ThoughtSpot presentation at the Chief Analytics Officer, Fall 2016
- ThoughtSpot Presentation 10.7.2016
- Search has transformed our lives and expectations
- Now, 2 billion humans use search Search
- Most of us still depend on data experts Business Analyst BI Analyst Data Scientist EXPERTS HUMANS LawyersProducers Doctors Recruiters Scientists Traders Architects Contractors
- Because analytics technology is complicated Business Analyst Data ScientistBI Analyst 3 DAYS Average length of a beginner Tableau training class.
- Which has created a massive analytics bottleneck 850 Million Humans at work 1.5 Million Data experts 4.8 Days to build one report DATA EXPERTS
- ThoughtSpot: Search-Driven Analytics TEAM Search + Enterprise CUSTOMERS Mid-to-Large Enterprise TECHNOLOGY Relational Search Engine $100M
- Experienced founders with search-at-scale expertise Google Search Staff Engineer Google Ads DataBase Senior Engineer Google Borg Tech Lead Google Adsense Analytics Senior Engineer Oracle Cloud BI Architect Nutanix ($2B IPO in 2016) Cofounder and CPO Yahoo Search Senior Engineer Ajeet Singh Amit Prakash Sanjay Agrawal Priyendra Deshwal Abhishek Rai Vijay Ganesan Shashank Gupta
- The analytics pipeline is fundamentally broken Gather Requirements Interpret what users want Model Data Generate cubes, pre-aggregate data, tune SQL queries, and define hierarchies and drill paths Create Reports Endless buildingand tweaking of reports and dashboards Distribute to Users Manually publish toconsumers 1-2 Weeks 2-6 Weeks 1-3 Weeks 1-10 Days 2+ Months RINSE & REPEAT
- Despite billions spent on BI, data remains inaccessible $68.9 Billion* Only 22% data access* * Annual spend on BI Software and Services *BI Scorecard, 2014 BI Software BI Services Haves Have Nots
- The Dramatic BI Landscape change 2013 2014 2015 2016 No one vendor is fully addressing both enterprises’ IT-driven requirements and business users' requirements for ease of use.“ Gartner Magic Quadrant BI and Analytics Platforms, Feb2016
- Gartner Magic Quadrant BI and Analytics Platforms Feb 2015 “Smart data discovery and natural language query is likely to have a significant impact on the next generation BI user experience.” Search is shaping the next generation of BI
- Royal Bank of Canada is the largest Canadian bank with 81,000 employees providing financial services across the globe. The credit card services team was struggling to get get critical information on the effectiveness of online promotions,and were often waiting weeks for ad-hoc report requests to come back from the BI team. As a result, executives were forced to make key decisions based on gut instinct or delay. With ThoughtSpot, 200+ marketers and their executive team will be able to analyze campaign statistics such as conversion rates, customer product mix, lifetime value of accounts, and overall ROI, right in the moment, freeing up the burden on their BI team. Now marketers will be able to identify top campaign performers and improve overall effectiveness of their credit card promotions. And executives can answer their own questions about credit card promotions in 2 minutes instead of waiting 2 weeks for that newreport. RBC Speeds Decisions from 2 Weeks to 2 Minutes 100+ Users Marketing, Credit Card Services 2 TB Data 5 years of historical transaction, customer and product data topAMER campaigns by week 2 Weeks to 2 Min* Reduced time to insights for credit card executive team
Topics:
Presentation,
CAO,
CDAO,
Data,
Data Analytics