Today Domo (Nasdaq: DOMO) announced it has been ranked the number one vendor in the Dresner Advisory Services’ 2024 Wisdom of Crowds® Cloud Computing and Business Intelligence (BI) Market Study for the eighth consecutive year.
Domo’s top-place ranking in the Cloud Computing and BI Market Study was based on confirmed functionality and weighted by collective end-user feedback as well as the analyst’s observations. In rating the vendors, Dresner considered cloud BI features, cloud architecture, cloud security and web data connectors, weighted by user priority of capabilities.
This report evaluated cloud BI vendors and their deployment methods while analyzing feature advantages and disadvantages. The market study notes that the flexibility and scalability offered by cloud BI solutions can be highly beneficial for businesses looking to adapt quickly to changing market conditions or to scale operations without significant upfront investments in infrastructure.
“We’re thrilled that Domo has once again been rated as the #1 vendor in Dresner’s annual Cloud Computing and BI report,” said Daren Thayne, CTO and EVP of Product at Domo. “Our team is passionate and dedicated to providing our customers with the most advanced tools and innovations so that our platform can continue solving the complex data and analytics challenges our customers face now and in the future.”
“We’re seeing cloud-based BI, and especially public cloud-based solutions, becoming increasingly dominant in the marketplace, and vendors such as Domo are well-positioned to benefit from this proliferation,” said Howard Dresner, founder and chief research officer at Dresner Advisory Services. “We congratulate Domo for its top ranking in our 2024 Cloud Computing and BI Market Study, defending their #1 rating from last year.”
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