June 26, 2022

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KEY THINGS THAT MAKE DOMO A POPULAR BI TOOL WITH EXECUTIVES

3 min read
bi tool executives

Companies spend billions of dollars on business intelligence (or BI) software each year, hoping to find the best tool to convert raw data into actionable information. Although relatively new, Domo is counted among the top of these software tools, primarily due to its broad connectors and incredibly flexible features.

Moreover, affordable Domo pricing has made it possible for large and small businesses to invest in this sophisticated tool, immensely boosting productivity and profitability. Even startups with limited budgets are not holding back from investing in this spectacular BI software, as it can help manage vast amounts of data.

But before delving further into price details, it will help to know more about why this tool is so viral among company heads.

Drives action 

It is impossible to track online data usage by the minute, making tools like this more critical as they help in effective data management. But what differentiates Domo from other analytics tools is that it drives action, and the action gets results. For instance, its dashboards, connectors, and processing tools get effective results using a strategic approach despite resembling any other analytical tech.

One of the advantages of Domo, is its specificity. Traditional BI tools are not truly tailored to a particular audience. In contrast, the Domo approach is tailored to meet a specific audience or targeted individual. It also has alerting capabilities to inform executives when something is amiss or out of the ordinary.

An all-inclusive platform

Since the BI software offers hundreds of different tools, it ensures that business heads do not seek answers from various individuals to operate daily tasks successfully. Tools include internal data warehouses, over a thousand pre-built applications, mobile compatibility, hundreds of API connectors, App design and Dev studio, analyzer, and scores more.

Furthermore, it facilitates team collaboration wherein members can quickly respond to queries and requests without hassles. Ultimately, it works toward business scalability on the cloud beyond standard tools like spreadsheets and data processing tech.

Affordability 

Domo pricing has long been debated among several sources, with many claiming the tool can be costlier than others. However, the consensus is that while the cost may indeed be more than other BI software, the extensive features and sophistication of Domo justifies the cost.

Domo costs will fluctuate based on key components such as the number of connectors and users, the amount of data used, support packages, and the length of the contract. 

Small and medium-sized entities can pay an average of $30,000 to $75,000 for the tool, depending on usage. Meanwhile, large companies might need to invest $50,000 to $75,000, perhaps more, mainly due to more extensive data.

Alternatively, you can try a free trial version of the software to understand how valuable it could be to your business.

Expert guidance available 

Domo partners, such as expert consultancy firms can help startups and amateurs get the hang of this incredible software in no time. They have unmatched expertise in platform implementation, assisting users with everything from dashboards and custom applications to governance and maps.

Remember to choose a price package depending on your specific needs, helping you attain the best Domo training for a reasonable price. 

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