Domo Ranked #1 Vendor in Dresner Advisory Services' 2021 Cloud Computing and Business Intelligence Market Study For Fifth Consecutive Year

Rhea-AI Summary

Domo (Nasdaq: DOMO) has been recognized as the top cloud business intelligence vendor for the fifth consecutive year in Dresner Advisory Services' 2021 Cloud Computing and BI Market Study. The report evaluated cloud BI capabilities, finding strong respondent interest with 91% considering it 'critical' or 'very important'. The study highlighted cost, access, and reduced resource requirements as significant benefits of cloud BI solutions compared to traditional methods. Domo's modern BI platform aims to support businesses in their cloud transition, ensuring agility and continuity.

Positive

• Ranked as the top cloud BI vendor for five consecutive years in Dresner's study.
• 91% of respondents regard cloud BI as 'critical' or 'very important' to their organizations.

Negative

• None.

Today Domo (Nasdaq: DOMO) announced that it has topped the list of cloud business intelligence (BI) vendors in the Dresner Advisory Services’ 2021 Cloud Computing and BI Market Study for the fifth consecutive year.

In its tenth edition of the report, Dresner Advisory Services’ examined cloud BI features, cloud architecture, cloud security, and web data connectors, as reported by suppliers and weighted by user priority of capabilities. The study explored the perceived benefits and barriers for cloud BI, the importance of cloud BI, and their current and planned usage, with the organizations citing to substantial benefits over traditional on-premises implementation.

According to the report, respondents considered cost as the leading benefit to deploying a cloud BI solution. The respondents also listed access along with the term “reduced,” which might apply to a number of cost, time, and resource characteristics of in-house infrastructure spending and maintenance.

“We congratulate Domo for continuing to rate in the top spot in our evaluation of cloud BI suppliers,” said Howard Dresner, founder and chief research officer at Dresner Advisory Services. “This year’s study indicates that plans to deploy cloud BI remain uniformly strong with 91 percent of respondents considering it ‘critical’ or ‘very important’ to their organizations and `somewhat important' and `not important' scores hitting an all-time low.”

“The events of the last year have accelerated digital transformation initiatives and migrations to the cloud to ensure business continuity and agility,” said Josh James, Domo founder and CEO. “Our modern BI platform was designed to help customers get better leverage from all their data in record time, regardless of where they are in their journey to the cloud.”

For a copy of the report, visit here.

Dresner Advisory Services was formed by Howard Dresner, an independent analyst, author, lecturer, and business adviser. Dresner Advisory Services, LLC focuses on creating and sharing thought leadership for Business Intelligence (BI) and related areas. Wisdom of Crowds® research is based on data collected on usage and deployment trends, products, and vendors. Users in all roles and throughout all industries contributed to provide a complete view of realities, plans, and perceptions of the market.

About Domo

Domo is the Business Cloud, empowering organizations of all sizes with BI leverage at cloud scale, in record time. With Domo, BI-critical processes that took weeks, months or more can now be done on-the-fly, in minutes or seconds, at unbelievable scale. For more information about how Domo (Nasdaq: DOMO) helps its customers go fast, go big and go bold, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.

Domo, and Domo is the Business Cloud are registered trademarks of Domo, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210415005231/en/

FAQ

What is Domo ranked in the 2021 Cloud BI Market Study?

Domo is ranked as the top cloud business intelligence vendor for the fifth consecutive year.

What percentage of respondents find cloud BI critical according to the 2021 Dresner study?

91% of respondents consider cloud BI 'critical' or 'very important' to their organizations.

What key benefits of cloud BI were identified in the 2021 study?

Respondents identified cost, access, and reduced resource requirements as key benefits of cloud BI.

Who conducted the 2021 Cloud Computing and BI Market Study?

The study was conducted by Dresner Advisory Services.

How has the recent business environment affected cloud BI usage?

The recent business environment has accelerated digital transformation initiatives and migrations to the cloud.