Nucleus Research anticipates significant ROI for businesses with Yellowfin automated analytics
For immediate release
Nucleus Research states that businesses that deploy:
- Yellowfin Stories could increase productivity by 50-60%
- Yellowfin Signals could increase net revenue by 3-5%
Melbourne, 30 April 2019 - Yellowfin Stories and Yellowfin Signals, new augmented analytics products by Yellowfin BI, are recognized by Nucleus Research as being able to bring significant returns on investment to businesses that deploy them. Signals and Stories by Yellowfin, an innovator and leader in the analytics industry, are designed to give businesses actionable insights faster.
“Nucleus anticipates that the most substantial impact of Yellowfin Signals will be the reduced time-to-value, leading to greater efficiencies and a net revenue increase by three to five percent,” stated the Nucleus Research Note by analyst Barbara Z. Peck. Nucleus Research, which analyses the return on investment (ROI) of technology deployments, continued, “Nucleus anticipates increased productivity of 50 to 60 percent as a result of deploying Stories.”
Launched in October 2018, Yellowfin Signals and Yellowfin Stories are part of the Yellowfin suite of analytics products that is breaking new territory in the augmented analytics field of business intelligence and analytics. Yellowfin Signals is the first automated data discovery product that discovers statistically significant changes in business data and alerts users to the changes in real-time. Yellowfin Stories is a cross-platform data storytelling product that functions like a blogging platform and allows users to embed live reports and add context and narrative to their data insights.
Automated analytics and machine learning are now expected by C-suite decision makers to help them gain success in competitive markets. The analysis of Nucleus Research following the release of Yellowfin Stories and Signals demonstrates that augmented analytics will tangibly benefit businesses.
“While it’s fantastic to continually lead in innovation, ultimately that innovation needs to address real business problems," said Daniel Shaw-Dennis, SVP Strategic Marketing at Yellowfin. “We’re proud to deliver such clear ROI to organizations with our augmented analytics products.”
Nucleus Research said about Signals and Stories, “Yellowfin has addressed one of the drawbacks of traditional BI dashboards – that advances in AI, machine learning, and increased data volume have surpassed the intent and capabilities of conventional dashboard design.”
Read the full report by Nucleus Research on the ROI of Yellowfin Signals and Yellowfin Stories.
Yellowfin is a global Business Intelligence and analytics software vendor with a suite of world-class products powered by automation. Yellowfin is continually recognized as an innovator and is No. 1 in Embedded BI by BARC. More than 27,000 organizations and more than three million end-users across 75 countries use Yellowfin every day. For more information, visit www.yellowfinbi.com