Periscope Data Unveils Industry-First Platform for Data Teams
(Thomson Reuters ONE) -
Unified Data Platform Overcomes Fragmented Data, Tools and Workflow
That Cost Businesses $3.1 Trillion Annually
Ingest, Store, Analyze, Visualize and Report Data - All From One Platform
SAN FRANCISCO, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Periscope Data today launched
a new software platform that meets the unique needs of professional data teams,
the fast-growing community of data analysts, data engineers, data scientists and
chief data officers that are driving the future of business. Periscope's Unified
Data Platform is the industry's first to address the complete analytics
lifecycle, allowing data teams to ingest, store, analyze, visualize and report
on data - all from one connected platform - and deliver deeper insight to their
organizations.
Often called the next natural resource, corporate data is the lifeblood of most
businesses and drives significant technology investment. Yet most organizations
struggle to efficiently and accurately harness insights from this data. The
reason: Data is fragmented across the business, managed by an array of
disconnected tools, and analyzed by siloed teams that can't ensure accurate
metrics or consistent insights into business performance.
With Periscope's Unified Data Platform, businesses can create a data-driven
culture by combining a single source of truth - a data warehouse - with deep
analytics capabilities, empowering data teams to collaborate and be more
productive and efficient. Periscope's platform is designed to overcome the high
costs of incomplete, out-of-date and potentially inaccurate data, which costs a
typical business nearly $10 million per year(1) - creating a $3.1 trillion
annual drag on the U.S. economy(2). The platform also addresses the large and
growing market for big data and analytics software, predicted to be worth $60
billion globally by 2020, according to IDC(3).
"Companies have more data than they can handle - but never enough insight," said
Harry Glaser, co-founder and CEO of Periscope Data. "Business leaders know
they're not getting what they need, and their data teams are hamstrung by
siloed, inefficient systems. How often does a CEO get conflicting views of data
from different departments? And how often do businesses make product decisions
without fully understanding customer behavior? This has to change, and we're
excited to empower data teams with a fast, smart, unified platform."
"Data is essential to Flexport's mission, which is to fix the user experience in
global trade," said Ryan Peterson, founder and CEO, Flexport. "We use data
internally to run a better operation, and also to add more value to our
customers. If we didn't have Periscope Data at the core of our business,
organizing all our data, making it accessible and helping our teams make
decisions, we would really struggle and be back in the dark ages. We use it to
do everything, and we're steering the business strategically based on the
insights that we find in Periscope Data."
Founded by managers from Google and Microsoft, Periscope Data has already become
a hit with its core product (Periscope Data Analytics), which instantly turns
SQL queries into interactive charts and dashboards that are easy to share.
Periscope's customers write 16 million queries and share 30,000 dashboards per
day, spending an average of 20 hours every week in the software, and over 90%
log in to the platform every day. Since 2016, the company has tripled its
customer base to more than 950 brands, including Adobe, Crunchbase, EY,
Flexport, MoneyLion, New Relic, Supercell, Tinder and ZipRecruiter.
Periscope's new Unified Data Platform extends the core product with built-in
data warehousing capabilities based on Amazon Redshift, as well as new
capabilities to ingest data from any source, all without leaving the Periscope
platform. The Unified Data Platform is comprised of the following core
components:
-- Ingestion: Connect to data from virtually any source, easily and
instantly. Through partnerships with Alooma, Fivetran, Matillion, and Stitch
Data, data teams can now use Periscope Data to ingest data from disparate data
sources into Periscope's managed warehouse, creating a single source of truth
for accurate analysis and reporting.
* ETL: Analysts are now able to transform data prior to loading a data
warehouse, or after, allowing them to apply logic to data where it makes
sense.
* Analysts can also use the platform to define and reuse SQL-based data models
that update automatically and are tailored to their objectives.
-- Storage: 100% data warehouse, 0% IT hassle. Periscope Data's platform embeds
and extends Amazon Redshift to deliver best-in-class data storage and management
via the cloud. For the first time, analysts have full visibility into data
dependency and data latency to ensure they're using the correct data sources.
With Periscope, data analysts can spin up a powerful data warehouse - including
full control over user access, data permission, cluster performance and query
management - with no IT help required.
* Data teams can connect data sources that Periscope will keep fresh and up-
to-date automatically - or data teams can write in their own data via JDBC.
* Periscope also allows data teams to build materialized views on top of the
full, raw data set using SQL, and keeps them up-to-date automatically
without requiring the customer to do any engineering. This radically reduces
the time and effort to get to CEO-ready insight and charts.
* Customers don't need to purchase and maintain infrastructure, or worry about
redundant manual work to schedule, backup, restore and/or archive data.
* Data is always up-to-date and in one place, freeing data engineers from
spending countless hours copying data from system to system, allowing them
to focus on system performance and optimization.
-- Analysis: Surface actionable insights in seconds - not hours or days - and go
deep on business insights. Periscope currently delivers fast and powerful
queries using the SQL database language, and will add support in early 2018 for
R and Python, the most popular statistical programming languages.
* Periscope's SQL Editor helps analysts get their jobs done quickly with fewer
manual steps and repetitive queries. "Snippets" allow analysts to store
frequently used code to a common library, and "views" allow them to reuse
entire queries. The system also provides query revision history,
autocomplete, formatting and universal syntax.
* Periscope delivers fast queries across the board by pre-processing data in
materialized views, so analysts can go from data to insights in seconds. The
system proactively notifies the analyst if a view requires their attention.
* R and Python support will empower data scientists to work within the same
platform as data analysts and data engineers, providing common management,
common compliance, and a common toolset against a unified dataset.
-- Visualization: From data to charts instantly. Superior design promotes
greater usability so Periscope curates the types of charts, options, and color
schemes available to create a friction-free environment. Analysts can build
interactive and dynamic charts and dashboards with just a few clicks, capturing
accurate and actionable insights for business users without compromising
flexibility or control.
* From bar charts to maps, Periscope offers hundreds of visualization options
ensuring that analysts can answer any question with just the right
visualization.
* Visualization is highly efficient, including automatic defaults to reduce
the need for configuration.
* The best-in-class IDE includes positional error highlighting, automatic code
formatting, autocomplete, partial query runs and many more features so that
analysts can do all their work in one platform without switching to a
separate code editor.
* Data consumers can drill down, pivot, filter and aggregate to answer
questions themselves without writing SQL or chasing down busy analysts.
-- Reporting: Embed insights and drive action. Periscope enables analysts to
deliver actionable and accurate insights to business stakeholders when, where
and how they want it. Persistent connectivity, coupled with automated queries,
ensures that charts are always accurate and up-to-date, and detailed annotations
allow users to collaborate and gain immediate insight.
* Charts can be embedded within a web page, intranet portal or directly within
a product via Periscope's embed API, which allows analysts to easily and
securely share dashboards with anyone in the world.
* Charts and dashboards can also be shared via links, email, Slack, PDF or CSV
files, and even full-screen TV mode.
"Most companies have data scattered all over, with disparate teams and too many
tools," said Tom O'Neill, co-founder and chief technology officer, Periscope
Data. "We've re-engineered the process to regain control over runaway data,
empowering individual data experts to do their jobs faster - and allowing data
teams to collaborate across the analytics lifecycle. Unifying data and unifying
data teams will be critical to the future of data-driven businesses."
"As a business manager, I need to have fresh and accurate data to make the best
decisions," said Alexandra Mack, head of marketing for Crunchbase. "We chose
Periscope Data because it unites all of our disparate data sources, aligns our
data teams, and gives my staff the power to be data experts far better than any
other solution we evaluated. We're banking on Periscope for our strategic
planning - in fact, our 2018 plan wouldn't make sense if we took Periscope Data
out of the picture."
Availability
Periscope's Unified Data Platform is available today, including both Periscope
Data Analytics and Periscope Data Warehouse. Support for R and Python languages
will be available in early 2018.
As an enterprise-grade system, Periscope's Unified Data Platform delivers the
highest levels of management and security functionality. Using the platform,
data teams can monitor their cluster's CPU and memory usage, which queries are
being run by whom, as well as control who has access to which data.
Additionally, Periscope Data delivers a cloud security infrastructure that
follows industry best practices and standards, including:
* End-to-end encryption for data at rest and in transit using AES-256
* TLS 1.2 support
* Monitoring, access logs and intrusion detection systems
* Support for single sign-on and two-factor authentication
* SOC2 and HIPAA compliance
About Periscope Data
Periscope Data builds software to turn data teams into superheroes. Its Unified
Data Platform is the industry's first to address the complete analytics
lifecycle, allowing data teams to ingest, store, analyze, visualize and report
on data all from one connected platform. This empowers them to collaborate and
drive faster insight, while allowing businesses to foster a data-driven culture
around a single source of truth. Periscope Data serves 950+ customers globally,
including Adobe, Crunchbase, EY, Flexport, New Relic, Supercell, Tinder and
ZipRecruiter.
Sources:
1 -- Gartner, "How to Create a Business Case for Data Quality Improvement,"
January 2017
2 -- Harvard Business Review, "Bad Data Costs the U.S. $3 Trillion Per Year,"
September 2016
3 -- IDC, Worldwide Semiannual Big Data and Analytics Spending Guide, March 2017
For more information, contact:
Tim Marklein
tim(at)bigvalley.co
415-999-2006
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Periscope Data via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.11.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 566192
Anzahl Zeichen: 13249
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Town:
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Kategorie:
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