ThoughtSpot Announces SpotIQ is Now Generally Available, Putting the Power of 1000 Analysts in Every Businessperson’s Hands

  ThoughtSpot Announces SpotIQ is Now Generally Available, Putting the Power
  of 1000 Analysts in Every Businessperson’s Hands

   New AI engine, along with host of new features, now available as part of
                               ThoughtSpot 4.4

Business Wire

PALO ALTO, Calif. -- October 26, 2017

ThoughtSpot today announced SpotIQ, the company’s new AI-driven analytics
engine, is now generally available in version 4.4 of its popular enterprise
analytics platform, at no additional charge. It follows the closure of its
$120M series C funding round announced in August, which is being used to
extend ThoughtSpot’s product capabilities and leadership in AI. All
ThoughtSpot customers including Amway, Capital One, Chevron, De Beers,
Insurethebox, Miami Children’s Hospital, and Scotiabank are entitled to free
upgrades to SpotIQ and the rest of the features included in ThoughtSpot 4.4.

The Power of 1000 Analysts

Built on ThoughtSpot’s next generation, massively scalable analytics platform,
SpotIQ enables business users to make smarter data driven decisions fueled by
automated AI-driven insights. SpotIQ works hand-in-hand with Relational Search
to curate deep and relevant insights for users that they may not have thought
to look for on their own. SpotIQ automatically asks thousands of questions
about billions of data points and bring back dozens of insights in seconds. It
arms non-technical business users with the power of 1000 analysts, while
saving tens of thousands of hours of analysts’ time by instantly flagging up
trends, anomalies, and other hidden insights in billions of data points.

“In today’s world, it’s not enough to provide data-driven insights to
executives, or even line of business managers. You need to empower everyone in
the business with easy analytics they can trust,” said ThoughtSpot CEO Ajeet
Singh. “With SpotIQ’s AI-driven analytics, everyone from sales reps to claims
adjusters to fashion buyers have the tools they need to make decisions, work
more efficiently, and ultimately, achieve their business goals.”

“This is not just a big brother technology where the answer is what the
computer says, it is about an ongoing interaction between the human users and
the machine learning,” commented David Norris, Senior Analyst, Bloor Research,
in a recent research note. He continued, “This is the first substantiation I
have seen of what I envisaged cognitive analysis would look like and I shall
be following how this develops very carefully.”

SpotIQ Capabilities

More information can be found here, which includes detailed information on
SpotIQ capabilities, such as:

  * Automated insights - SpotIQ employs dozens of sophisticated algorithms to
    automatically uncover insights on search results, visualizations, or an
    entire data set. It can even auto analyze and describe factors
    contributing to differences between two data points.
  * Personalized insights - SpotIQ leverages ThoughtSpot’s DataRank machine
    learning algorithm to understand each user’s profile, preferences, and
    search behavior to ensure insights are relevant, trusted, and
    personalized.
  * Transparent calculations - SpotIQ doesn’t behave like a black box. The
    system provides detailed visibility into how each insight is generated.
  * Natural language narratives - SpotIQ automatically generates narratives
    accompanying each chart in a way you understand so you can make faster,
    better informed decisions.
  * Human feedback loop - Users can enhance machine-discovered insights
    through reinforcement learning by providing explicit thumbs up/down
    feedback. SpotIQ continuously learns to ensure insights match your
    preferences.
  * Custom and scheduled analysis - SpotIQ lets you trigger recurring analyses
    to be executed, specify the scope of the data to analyze, change algorithm
    parameters, and perform other customizations to fine-tune analyses.

Additional New Capabilities in ThoughtSpot 4.4

Besides SpotIQ, ThoughtSpot 4.4 brings over 50 new features and enhancements,
including:

  * Enhanced Search Experience - Get new and improved visual feedback while
    searching - easily distinguish measure, attribute and other object types,
    optionally collapse/expand long queries, and more
  * Query Visualizer - Gain full transparency  through a detailed diagram  of
    how a query is executed, no matter how complex the schema, down to the
    exact sequence of joins and filters that were applied to compute an
    accurate result.
  * Regression Lines - Toggle on or off best fit lines to identify causal
    relationships and to forecast upward or downward trends on noisy data
  * New Chart Options - Create colorful, vibrant visualizations with an
    improved color palette or specify a custom color using Hex code. Visualize
    your data in advanced Radar and Sankey charts.
  * Self-Learning - Quickly learn how to use ThoughtSpot through step-by-step
    Search Replay from a new customizable in-product Learning Center.

About ThoughtSpot

ThoughtSpot, the leader in Search and AI-Driven analytics for humans, is
helping the largest companies in the world succeed in the digital era by
putting the power of a thousand analysts in every business person's hands.
With ThoughtSpot, business people can use a Google-like search to easily
analyze billions of rows of data or automatically get trusted insights to
questions they didn’t know to ask - all with a single click. ThoughtSpot
connects with any on-premise, cloud, big data, or desktop data source,
deploying 85 percent faster than legacy technologies. Customers like Amway,
Bed Bath and Beyond, Capital One, Celebrity Cruises, Chevron Federal Credit
Union, De Beers, Insurethebox and Scotiabank have put ThoughtSpot at the core
of their business processes. With ThoughtSpot, business leaders and frontline
workers alike have made more than 3 million data informed decisions.

ThoughtSpot was co-founded in 2012 by Ajeet Singh, former co-founder and Chief
Product Officer at Nutanix, the largest tech IPO of 2016. With an engineering
team built with Google, Amazon, and Facebook DNA, ThoughtSpot has raised over
$160M in funding from Lightspeed Venture Partners, Khosla Ventures, General
Catalyst Partners, Geodesic Capital and Capital One Growth Ventures. The
company is headquartered in Palo Alto, with offices in Seattle, London and
Bangalore. For more information please visit thoughtspot.com.

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ThoughtSpot makes SpotIQ generally available to bring AI-driven analytics to
the masses.

Contact:

ThoughtSpot
Ryan Mattison, 949-680-9110
ryan.mattison@thoughtspot.com
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