Extra Crunch Tuesday: It's time to abandon business intelligence tools

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Tuesday, March 23, 2021 By Walter Thompson and Annie Siebert

Welcome to Extra Crunch Tuesday

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Image Credits: Jon Feingersh Photography Inc / Getty Images

Business intelligence tools are designed to uncover hidden truths that produce desired outcomes.

Ideally, BI transforms raw data into actionable information, but according to Charles Caldwell, VP of product management at Logi Analytics, “a gap exists between the functionalities provided by current BI and data discovery tools and what users want and need.”

Few BI tools actually integrate with existing workflows and most offer clunky user experiences, “leaving many individuals feeling like they need an advanced computer science degree to actually be able to pull insights out.”

Instead of requiring workers to abandon workflow applications to access data, embedded analytics are more efficient and easier to use, says Caldwell.

In short, “it’s time to abandon BI — at least as we currently know it.”

Thanks very much for reading Extra Crunch this week — don’t miss our ongoing coverage of YC Demo Day!

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

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Discord’s reported $10B exit; Compass and Intermedia Cloud Communications set IPO price ranges

Discord’s reported $10B exit; Compass and Intermedia Cloud Communications set IPO price ranges image

Image Credits: Nigel Sussman

This morning, Alex Wilhelm dug into Discord’s possible $10 billion exit to Microsoft and explored IPO price ranges for real estate-tech company Compass and Intermedia Cloud Communications, a Unified communications-as-a-Service company.

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Social+ payments: Why fintechs need social features

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Image Credits: Mironov Konstantin / Getty Images

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Deep science: AI is in the air, water, soil and steel

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Image Credits: Alashi / Getty Images (Image has been modified)

AI is everywhere, from aiding the EPA in rooting out violators of environmental rules to helping to sort scrap metal into recyclable material and trash.

Last week, Devin Coldewey explored a few unusual applications of developments in machine learning, as well as a particularly unusual rejection of the method for pandemic-related analysis.

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NFTs could bridge video games and fashion

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Image Credits: Amber J. Dickinson

Music companies, celebrities and fashion brands are some of the latest entities to dip a toe into the burgeoning NFT market.

In part two of a three-part series, we take a look at why NFTs are “the next chapter of digital art history.”

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Where is the e-commerce app ecosystem headed in 2021?

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The pandemic-induced growth of e-commerce is, by now, well documented.

What is happening in the app ecosystem that supports e-commerce? Is it growing, or are we more likely to see consolidations and IPOs?

Let’s explore.

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ironSource is going public via a SPAC and its numbers are pretty good

ironSource is going public via a SPAC and its numbers are pretty good image

Image Credits: Nigel Sussman

You’ll want to pay attention to this one: Israel’s ironSource, an app-monetization startup, is going public via a SPAC.

It’s the second SPAC-led debut from an Israeli company in recent weeks worth more than $10 billion, and ironSource is actually a pretty darn interesting company from a financial perspective.

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Coursera set to roughly double its private valuation in impending IPO

Coursera set to roughly double its private valuation in impending IPO image

Image Credits: Bryce Durbin / TechCrunch

The market views Coursera’s edtech business warmly ahead of its impending public offering.

Coursera is being valued as a software company, likely a breathe-easy moment for still-private edtech companies, since the debut could be an industry bellwether.

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