There's no signal in ten million dollars anymore.
Hi Benn, love this. While it has a few pessimistic undertones, I appreciate your realistic view on how the data space's evolved in the past few years. For future content, I'd love to hear your predictions on how the role of data analysts will be affected by the ongoing consolidation, obsoletion, and extinction events in the data industry.
This article is my startup experiences summarized, to my luck it even aligns on the data platform and one of our competitor we often lose business to is Alteryx. The part about the PDF download is so accurate, Around Q4-2022, it took me by surprise with all the configurable embeddable real time dashboards, it was excel/pdf that made the sale, which dissolved my conviction in business case on a data platform like the one I built. Its wild how times are progressing.
Really great and thought inspiring post - thanks for writing this. My gut is that data just means so many different things to different companies (and within companies) that it does make sense that the tools themselves are highly fragmented. As there's more consolidation in best practices, standards, etc you'll see a consolidation in tools. What is surprising is that there are so many differences across the industry.
There aren’t any public pure-play BI tools. Do you think ThoughtSpot has the potential to go public or the most probable exit scenario is M&A?
I have never quite understood the Alteryx (and related tools phenomenon.) I understand high level what the tool can do and why it’s valuable. I just don’t understand 1) the all your eggs in 1 basket approach from a company risk / investment standpoint or 2) all your eggs in 1 basket from a career standpoint - ie I’m a data person and I use Alteryx. Alteryx has done well and is big enough now where many companies and Individuals will be just fine with their bet - but what about all the people who bet on the various competitors who are now gone? I guess they are using Alteryx now and starting again...