In 2023, Savant Labs introduced an automation platform designed specifically for data analysts, securing $18.5 million in funding from Dell Technologies Capital. The platform centers around a user-friendly, spreadsheet-like interface, acknowledging that business analysts often rely heavily on spreadsheets. CEO Chitrang Shah emphasized the significant market potential for analytics tools beyond traditional sales and marketing applications, particularly in finance and HR analytics. He pointed out the growing demand for analytics amidst a shortage of data engineers, positioning Savant Labs to innovate where larger competitors have stalled.
We realized there is a much bigger market beyond sales and marketing, especially in finance, supply chain, HR analytics.
There is a big disconnect between supply and demand of analytics. The demand continues to grow with more SaaS apps being deployed, more data being generated.
Many tools on the market focus on data engineers, and they are the ones typically in charge of automating analytics solutions.
We saw the opening in the market and sought to push innovation forward for business analysts.
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