Alteryx SaaS: A Data Analysis Solution
Today, companies increasingly want to leverage their data to support improved decision-making and strategic thinking. In the world of data analysis, around 40% of companies use big data analytics. Additionally, many more organizations use more traditional data for analysis purposes.
Alteryx allows companies to harness the power of their data, letting organizations gather more leverageable insights to boost performance. If you’re wondering whether Alteryx is a viable solution for your company, here’s what you need to know about this data analysis solution.
What Is Alteryx SaaS?
Alteryx SaaS (software as a service) is a cloud-based data analytics platform that helps companies take the information they’ve collected and analyze it to generate powerful insights. The solution harnesses the power of automation, simplifying the data preparation process. Plus, it uses a code-free approach, so employees of an organization don’t need coding skills to take advantage of everything the platform offers.
As a self-service solution, Alteryx enables companies to perform extract, transform, and load (ETL) operations as needed. The platform can cover many bases, from completing calculations to using predictive tools for forecasting purposes. It also supports recurring analysis, allowing for the creation of ongoing reports and insight generation based on parameters that organizations set once and leave in place.
Pros and Cons of Alteryx SaaS
One of the biggest benefits of Alteryx SaaS is that the solution makes data analytics accessible. As a cloud-based solution, the platform is accessible through a web browser, eliminating the need for software downloads and allowing users to take advantage of the program while on the go.
Additionally, it’s designed with simplicity in mind. Users don’t need a high degree of tech-savviness to use the solution since it’s coding-free. The platform relies on intuitive capabilities, such as drag-and-drop tools, to ensure that anyone can get the insights they require.
Repeatable workflows also allow for scheduled reports. This eliminates the need for redundant or repeated report creation, as a report can be designed once and run automatically at preselected times. Essentially, it’s a robust solution that is surprisingly user-friendly.
Alteryx also prioritizes data privacy and security. Along with building trust with its customers, this helps alleviate concerns relating to compliance. Sound data-management practices and information security are a foundational part of the solution, providing peace of mind.
When it comes to drawbacks, there is a bit of a learning curve. While the platform is designed to support ease of use, data analytics is often inherently complex, so some users may need additional time or training to familiarize themselves with the software.
Some users also feel that the data visualization features are a bit lacking, while others think that the platform seems a bit clunky when used. Finally, Alteryx isn’t a low-cost solution. Instead, it’s often more expensive than some competitors. However, there is a strong potential for a suitable return on investment (ROI), so keep that in mind.
Is This the Right Platform for You?
For a no-code data analytics solution that’s also cloud-based, Alteryx SaaS is worth considering. It’s a feature-rich solution that’s designed with accessibility in mind. However, it isn’t an inexpensive option, is a bit lackluster when it comes to data visualization, and has a learning curve. As a result, it may not work well for everyone.
