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Domo, Inc. (DOMO) is a leading company that provides a cloud-based platform aimed at optimizing business performance by connecting data, systems, and people within an organization. With an impressive backing of over $500 million from top-tier investors and spearheaded by seasoned professionals from renowned technology companies, Domo ensures real-time access to data and insights, empowering every employee from the CEO to the frontline workers.
The Domo platform serves as a subscription-based service, enabling users to manage their business operations from their smartphones. Key features include real-time notifications on any device, immediate actions on invitations, and seamless write-backs to the original systems of record. This innovative approach allows businesses to stay agile, make data-driven decisions, and improve overall efficiency.
Recent achievements include expanding their customer base and continuously enhancing their platform's capabilities to meet the evolving needs of modern businesses. Domo's partnerships with various industries highlight its versatility and effectiveness in diverse business environments.
Financially, Domo has shown steady growth, driven by its strong subscription revenue model and professional services. The company's focus on continuous improvement and customer satisfaction places it as a significant player in the cloud-based business intelligence sector.
Stay updated with the latest news and developments about Domo, Inc. to understand its impact on the business intelligence landscape and its potential for future growth.
Today, Domo (Nasdaq: DOMO) announced that Fluxx, a leading cloud-based grants management solution, is leveraging Domo's technology to enhance its offerings. Fluxx serves over 400 foundations and government organizations, impacting more than 150,000 non-profits annually with over $15 billion in grants.
In 2022, Fluxx sought to integrate advanced data tools into its platform, leading to the creation of 'Grantelligence' using Domo Everywhere. Released in 2023, Grantelligence has quickly become a top-selling product, with 50% of new customers opting for it.
Using Domo, Fluxx developed an executive dashboard for real-time data access, streamlining decision-making for grantmaking executives. This collaboration represents a significant shift towards data-driven insights in grant management, enhancing operational efficiencies and customer satisfaction.
Domo (Nasdaq: DOMO) has partnered with phData, a consulting firm specializing in AI and data analytics, to enhance data management and actionable intelligence for businesses. The collaboration leverages Snowflake's AI Data Cloud and Domo's platform to provide real-time data and advanced analytics. This partnership aims to simplify data integration, improve decision-making, and drive business impact through secure AI services. The combined expertise of Domo and phData is expected to deliver significant benefits for clients worldwide.
Domo (Nasdaq: DOMO) has been named a leader in the 2024 Nucleus Research Value Matrix for Business Intelligence (BI) and Analytics Technology for the fourth consecutive year. The recognition highlights Domo's ability to combine business intelligence, interactive dashboards, and near real-time visualizations, enabling actionable insights.
The company's consumption-based pricing model provides flexibility for users, leveraging a cloud-native platform. The 2024 BI and analytics market is increasingly focused on generative AI, data democratization, and user-centric designs. Domo's leadership in AI, including machine learning, natural language processing, and predictive analytics, was also noted. The Value Matrix assesses usability and functionality, with Domo excelling in both areas.
Ben Schein, SVP of Product at Domo, emphasized the company's commitment to innovation and customer empowerment through data-driven decision-making. Alexander Wurm of Nucleus Research praised Domo's integration capabilities and comprehensive solutions that balance IT security and business agility.
Domo (Nasdaq: DOMO) announced its participation in the 2024 Data + AI Summit, emphasizing its collaboration with Databricks. The event aims to highlight the integration of Domo's Cloud Amplifier with Databricks, enhancing data interoperability and analytics.
Domo, a Databricks Validated partner, will demonstrate its native data access connector, facilitating multi-cloud data integration and actionable AI insights while maintaining security and governance.
Key session details include a presentation by Domo's Noah Finberg on June 11 at 1:40pm PT in Moscone South, Esplanade, Room 151. Attendees can explore Domo's platform at booth #84.
Domo (Nasdaq: DOMO) has launched the Domo Integration Suite, named Domo Samurai, which consolidates its award-winning cloud-native platform components into a single, user-friendly solution.
The suite includes Domo's multi-cloud data offering Cloud Amplifier and Magic ETL (Extract, Transform, Load) drag-and-drop tools, along with over 1,000 native connectors and integrations. This suite aims to help companies manage and utilize data from various sources effectively, allowing both technical and non-technical users to derive actionable insights for data-driven decision-making.
Domo Samurai addresses the growing complexity of data management as businesses scale, simplifying access to data across platforms like Snowflake, Databricks, Azure, and AWS.
The Integration Suite ensures data security and compliance, automates data transformation, and provides a unified view of data processes, making it easier for organizations to leverage data as a strategic asset.
Customer testimonials highlight the suite's ease of use, quick integration capabilities, and the ability to democratize data access across business units.
Domo (Nasdaq: DOMO) will exhibit at the Snowflake AI Data Cloud Summit 2024, demonstrating how its integration with Snowflake enhances data management and BI architecture for businesses. Attendees will see Domo's platform, including the new Domo Samurai Integration Suite, in action, showcasing real-time analytics and insights.
Key features include Magic ETL capabilities on the Snowflake AI Data Cloud, which optimize data workflows and support scalability. Notably, TaylorMade has used this integration to improve its supply chain visibility and efficiency.
The summit, featuring keynotes, training, and over 170 sessions on AI and LLMs, will take place on June 5, 2024. Domo will hold sessions at 1 pm and 2:30 pm PT, with live demos available at Booth #1202.
Domo (Nasdaq: DOMO) announced that Dr. Kristie J. Rowley, senior director of Domo’s AI Labs, has been named to Utah Business Magazine’s 30 Women to Watch list. This recognition celebrates her leadership in enhancing Domo’s AI capabilities and her influence in the Utah tech community.
Dr. Rowley has been instrumental in the development of AI tools used by global leaders. She established Domo’s data science team and laid the groundwork for integrating AI within the platform.
Besides her technical achievements, Dr. Rowley has a strong academic background with over 25 peer-reviewed publications. She also mentors aspiring professionals and actively participates in community and educational initiatives.
Domo (NASDAQ: DOMO) announced that Lencore has selected its platform to unify data across the organization, boosting customer response times, sales productivity, and achieving double-digit revenue growth. Lencore, a provider of sound masking and noise management solutions, struggled with data siloed across different systems. Previously, employees spent hours manually analyzing data. With Domo, Lencore has a single source of truth, improving manufacturing, inventory management, and shipping processes. The sales team, in particular, gained insights to focus on quicker wins from existing accounts, leading to a new revenue stream. The platform also enhances Lencore's ability to provide project quotes within 24 hours, ensuring quicker, informed customer decisions. Domo’s solutions have empowered Lencore’s executives, engineers, finance, and sales teams with actionable data and insights, driving business improvements and new opportunities.
Domo announced that Regional One Health Solutions has joined their updated partner program to harness data for improved patient care and operational efficiencies.
Regional One Health, a level-1 trauma center in Memphis, utilizes Domo's platform to create interactive dashboards tracking KPIs such as length of stay, harm events, patient satisfaction, and costs.
They received a Nucleus Research ROI Award for a 190% ROI on their data initiatives. The partnership developed a Healthcare Metrics Quick Starter App to help healthcare leaders connect various data points for better decision-making.
This collaboration aims to disrupt the healthcare industry, enhancing outcomes and increasing operational efficiency.
Domo (Nasdaq: DOMO) has been ranked as the top vendor in the Dresner Advisory Services’ 2024 Collective Insights report, surpassing 14 other vendors. This annual assessment evaluates vendors based on collaborative business intelligence (BI) and user governance capabilities. Domo's platform stands out for its content co-creation and sharing, enterprise frameworks support, and governance features. The company’s solutions empower teams with collaborative BI and analytics, easing the burden on data teams while ensuring proper governance. The report highlights Domo's role in enhancing group-based decision-making through AI and data science, emphasizing the increasing importance of Collective Insights. The achievement underscores Domo's commitment to agile data access, security, and governance.
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