All too often in the last decade, business people have been forgotten when it comes to analytics.
Even though these people are closest to what’s happening with customers.
They tend to be left behind when it comes to tools that are often aimed at data scientists, or at least people with deep data knowledge.
Analytics
Savant Labs is looking to bring analytics to the business workforce, and today the startup announced a healthy seed investment of $11 million.
Chitrang Shah, founder and CEO of Savant Labs, says people in charge of processing data spend too much time on manual tasks rather than wrangling the data they need, and they do it repeatedly.
He saw an area that was ripe for automation, which he sees as a key differentiator for the startup.
“So we’re building a platform for [enterprise users], and the main impetus behind that is the tremendous amount of manual work that goes into doing analytics and reporting.
You go and talk to these people and they’ll tell you that half of their time, sometimes more than half of their time, is just doing things by hand over and over again.
And that’s where we’re out there to make a difference. We are the first platform to bring automation to analytics,” Shah told TechCrunch.
Vendors
If you feel like you’ve heard it all before, Shah insists his company is solving a problem for a group too often ignored by tool vendors.
“There’s nothing being done for people sitting in business functions doing analytics… The market for analytics is huge. It’s fragmented.
There are many different players – BI players, data analytics players – all of them are built for data engineering teams or central analytics.
No one is really solving the problem for people sitting in business functions,” Shah explained.
He founded the company in September 2021 when the economy became uncertain, but he is not worried about the short-term macroeconomic environment.
Turbulence
Shah says he’s in it for the long haul and can weather some turbulence to build the company.
He also believes his solution is relevant in good times and bad because automation will always sell.
The product itself is a typical no-code workflow builder with built-in connectors that users can drag and drop to connect to data sources, perform certain actions and events.
Finally output data to update sources like Salesforce and Snowflake, update the associated dashboard. and send a message to relevant employees on Slack when new data is available.
So far, he has 20 employees and says that as a startup founder, regardless of layoffs at tech companies.
It remains a challenge to find employees who not only have the right skills, but are committed to doing what it takes to build a startup.
He says when it comes to hiring, he’s trying to build a diverse workforce, but there are many challenges for a fledgling tech startup.
But he says one of its advantages is that it’s completely remote and can hire from anywhere.
“We’re digital natives from birth, so we don’t have an office. We’ve been a globally distributed company since day one, so we have that level of diversity,” he said. rice field.
But he says that the labor market has not yet managed to make sense of gender diversity. be careful For engineers, despite the layoffs we’ve seen.
Today’s $11 million seed round was led by Cota Capital with participation from WestWave Capital, Bloomberg Beta, Uncorrelated Ventures, Handshake Ventures and several industry angels.
Sources: Techcrunch | newsfet