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ThoughtSpot Wants to be the Tesla of BI

ThoughtSpot Wants to be the Tesla of BI

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BI solutions have been around for decades, but they’ve never really taken root.

Don’t take our word for it. Consider this from Gartner’s Magic Quadrant for Business Intelligence and Analytics Platforms report. Speaking of the BI platforms, the authors wrote: “They were never fully embraced by the majority of business users, managers and analysts, primarily because most considered these too difficult to use for many analytical use cases.”

And in a world where the future belongs to those who leverage information best, this is a problem that few companies can afford to live with.

Needless to say, there are a number of BI vendors who are trying to change that. They range from established players like IBM, Microsoft, Oracle, SAP and SAS to upstarts like Tableau, Birst and Qlik.

And whether they are making any headway or not, less than 25 percent of today’s enterprise workers report that they have access to the information they need, in spite of $100 billion spent by companies on BI software licenses and even more on IT services.

The software and solution provider(s) who can increase BI penetration are destined to make a mint.

That’s one of the reasons that a team of engineers and entrepreneurs from tech leaders like Facebook, Google, IBM Netezza, Nutanix and others have joined force to build a solution that workers will actually embrace.

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