Savant Labs has entered the business automation industry, unveiling an advanced platform designed for data analysts. The company, vying for market position against software giant Alteryx, recently secured an investment of $18.5 million in a Series A funding round headed by Dell Technologies Capital.
Savant Lab’s debut platform caters specifically to business analysts, enabling them to streamline their workflows through automated functions. The software has been designed with the familiarity of a spreadsheet interface, catering to analysts who often utilise such format. This focus on user-friendly interfaces combined with automated functions ends up generating a host of useful business-centric workflows and automations.
Established by prior executive of Lattice Engines, Chitrang Shah, Savant Labs is providing a solution to the increasing demand for analytics in wider markets by offering a tool that eliminates the disconnect between supply and demand of analytics. The tool delivers analysis solutions not only for sales and marketing, but also for finance, supply chain, and HR analytics. This strategic approach targets the bottleneck often faced by analysts due to a shortage of data engineers.
Recognizing the growing need for businesses to harness the full potential of their data, Savant Labs delivers a solution where other traditional tools fail to meet the requirements. The successful leap into AI and automated solutions allows Savant to do tasks that were unthinkable years ago.
Savant’s platform enables users to harness Excel standard formulations to process and manipulate data, aided by the service’s bot. The software can connect to numerous data sources from spreadsheets to data warehouses and SaaS apps. Additionally, Savant Labs assures stringent access control and robust security measures.
While larger businesses are the primary market focus, Savant Labs has an eye on the potential in small and medium enterprises. Collaboration and governance are key aspects in the company’s strategy to mainstream analytics for a broader user base.
In summary, Savant Labs is stepping into the future of business analytics by bridging technology with user-friendliness, providing an effective solution for a broader market.
Original source: Read the full article on TechCrunch
