Every year, Gartner, one of the world’s leading IT research companies, publishes a Cool Vendor Report highlighting new technologies in Analytics and Data Science. This year, Digital Hive (formally known as Theia) received this recognition. Previous Gartner Cool Vendors include Tableau, Snowflake, and Looker just to name a few. Many CDO’s and CTO’s use Gartner to help successfully guide their IT strategy and technology purchasing decisions.
So, does being named a Gartner Cool Vendor mean anything to Digital Hive…YES!
The Intersection of Need and Solution
Gartner analysts are some of the most informed middle-men in the world. Working with both technology vendors and enterprise data leaders, they sit at an incredibly valuable intersection of information. It’s at this intersection that Gartner is able to provide value, having 1000’s of conversations a year on both sides of the fence, identifying emerging challenges and the technologies that will provide a solution.
Validation of Enterprise Need
For Digital Hive, being named a Gartner Cool Vendor is a validation that the use of many BI & Analytics tools within large enterprises is creating real problems for end-users with BI Adoption, Data Literacy, and meaningful ROI. Companies are now in a full-sprint race to go digital, maximize the value of their data, and provide more meaningful experiences. Without frictionless access to information, meaningful data literacy education, and a push for greater user adoption, many companies are going to see the millions they invested in data & analytics go down the drain.
Even more, we now have the validation that a multi-tool tech stack is NOT going away. Co-existence is needed. If consolidating to a single BI tool is on your roadmap, be forewarned it’s a long, expensive, and ever-changing journey. Every year innovations in data & analytics produce new tools and vendors, making it necessary for companies to keep pace and maintain a competitive edge.
A Rise in Vendor Competition
For many, competition in the marketplace is a threat. For Digital Hive, seeing the recent increase in competition indicates that there IS a marketplace for our Analytic Hub solution and that we are providing much-needed value.
Why Digital Hive is the Best Analytics Hub Solution
That being said, Digital Hive was the first Analytics Hub solution to identify and solve the market need of bringing enterprise BI together. The first-mover advantage has allowed us to evolve and innovate more quickly than our competitors and provide increased value to our clients as their needs change.
Digital Hive is uniquely differentiated as the only true technology-agnostic analytics hub that allows users to interact with the full-functionality of different reports and dashboards seamlessly within the experience.
Most of the competition in our space only provides a functional analytics catalog (or is yet another BI tool in disguise). Digital Hive is the only true Analytics Hub. In addition to an Analytics Catalog Digital Hive enables end-users to create interactive Data Storyboards using reports from different tools, and contextualize information with presentations, video, RSS feeds, and custom messaging.
This means that clients can unlock the full power of Data Storytelling and Data Literacy support. Every department, persona, partner, or client receives relevant and tailored information supported by context.
Only Digital Hive can do that.
How You Can Use Digital Hive Today
Digital Hive has clients in every vertical, all around the world – Financial Services, Healthcare, Higher Education, Manufacturing, Retail, and more. With out-of-the-box connectors to 18 major information systems and a Custom API connector, any business can bring their choice of BI & Analytics tools together and benefit with Digital Hive.
Digital Hive has been named a 2020 Gartner Cool Vendor in Analytics and Data Science
With the average organization using 3.8 different BI solutions, and the number of different business roles wanting to analyze the data increasing, it’s critical that businesses make it easy for users to leverage, share and scale the analytics value from different systems that have been generated before.
According to Gartner’s report, published May 7th, 2020:
“Organizations are struggling to manage analytics content from different tools. This hinders the ability to share and scale the use of analytics, and limits adoption as users fail to find and compile the insights that have been generated before.”
Garter recommend that one way this can be achieved is by
“establishing an easily accessible portal that has single access to the analytics content built by multiple existing analytics solutions.”
Gartner’s definition of a Cool Vendor is “a small company offering a technology or service that is: innovative — enables users to do things they couldn’t do before, impactful — has or will have a business impact — not just technology for its own sake, intriguing — has caught Gartner’s interest during the past six months.”
Why is Digital Hive Cool?
Digital Hive’s technology consolidates key information assets across an entire organization in one convenient and digestible place, giving users real-time access to the relevant information they contain through a single point of entry.
Digital Hive (formally known as Theia) connects to analytics and BI tools platforms such as ThoughtSpot, Tableau, Qlik, IBM Cognos as well as standard document systems such as Google Drive, SharePoint, Box and social media platforms.
Click hereto read Gartner’s full report – link off to Gartner.
Gartner Disclaimer: The GARTNER COOL VENDOR badge is a trademark and service mark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
As companies race to find value in their data and improve the customer experience, many have overlooked an obvious value-add: providing analytics for the customer. Client-facing analytics differentiates companies from the competition, helping increase market share, retention, and even direct revenue if packaged and productized.
Why aren’t all companies doing this already? The data is there, and the reporting, dashboards, and visualizations are plenty.
One of the most difficult aspects of trying to provide analytics to customers is delivering a complete, appealing product. With analytics coming from a variety of internal business intelligence tools, packaging all of this information is far from easy. Both internal and external, users desire a seamless analytics experience. If bringing all of this content together into a single user experience wasn’t challenging enough, each experience needs to be tailored for various audiences.
On top of wrangling content, curating different experiences, and creating a pretty product – facilitating understanding is also a challenge. Chief Data Officers are tasked with fostering data culture, increasing BI adoption, and improving data literacy. However, these initiatives shouldn’t be limited to the internal organization. Companies need to extend this concentration to clients and partners as well.
The Ideal Customer Analytics Portal
Given the needs and challenges discussed above, let’s describe the ideal external analytics portal for clients and partners:
In summary, companies should aim to deliver analytics both internally and externally to clients and partners to maximize the value of data and grow together with strong data-informed relationships using an analytics portal.
The ideal analytics portal integrates reports and visualizations from all of your different BI tools, allows for the curation of content for different groups including data literacy support, and provides an attractive and easy to use experience.
Why Act Now?
If you provide your clients with informative analytics to help them grow their businesses, your business will become an irreplaceable source of value. If you DON’T provide your clients and partners with analytics, someone else will.
The demand for analytics is continually increasing as companies use data to drive decision making. If you are not providing clients with informative analytics to help them grow their business, how are you ensuring that your service will not become an irreplaceable source of value?
Offer your clients a service that goes above and beyond the competition. Replace any frustrations by giving them full autonomy over their analytics environment.
How to create a Customer Portal with Theia
Get in touch if you want to chat about customer analytics portals – we can show you how simple it is to get set up!
Email [email protected] or book a demo with a member of the team. See the full Theia experience as well as some of the branded customer portals we’ve created.
ThoughtSpot Beyond 2019 surpassed all expectations! With keynotes from top industry leaders, an amazing product roadmap for 2020, ample networking opportunities with delegates from some of the most exciting companies on the planet… it’s safe to say Beyond 2019 was a grand slam – easily one of the most valuable analytics events of the year.
Coming off the back of the Theia and ThoughtSpot technology partnership announcement (read more), we wanted to highlight the value of using embedded analytics, using ThoughtSpot inside of Theia’s Insight Hub.
the Major League Baseball World Series underway, Theia brought a fully equipped
pitching cage (you couldn’t miss it) to test the pitching speeds of the willing
delegates who dared to give it a go. The results were surprising and did not
Theia collected data on the speed of each pitch, top speed, and the average pitching speed, funnelled into ThoughtSpot within the Theia Insight Hub. Here we could rank and display each delegate’s performance back out to the conference, in real-time, and find out who had the strongest arm.
We augmented the results by adding professional baseball data into Theia’s Analytics Hub from other BI tools (PowerBI and Tableau), YouTube and other custom RSS feeds. This way, we could show the whole story through a single Gameboard.
We also customized it by branding it to match the official MLB color scheme (red, white and blue), which is easy to do when creating a Theia Gameboard.
When speaking to delegates, it was quickly agreed this was a valuable way to demonstrate how Theia could empower business users in an enterprise environment to make better, faster decisions by being able to interact with multiple analytical data sources and information in a single platform.
Congratulations to our 3 winners for pitching the top speeds over the course of the conference:
Kevin Clarke – Progressive Leasing (76MPH)
Brandon Westmoreland – ALSAC St. Jude (68MPH)
George Howard – Federal Deposit Insurance Corporation (64MPH)
I’ve been in the travel industry a long time, long enough to see the Wright Brothers make their first flight (Not who you’re thinking, I mean Steve and Jim Wright from accounts on their first business trip to visit our Tralee office). Anyway, for as long as I’ve been in business travel, I’ve been a techie and self-professed geek for a far greater time. Alongside music, it’s my biggest passion and I’m incredibly lucky that my company, Clarity (we’ll get back to them later), and ThoughtSpot let me talk about it, especially to an audience.
So, a little while ago Theia contacted me to ask if I would like to join them in Dallas and speak at the 2019 ThoughtSpot Beyond Conference. To set the scene a little here, the other thing that is worth knowing about yours truly is that since the age of 10 (and we’ve already covered that I’m old) I have been a Cowboys fan. The football team, not guys in boots and hats.
The reason I was asked is because in my role as Head of MI and Data for Clarity, a global travel management company, I was at the forefront of integrating ThoughtSpot and Theia into our MI and reporting tool, Go2Insight. This has been a literal game-changer for my industry, which has previously been a mecca for scheduled reports and good old excel files. The ability to work with data to make it interesting and engaging, has been incredible and I’m beyond (BEYOND!) excited to tell you about what we have in store for the future.
I can’t wait to attend the conference and meet great minds
with similar interests in data. To share ideas on how to get the most out of
ThoughtSpot and hear how people in other industries are changing the game
through its use. I’ll also be completely honest and say I’m equally looking
forward to visiting the Theia stand to see the surprise they have for
I feel incredibly fortunate to have been invited to the event as a guest of Theia, a company that has been instrumental in helping me to deliver Go2Insight. If you’re in attendance please come and speak to me about our amazing technology, my love for music and Star Wars or the recent performances of the Dallas Cowboys.
Either way, I look forward to seeing you at Beyond!
To learn more, click here and download the Clarity Case Studyby our UK Partner, Assimil8.