Unlock Efficiency: Savant Labs – The Ultimate Automation Platform for Business Analysts

In 2023, Savant Labs introduced its innovative automation platform for data analysts, aiming to redefine how business analysts interact with data. The company recently announced a successful Series A funding round, raising $18.5 million led by Dell Technologies Capital, positioning itself as a formidable competitor to established players like Alteryx.

Focus on Business Analysts

Savant’s approach sets it apart from traditional low-code/no-code tools, as it is specifically designed for business analysts. According to CEO and founder Chitrang Shah, analysts often find themselves bogged down by spreadsheets. Savant has integrated a spreadsheet-like interface at the core of its user experience, allowing analysts to seamlessly automate their workflows.

Background of Savant Labs

Before founding Savant Labs, Shah gained valuable experience at Lattice Engines, where he developed machine learning models. Following Lattice’s acquisition by Dun & Bradstreet in 2019, he launched Savant Labs in 2021, intending to expand beyond the sales and marketing focus of his previous work.

Shah emphasizes that there is a substantial gap between the demand for analytics and the supply of skilled data engineers. This growing demand, fueled by the proliferation of SaaS applications and data generation, highlights the need for accessible analytics solutions.

• Many existing tools cater primarily to data engineers.
• Analysts often face bottlenecks due to the shortage of data engineers.
• Savant aims to bridge the gap, offering innovative solutions for analysts.

Innovation and Market Opportunity

Savant Labs sees a significant opportunity in the market, especially as competitors like Alteryx have seen stagnation in innovation. Shah notes, “There’s an opening for us to take the baton and carry it forward to the next generation.” The rapid evolution of technology, particularly in AI, allows Savant to provide features that were previously unattainable.

Radhika Malik from Dell Technologies Capital reinforces this perspective, stating, “Harnessing the power of data is now a business imperative, and Savant’s vision for AI-driven analytics will transform the user experience for analysts and enterprises alike.”

Features of Savant’s Platform

Savant’s platform offers users the ability to utilize standard Excel formulas for data manipulation while also enabling them to request formula creation through the service’s bot. Key features include:

• Connectivity to various data sources, from spreadsheets to data warehouses and SaaS applications.
• Centralized tools for data access management and role-based security controls.
• A user-friendly drag-and-drop interface that simplifies the data workflow process.

Target Audience and Future Plans

Savant Labs primarily targets larger enterprises with over 1,000 employees, including several Fortune 500 companies in sectors like healthcare, energy, and insurance. Looking ahead, Shah aims to extend their services to small and medium-sized businesses, highlighting the necessity of making analytics accessible to a broader audience.

“Analytics shouldn’t be confined to technical users. We strive to empower a wider range of users while ensuring governance and oversight for central teams,” Shah asserts, addressing the significant gap in governance and collaboration in current analytics solutions.

In addition to Dell Technologies Capital, other investors in this funding round included Vertex Ventures, Cota Capital, Village Global, Bloomberg Beta, West Wave Capital, and Uncorrelated Ventures. To date, Savant Labs has successfully raised a total of $29.5 million.

For more information about Savant Labs and its innovative solutions, visit their official website.