Domo Named a Leader in the IDC MarketScape for Business Intelligence and Analytics Platforms

Rhea-AI Summary

Domo (NASDAQ: DOMO) has been recognized in the Leaders category of the 2022 IDC MarketScape for U.S. business intelligence and analytics platforms, marking its first appearance in this report. The company stands out due to its speed to deployment, with the ability to implement solutions quickly and effectively across various business functions. This recognition reflects Domo's commitment to enabling organizations to leverage data for better decision-making. The IDC report assessed 16 BIA vendors, highlighting Domo's focus on meeting business user needs.

Positive

• Domo has debuted in the Leaders category of the 2022 IDC MarketScape for U.S. business intelligence and analytics platforms.
• The company's platform supports quick deployment of BIA solutions, enabling implementation within days or weeks.
• Domo effectively caters to a wide range of users, addressing the needs of business analysts and technical staff.

Negative

• None.

Speed to deployment, collaboration functionality and self-service analytics are among the capabilities highlighted for Domo’s Leaders category position

SILICON SLOPES, Utah--(BUSINESS WIRE)-- Today Domo (Nasdaq: DOMO) announced that it has been named in the Leaders category in the 2022 IDC MarketScape for U.S. business intelligence and analytics (BIA) platforms¹. This is Domo’s debut in the IDC MarketScape report.

Domo’s position as a Leader comes from the IDC MarketScape’s study and assessment of 16 BIA software platform vendors. According to the IDC MarketScape, Domo caters its platform to all types of users, including business analysts, data analysts, and IT practitioners, but its primary success comes from addressing the needs of business users in areas like marketing, product management, sales, and operations.

“Speed to deployment is one of Domo's strengths. Its data connectors, ETL, AI-infused analytics, and app dev components have been shown to enable organizations to deploy BIA solutions for internal decision support and external data monetization within days or weeks,” said Dan Vesset, head of analytics and information management market research and advisory practice at IDC. “Consider Domo if your needs require an end-to-end cloud BIA platform that enables collaboration between business and technical BI staff and supports ongoing expansion and scaling of analytics capabilities from one initial business domain to others.”

“Customers work with Domo to help them be more agile, reduce costs and increase efficiencies, by putting data to work for everyone,” said John Mellor, Domo CEO. “I am proud of our entire team for their continued innovation in delivering data experiences, such as data apps, that solve the last mile problem of making data consumable and actionable right where work gets done. It’s an honor to be recognized by the IDC MarketScape as a Leader in BI and analytics platforms and a privilege to help our customers leverage all their data and investments to improve business outcomes.”

Domo is hosting an upcoming webinar joined by a guest speaker from IDC on September 20 and to attend please register here. For a copy of the 2022 IDC MarketScape report, visit here.

¹IDC MarketScape: U.S. Business Intelligence and Analytics Platforms 2022 Vendor Assessment, July 2022, IDC #US48061021

About IDC MarketScape:

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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 is a registered trademark of Domo, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220816005823/en/

Cynthia Cowen

PR@domo.com

Source: Domo, Inc.

FAQ

What is Domo's position in the 2022 IDC MarketScape?

Domo has been named in the Leaders category of the 2022 IDC MarketScape for U.S. business intelligence and analytics platforms.

When was the IDC MarketScape report released?

The IDC MarketScape report was released in July 2022.

What are the strengths of Domo's platform according to IDC?

Domo's platform is noted for its speed to deployment, enabling organizations to implement BIA solutions rapidly.

How many vendors were assessed in the IDC MarketScape report?

The IDC MarketScape assessed 16 business intelligence and analytics software vendors.