The Silicon Review
“Without analytics, companies are blind and deaf, wandering out into the web like a deer on a freeway.” – Geoffrey Moore
For years, organizations from small to large have been accumulating data, “Big Data” as we call it now. Merely accumulating this data provides little to no benefit whatsoever to the organization. To keep pace with today’s digital transformation, it has become more and more relevant to tap into advanced data analytics and intelligence in the right way, carrying the right information to the right people when they need it, to fuel innovation and gain a competitive edge. But making data actionable is certainly not without its challenges. Many organizations are left feeling limited by their choices and struggling for the right solution for data-driven insights that will help them deliver better, faster, and more profitable business outcomes. But for those organizations looking to put data to work across their business, where do they start? Pyramid Analytics has the answer.
Pyramid Analytics was founded in 2008 with the vision to create a modern enterprise business analytics platform that revolutionizes the way people access, visualize, and present their data; allowing users to make better decisions based on one single source of business truth. More than eight years later, and backed by venture capital firms Viola Private Equity and Sequoia Capital, that vision has led Pyramid Analytics to quickly become a global leader with its flagship BI Office platform that enables organizations to overcome BI limitations, extend their reach and impact of analytics, and transform into a data-driven business.
Pyramid Analytics bridges the BI gap
Gaining insights from ever-growing data volumes is top-of-mind with executives across industries. Employees need to be able to deliver faster, more profitable business outcomes by making informed decisions. To be successful, companies must make analytics universally available and valuable.
The challenge to that is there is currently a big gap in the capabilities of today’s BI and analytics tools. Many companies have invested massive amounts of money and time in legacy reporting-based BI systems that are centralized and managed. However, these outdated systems can’t keep pace with the speed of modern business, and users can wait weeks for reports with static, backward-looking information, and they can’t deeply analyze the data to unearth new opportunities or predict future trends. Ungoverned, desktop-bound analytics tools, based on siloes of data, simply don’t scale well and sharing analytics becomes increasingly impractical. It is an unsustainable approach that companies rapidly outgrow.
Pyramid Analytics’ differentiator is that its enterprise business analytics platform, BI Office, uniquely bridges the gap between desktop tools and legacy BI systems. Combining self-serve analytics with centralized governance, Pyramid Analytics helps companies build a data-driven business by empowering clients to expand the reach of BI value and user adoption via sharing of dashboards, reports, data visualizations and advanced analytics – across departmental and company boundaries, to all user types, on any device. By unifying data and people on a single platform, the business works as one with everyone collaborating and acting on the same trusted information to realize superior business results.
And this governed approach not only ensures data integrity and privacy, but data models and business logic are also centralized and managed– reconciling IT and business goals. The IT team benefits because business analytics can be delivered across the company in a secure and managed environment–just as it is with legacy BI systems. At the same time, IT gets out of the report-building business and puts into users’ hands the tools for faster, more informed decision making. The business team benefits because they can easily access, analyze, and act on relevant and accurate information. They are empowered with self-service analytics, but not compromised by data risks. BI initiative owners benefit by having the fastest, most successful path to building a data-driven business by eliminating BI chaos and extending the reach and value of analytics across the company.
Fig-1- BI Office: Dynamic data from multiple data sources, all interactive with one another
Drive to 100% analytics adoption
With Pyramid Analytics, organizations can drive to 100 percent analytics adoption across the entire business–and many of the company’s customers have done exactly that. Pyramid Analytics offers analytics experiences for everyone with unmatched support for the range of information needs across the business. Users can address any role or workflow–even extending to partners and customers.
Pyramid Analytics makes complex analytics simple, offering extremely intuitive analytics experiences that require no coding or special training. Users don’t need to be BI experts to access and analyze business data. It’s a simple point-and-click, drag-and drop interface. Analysts or power users can easily create and share advanced analytics, and non-technical users can learn the product in minutes. By making it easy for people to share, discuss, and collaborate on their data and insights, Pyramid Analytics enables every decision, in every department, to be data driven.
It is all about customers anyway!
As Pyramid Analytics continues to be consistently recognized as a leader in some of the most comprehensive industry reports on business intelligence, these top scores reflect the company’s strong commitment to its customers.
Companies have chosen Pyramid Analytics for its ability to help them drive business analytics across the organization at unprecedented speed and scale that leverages their existing investments in BI infrastructure and enables self-service analytics in a managed environment. In fact, most customers say that Pyramid Analytics offers the only business analytics solution that IT and business agree on. Users are empowered through an easy-to-use interface that has effectively boosted user adoption in some companies by up to 400 percent and has enabled the roll-out of large-scale deployments, with thousands of users, in weeks or even days.
Some powerful examples of customer transformation include Voith, which rolled out BI Office to 45 sites in three weeks by a team of one and increased BI usage from five to 30 percent. Siemens implemented BI Office in less than seven days with 100 percent user adoption, from the C-suite to the manufacturing floor. CRU rolled out the platform to all 270 employees for 100 percent user adoption and had built its dashboard on the first day. And what used to take Volkswagen Ireland a day or more to complete now takes five minutes with Pyramid Analytics.
Equifax is an outstanding example of a company using the power of a true enterprise business analytics approach to demonstrate the purpose and value of its data and how it can be used effectively in decision-making. Using Pyramid Analytics BI Office, Equifax is able to increase its productivity through IT-enabled and user-driven data models. Teams are able to quickly prove the efficacy of process improvement projects, such as reducing call center activity through automated services on their website or by recreating what used to be a manual process for tracking budget and time goals for large projects. Business analysts can easily and quickly measure SLA compliance items, which allows Equifax to better support its clients.
Pyramid continues to gain strong traction in the market and is responsible for one of the world’s largest BI implementations in the world with the U.S Department of Veterans Affairs. Enterprise companies worldwide, including DJJ, Memorial Healthcare System, and Siemens, among many others, turn to Pyramid Analytics in their efforts to extend access to crucial insights to a wider group of managers and information workers than ever.
“Pyramid Analytics has helped us to determine how well we are trending on specific goals on a month to month basis so we can ensure that we consistently meet expectations for financial targets. We effectively leverage their solution every single day.” Jeff Wilson, Director of Technology, Equifax
With great performance, comes great recognition
Pyramid Analytics is a recognized innovator in business analytics. The company is rated a leader in the field by end users and leading BI analysts, including Gartner, BARC and Dresner Advisory Services, who have all consistently recognized the value of the Pyramid Analytics approach with high marks in customer satisfaction, technical capability and competitive positioning. Pyramid Analytics has partnered with hundreds of industry-leading companies to take them from data blind to data driven, empowering more than one million decision makers to steer their business forward.
The company also has a proven track record of cooperation with Microsoft Corporation to deliver analytics solutions that meet the needs of joint customers through capabilities such as enhanced Power BI and BI Office integration with Publish to Pyramid Server functionality and Microsoft SQL Server Analysis Services connectivity and interactivity.
Fig-2– BI Office: Data discovery provides a rich analytic experience.
The future of Pyramid Analytics
A BI strategy is one of the most important things companies need to survive. Too many businesses are driving data blind because they don’t have access to rich analytics. Or, the tools they use support only isolated analytics experiences. Pyramid Analytics’ CEO Omri Kohl foresaw the big shift toward self-service analytics years before it happened. Towards 2017, this shift will continue to turn mainstream as governed, self-service capabilities will only become a more increasingly important component of a modern BI platform deployment.
Companies that don’t adopt a BI strategy that can help them to transform their business and disrupt their competition may not exist in the future. Pyramid Analytics is passionate about helping those forward-looking businesses implement a complete business analytics platform that is universally available and valuable across their company to meet their demand for business intelligence to accelerate growth.
As a driver of disruptive innovation, Pyramid Analytics will continue to expand its global market presence, leverage its core strengths, and deepen investments in research and development to propel this next wave of business analytics for the industry. A wave that continues to make BI more intuitive, easy to use, and accessible by more users as they continue to work to extract the right intelligence to make the right business decisions. And a wave that redefines what it means to be a truly data driven business in today’s digital age.
Meet the Analytics Ace
Omri Kohl, Co-Founder and CEO: Omri brings more than 20 years’ experience building and managing startups into successful, industry-leading companies. He leads Pyramid Analytics’ strategy and operations, bringing his deep understanding of the business intelligence (BI) market and valuable management experience to a company at the forefront of today’s fast-growing business intelligence industry. Since its founding in 2008, Omri has achieved significant market success and accelerated customer growth for the company, epitomizing the term ‘disruptor’ through his introduction of BI Office and its ground-breaking enterprise platform technology, a complete BI solution for businesses ready to compete as data-driven organizations. He is a highly experienced entrepreneur with a proven track record for growing and managing successful companies. Omri studied economics, finance and business management at Bar-Ilan University, has an MBA from Manchester University, and an MBA in International Business Management from New York University, Leonard N. Stern School of Business.
“We are focused on helping organizations overcome BI limitations and put data to work across the company so everyone can make smarter decisions based on trusted information.” – Omri Kohl, Pyramid Analytics CEO