Domo Introduces Industry’s First Multi-Cloud Data Offering for Modern BI

The resulting fabric provides the agility customers need to leverage all of their cloud data platforms, putting data to work from right where it lives

SILICON SLOPES, Utah--(BUSINESS WIRE)--Today at Domopalooza, Domo (Nasdaq: DOMO) introduced the Industry’s first multi-cloud data offering for modern BI, giving business decision makers a single interface from which they can leverage data across multiple cloud data platforms, without ever having to worry where the data is coming from or what tools they must use to access it.

This new offering will help customers overcome the challenges of data access and agility in today’s complex modern IT environments, in which new data sources are regularly being introduced and added, while the need for real-time actionable insights remains imperative for business decision makers everywhere.

“Just like Amazon changed the shopping experience by giving consumers the ability to access any product from any vendor through one portal, Domo is giving business decision makers one single interface from which they can seamlessly access and leverage data from any of their cloud data platforms, regardless of where the data actually resides,” said Josh James, Founder and CEO, Domo.

Through 2022, more than one-half of organizations will migrate on-premises workloads to cloud data platforms, shifting focus to solving business needs rather than maintaining systems, according to Ventana Research.

Dave Menninger, SVP and Research Director, Ventana Research said, “Data is only useful if you can take action on it to improve business outcomes, and as organizations continue to invest in cloud for speed and flexibility, they must also invest in the technology to more effectively utilize the data in these cloud platforms. Domo’s approach, including its native integrations to Snowflake and Amazon Redshift, is designed to streamline the time-consuming processes of onboarding and managing data, helping IT leaders more efficiently serve the business with data.”

At the heart of this offering is Domo’s ability to take all of the cloud data warehouse investments that customers have made, including data models, permissions and tuning – and use the core power of Adrenaline, Domo’s query engine, data store and transformation engine, to put that data to work. This foundation leverages Domo’s unified governance, data models, and search to make it easier for IT and data leaders to have visibility and manage these disparate data sources, no matter where they reside.

This foundation then powers The Business Cloud™ experiences, dashboards, stories, intelligent apps, embedded analytics, and alerts that are inherent in Domo’s modern BI platform to accelerate the rate at which companies can confidently get actionable insights into the hands of decision makers everywhere.

“Dissolving the boundaries of data silos and making it easy to leverage data is something Domo does exceptionally well. With our multi-cloud data fabric capabilities, we are making it even easier for customers to achieve modern BI for all and accelerate the speed of business transformation,” added James.

Today Domo also announced Domo for Amazon Redshift, which is the second native integration to a cloud data platform that makes it easier for customers to leverage that data across the organization.

For more information on Domo, visit here.

About Domo

Domo is the Business Cloud, empowering organizations of all sizes with BI leverage at cloud scale, in record time. With Domo, BI-critical processes that took weeks, months or more can now be done on-the-fly, in minutes or seconds, at unbelievable scale. For more information about how Domo (Nasdaq: DOMO) helps its customers go fast, go big and go bold, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.

This press release contains forward-looking statements as defined within the meaning of the U.S. federal securities laws, including statements regarding the results and benefits from using Domo for Amazon Redshift, empowerment of Domo customers to monetize, share, and otherwise better leverage their data, and related anticipated results. These statements are based on information, expectations and assumptions as of the time of this press release with respect to future events and business performance and are subject to risks and uncertainties that may cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to the risks set forth in our most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K, and our other filings with the U.S. Securities and Exchange Commission. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Domo, Domopalooza and Domo is the Business Cloud are registered trademarks of Domo, Inc.