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! 

About CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in connected technology information and services.

We embrace and instill thought leadership insights, relevant and timely news related stories, unbiased benchmark reporting as well as offer green/cleantech learning and consultive services around the world.

Our vision is to create awareness and to help find innovative ways to connect our planet in a positive eco-friendly manner.

In the meantime, you may connect with CloudTweaks by following and sharing our resources.

View All Articles

Sorry, comments are closed for this post.

Comic
Three Tips To Simplify Governance, Risk And Compliance

Three Tips To Simplify Governance, Risk And Compliance

Governance, Risk and Compliance Businesses are under pressure to deliver against a backdrop of evolving regulations and security threats. In the face of such challenges they strive to perform better, be leaner, cut costs and be more efficient. Effective governance, risk and compliance (GRC) can help preserve the business’ corporate integrity and protect the brand,…

The Annual Compliance & Ethics Institute:  Hot Topics – Cyber Security, Big Data, Privacy Breach Response

The Annual Compliance & Ethics Institute: Hot Topics – Cyber Security, Big Data, Privacy Breach Response

Cyber Security, Big Data, Privacy Breach Response MINNEAPOLIS, Aug. 30, 2016 /PRNewswire-USNewswire/ — Cyber security, social media, modern slavery, anti-corruption, export controls and sanctions, and privacy top the list of “Hot Issues” compliance and ethics professionals face each day. These and many other compliance and ethics concerns will be addressed at the 2016 Compliance & Ethics…

Top 5 Digital Health Trends

Top 5 Digital Health Trends

Digital Health Trends It is very important to keep up with the changing technology. However, it is also just as important to advance the consumer experience, care delivery methods and create opportunities for career development for the healthcare workforce. Five trends that are proven to be effective in winning in the digital age have been…

Technological Advances In The Healthcare Industry

Technological Advances In The Healthcare Industry

The Healthcare Industry The use of smart devices in healthcare is expanding, and according to a report by Technavio the global smart wearable healthcare device and services market will show a compounded annual growth rate of over 18%. Thanks to modern medicine, lifespans are increasing, resulting in aging populations and a higher frequency of chronic…

How Secure Is Your School Campus Network?

How Secure Is Your School Campus Network?

School Networks School related networks are one of the most attacked sectors today, coming in third worldwide to healthcare and retail. Because of the ever growing threat of cybercrime, IT professionals everywhere aren’t thinking in terms of “what if our network gets attacked?” Now, they think in terms of “when will our network be attacked?”…

Digital Transformation: Not Just For Large Enterprises Anymore

Digital Transformation: Not Just For Large Enterprises Anymore

Digital Transformation Digital transformation is the acceleration of business activities, processes, and operational models to fully embrace the changes and opportunities of digital technologies. The concept is not new; we’ve been talking about it in one way or another for decades: paperless office, BYOD, user experience, consumerization of IT – all of these were stepping…

How To Humanize Your Data (And Why You Need To)

How To Humanize Your Data (And Why You Need To)

How To Humanize Your Data The modern enterprise is digital. It relies on accurate and timely data to support the information and process needs of its workforce and its customers. However, data suffers from a likability crisis. It’s as essential to us as oxygen, but because we don’t see it, we take it for granted.…

5 Ways To Ensure Your Cloud Solution Is Always Operational

5 Ways To Ensure Your Cloud Solution Is Always Operational

Ensure Your Cloud Is Always Operational We have become so accustomed to being online that we take for granted the technological advances that enable us to have instant access to everything and anything on the internet, wherever we are. In fact, it would likely be a little disconcerting if we really mapped out all that…

The Cancer Moonshot: Collaboration Is Key

The Cancer Moonshot: Collaboration Is Key

Cancer Moonshot In his final State of the Union address in January 2016, President Obama announced a new American “moonshot” effort: finding a cure for cancer. The term “moonshot” comes from one of America’s greatest achievements, the moon landing. If the scientific community can achieve that kind of feat, then surely it can rally around…

Connecting With Customers In The Cloud

Connecting With Customers In The Cloud

Customers in the Cloud Global enterprises in every industry are increasingly turning to cloud-based innovators like Salesforce, ServiceNow, WorkDay and Aria, to handle critical systems like billing, IT services, HCM and CRM. One need look no further than Salesforce’s and Amazon’s most recent earnings report, to see this indeed is not a passing fad, but…

Cloud Infographic – The Future (IoT)

Cloud Infographic – The Future (IoT)

The Future (IoT) By the year 2020, it is being predicted that 40 to 80 billion connected devices will be in use. The Internet of Things or IoT will transform your business and home in many truly unbelievable ways. The types of products and services that we can expect to see in the next decade…

The Monstrous IoT Connected Cloud Market

The Monstrous IoT Connected Cloud Market

What’s Missing in the IoT? While the Internet of Things has become a popular concept among tech crowds, the consumer IoT remains fragmented. Top companies continue to battle to decide who will be the epicenter of the smart home of the future, creating separate ecosystems (like the iOS and Android smartphone market) in their wake.…

Why Hybrid Cloud Delivers Better Business Agility

Why Hybrid Cloud Delivers Better Business Agility

Why Hybrid Cloud Delivers Better Business Agility A CIO friend of mine once told me that a hybrid cloud model enables him to “own the base, rent the spike” when it comes to unplanned events. Let’s face it – maintaining unused infrastructure for rare or random IT events is expensive and unnecessary in a cloud…

Cloud Infographic – Interesting Big Data Facts

Cloud Infographic – Interesting Big Data Facts

Big Data Facts You Didn’t Know The term Big Data has been buzzing around tech circles for a few years now. Forrester has defined big data as “Technologies and techniques that make capturing value from data at an extreme scale economical.” The key word here is economical. If the costs of extracting, processing, and making use…

New Report Finds 1 Out Of 3 Sites Are Vulnerable To Malware

New Report Finds 1 Out Of 3 Sites Are Vulnerable To Malware

1 Out Of 3 Sites Are Vulnerable To Malware A new report published this morning by Menlo Security has alarmingly suggested that at least a third of the top 1,000,000 websites in the world are at risk of being infected by malware. While it’s worth prefacing the findings with the fact Menlo used Alexa to…

Cloud Computing Services Perfect For Your Startup

Cloud Computing Services Perfect For Your Startup

Cloud Computing Services Chances are if you’re working for a startup or smaller company, you don’t have a robust IT department. You’d be lucky to even have a couple IT specialists. It’s not that smaller companies are ignoring the value and importance of IT, but with limited resources, they can’t afford to focus on anything…