Anodot, the real time analytics and automated business incident detection company, has been named a “Cool Vendor” in Analytics in the 2016 Gartner report.
Each year identifies new Cool Vendors in key technology areas and publishes a series of research reports about them. Anodot is one of five companies identified in the report as “innovative vendors that are redefining the types of analysis that it is feasible for organizations to perform. They are doing so by providing high levels of automation or extending analytics’ reach to new classes of user and new types of decision.”
Anodot’s automated business incident and anomaly detection platform enables business analysts to uncover outliers in vast amounts of streaming data without manually setting thresholds or prioritizing which metrics to track. Identifying anomalies quickly can provide early notice of market shifts, niche use cases, or leaky revenue pipelines. The SaaS solution is based on patented machine-learning algorithms that isolate issues and correlate them in real time to alert users to a need for action.
“We feel it is a great honor to be recognized as a Cool Vendor by Gartner together with Cognitive Technology, OnlyBoth, ThoughtSpot and Veriluma,” said David Drai, CEO and co-founder of Anodot. “Business and IT users are overwhelmed with traditional business intelligence dashboards and millions of data metrics, and it can take them days to learn that they are bleeding potential revenue. Today, companies like Wix, Credit Karma and dozens of others are using Anodot to pinpoint performance issues and business opportunities, gaining the real time insights they need to save revenue, keep their business running smoothly, and keep their customers happy.”
For example, as discussed in this case study, before using Anodot, Wix’s data analysts spent a great deal of time scrutinizing reports and graphs manually to try to detect issues in vast amounts of data, but important issues were sometimes identified hours to days after they had occurred.
Drai continued, “In the age of Big Data, machine learning is a must have, and with our patented algorithms, Anodot is disrupting traditional BI.”