Cloud Startup In Focus – Anaplan

Cloud Startup In Focus – Anaplan

Cloud Startup In Focus – Anaplan

anaplanCloud Analytics is a hot space right now and there’s no second guessing about it. Driven by the demand for quick analytics for anyone and everyone, from C level executives down to a plant operator, startups are sprouting up and taking on the challenge to solve the equation of providing big data analytics for SMEs and enterprise companies alike. Anaplan is one such startup with solid technology and rapidly growing customer base. It provides modeling solutions for finance and operations, all served through the Cloud.

The industry has perfected the art of gathering data, huge amounts of it. This is what we often call “big data”. It may be temperature readings inside a manufacturing plant being streamed through a WSN (Wireless Sensor Network) onto a big data store or finance transactions of an organization or consumer product sales etc. With the humongous amounts of data being logged around the clock, what use would it be if we cannot model it and derive trends, patterns and insights? Unfortunately, the “processing” part of this equation has yet to catch up, despite a plethora of new and old companies offering big data modeling and analytic solutions.

anaplan-cloud

The big promise of Cloud based big data analytics is to enable decision makers to base their forecasts and decisions, albeit small, on real data being constantly streamed into companies own systems or on the internet. One such case, for example, is sentiment analysis on Twitter. There are companies which offer solutions to process tweets and determine user sentiment on a particular product, service or an event. Small and medium sized companies would find it hard to procure hardware and license software in order to log the twitter data and then perform analytics on it. Cloud analytics provides a viable alternative. It helps you log and process data and generate analytic reports without the need for any sort of hardware.

Anaplan is one such startup. It has recently closed its Series C with $30 million funding. The company promises to offer an “alternate to (Microsoft) Excel based analytics”. This promise comes with lightning fast multi-dimensional modeling engine powered by their patented Hyperblock technology which is a hybrid of relational, vertical and OLAP databases and a calculation engine. One user quotes processing 2.8 million transactional records under 2 seconds – on the Cloud.

Since the complete application resides on the Cloud, there’s no need for any dedicated hardware for the application to work. You can fire up the application inside your browser on a mobile platform. This thin deployment which they call “Zero Deployment” is what Cloud is all about. You no more need to license “boxes” along with the analytics solution although there’s still an aspect of vendor lock-in which needs to be addressed deeply. However, the solution comes with a data migration tool which enables data to be imported or exported in/out of popular platforms like Salesforce and SnapLogic etc.

Putting powerful and yet simple-to-use analytics into the hands of decision makers liberates them from the need to tie up IT and drives better decisions based on real data. Anaplan and startups like this are making a headway into this territory.

By Salman UI Haq

Are you a unique young cloud startup looking for coverage? Contact us and tell us why you believe you are the next rising star! 

Follow Us!

CloudTweaks

Established in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!
FacebookTwitterLinkedInGoogle+Share

Sorry, comments are closed for this post.

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Popular

Top Viral Impact

Using Big Data To Make Cities Smarter

Using Big Data To Make Cities Smarter

Using Big Data To Make Cities Smarter The city of the future is impeccably documented. Sensors are used to measure air quality, traffic patterns, and crowd movement. Emerging neighborhoods are quickly recognized, public safety threats are found via social networks, and emergencies are dealt with quicklier. Crowdsourcing reduces commuting times, provides people with better transportation

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow  Online Education is a very exciting topic for many as it opens up many new doors and opportunities. We’ve touched on areas such as Massive Open Online Sources (MOOC) which provides tremendous levels of cloud based interconnectivity. We’ve taken a look into higher education,  the increased demand for online courses as well as

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery Preventing a Cloud Disaster is one thing. Recovering from a disaster is a whole other area of concern. Today’s infographic provided by CloudVelox outlines some best practices and safeguards in order to help your business make more informed decisions. About Latest Posts Follow Us!CloudTweaksEstablished in 2009,

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate long term with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

Please review the guidelines before applying.