the Data Decision Gap” report, over 92% of respondents believe the amount of data produced by their organizations will grow over time. And over 90% of respondents believe the number of data relationships – or number of ways data can be paired with other data – within the data used by their companies would grow over time.

Today’s new features highlight how the Domo platform gives organizations and its leaders tools to make massive volumes of data accessible and analyzable, and the ability to transform that data with an architecture that scales to trillions of records and thousands of users. These include:

Updates to Domo Multi-cloud: Announced at Domopalooza 2021, Domo Multi-cloud enables native, seamless integration with other cloud data warehouses for more flexibility with storage, caching, querying, data transformations and analytics. New functionality introduced today include side-by-side clouds and cross-cloud ETL, where apps can use data from another cloud warehouse alongside data from their Domo warehouse, in a single, seamless and interactive experience, without moving or copying the data, and without a tradeoff in performance. Additionally, users can default to their preferred storage cloud, having the choice to move data seamlessly, dive into dataset details, and pick a target cloud when transitioning between clouds.

An Enterprise Tool Kit: This new packaged collection of features helps users maintain and manage control of their data and analytics efforts while operating at enterprise scale. This feature set – a new Governance Toolkit, Sandbox, and Brand Kit – offers enhanced management, automation and simplification of analytics at scale.

  • With the new Governance Toolkit, users can scale and automate management tasks across tens of thousands of data assets, all within a user-friendly UI.
  • Users can then implement processes akin to the software development lifecycle with Sandbox, developing content or data pipelines in a demo environment before promoting to production, helping maintain a consistent experience for end users and maintaining strong governance.
  • Finally, Brand Kit enables users to maintain a consistent look and feel across their entire data ecosystem, both internally and externally.

New Universal Data Modeling: Domo’s Universal Data Modeling enables users to explore the relationships between datasets that are part of a business process, and to create Data Models that can be organized, mapped and explored in Analyzer. Data modeling provides additional flexibility and scalability for exploring datasets and building data apps, and provides users with a single, unified catalog that accurately reflects their organization and reduces redundancy in data preparation, unlocking more time for strategic efforts.

“Domo was built for this increasingly data rich world. Today’s product announcements underscore our commitment to building and enhancing the Domo platform with features and functionality that make Domo more powerful yet easy-to-use for all users,” said Catherine Wong, chief operating officer and EVP of Engineering at Domo. “These features focus on enhancing the speed and scale of Domo, and unlocking data experiences and insights that puts data to work for everyone and drive digital transformation deeper into organizations.”

Domo’s platform enhancements further support the evolution of modern data experiences to include Data Apps. Data Apps combine data, analytics and workflows into engaging experiences that are integrated, easy to use and designed to power business outcomes for those who have been traditionally underserved by BI and analytics as well as traditional enterprise software.

“Leading companies demand flexibility and innovation-driving agility when it comes to leveraging their data and existing cloud investments,” said Doug Henschen, VP and principal analyst at Constellation Research. “With the multi-cloud, governance and data modeling capabilities announced this week, Domo is clearly addressing the need for customer choice, control and solid governance as organizations seek to do more with their data.”

To learn more about these platform enhancements, visit here.

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. For more information, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.

Domo and Domopalooza are registered trademarks of Domo, Inc.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.