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January 31, 2024

ThoughtSpot’s New AI-Powered Analytics Aim to Advance Business Intelligence

MOUNTAIN VIEW, Calif., Jan. 31, 2024 — ThoughtSpot today unveiled a monumental expansion to the company’s artificial intelligence capabilities that will reinvent how companies realize tangible business value from their data.

These new innovations make analytics invisible and outcomes visible by putting humans, not technology, at the core of data-driven decision making. In doing so, companies can spark their own Data Renaissance, and unleash the creativity and ingenuity of their people like never before while increasing efficiency and impact.

Everyone, from business leader to product builder to data professional, can leverage these new offerings:

  • Business teams can leverage conversational business intelligence (BI), AI highlights, and natural language search, including on ThoughtSpot Mobile, to get more value from their data, wherever and whenever they need it.
  • Data teams can use advanced human-in-the-loop feedback to train and improve the system’s accuracy, and AI Assist to help create SQL and enhance their own productivity.
  • Product teams and developers can bring the power of GenAI to their customers through ThoughtSpot Sage Embed and AskDocs.

“It’s been a pivotal year for EA Games analytics team. GenAI unlocks so much opportunity, and as a business we’re focused on how we leverage the technology to continue to innovate and enhance our games and user experiences. ThoughtSpot helps us analyze and spot trends in our player acquisition, best performing game features, and how we monetize our offerings. It’s extremely fast to answer any data question you input to then deliver a visualization that you can easily pin to your liveboard and ask the next question, and the next,” said Riley Molloy, senior manager of data science at Electronic Arts. “We anticipate significant efficiency gains as we continue to leverage the tool, especially with ThoughtSpot Sage as any stakeholder can use natural language to ask questions and get answers on their own, leaving me and my team to dig into more critical questions and proactive work, providing greater value to the studio.”

“In a matter of months, our trading and product teams have excelled as ThoughtSpot Power Users, leveraging its capabilities to analyze bookings, pricing, margins and hotel availability, in ways and timescales that we previously only dreamed of. This empowers our teams to enhance customer service and also boost profitability, by ensuring that hotels have sufficient availability, that prices are competitive and that margins are maximized. It ensures a rewarding experience for the customer, as well as a strong margin return for our business,” said Ian Pressman, Senior Data Manager, easyJet holidays. “ThoughtSpot Sage excites us, as it enables effortless ad-hoc questioning for instant answers at all levels, from business professionals to the leadership level, where rapid answers to ad-hoc questions are of the utmost importance.”

Reinventing BI with AI to spark the Data Renaissance

While the promise of analytics has captivated businesses for decades, data teams have been limited in their ability to keep up–trapped by the business intelligence industry’s reliance on hard coding SQL, static insights, and dead-end dashboards. But generative AI has created an opportunity to not only upend these longstanding data challenges, but usher in a new era for analytics. This Data Renaissance, fueled by advances in AI, is a chance for businesses of all sizes, across industries to reimagine how data can add value across every facet of their organization.

Simply adopting a foundational model will not be enough to spark this Data Renaissance, however. Instead, organizations need analytics platforms that prioritizes the human experience, focuses on outcomes, and delivers accurate answers built on a secure, strong, transparent data foundation. Customers such as Electronic Arts, easyJet holidays, Act-On, MDAudit and NorthPoint Development, are experiencing the business transformation and outcomes that AI-powered analytics are driving across their organizations.

New Capabilities for Every User

The new products come after a year of significant innovation for ThoughtSpot, including acquiring Mode Analytics and launching ThoughtSpot Sage. The company’s significant expansion of its AI offerings take this innovation further to deliver a modern, impactful experience to every kind of user, regardless of technical expertise. Learn more about all the new capabilities here.

About ThoughtSpot

ThoughtSpot is the AI-Powered Analytics company. Our mission is to create a more fact-driven world with the easiest to use analytics platform. With ThoughtSpot, anyone can leverage natural language search powered by large language models to ask and answer data questions with confidence. ThoughtSpot enables everyone within an organization to limitlessly engage with live data in any popular cloud data platform, making it easy to create and interact with granular, hyper-personalized, and actionable insights.

Source: ThoughtSpot