One of our internal customers is a capital finance team. Before we reached out to them, they were pretty much handling all their data in Excel sheets. Their data has been expanding rapidly and they needed reporting in a visualization solution. They have different forecast methodologies and cycles, and different metrics within those forecasts types. They have various types of capital metrics. If you are from a finance background, you might have heard of what an IOI or an NPV or an IRR is. They had been doing it in Excel.
Ideally, to fulfill their needs, you would need two different solutions. One is a transformation solution. When you are handling huge amounts of data, you certainly need a database and, most commonly, what you prefer is SQL. Once your transmission is complete, you would also need a visualization solution. There are many available in the market.
With Domo, we can do everything in one place. We don't need a separate database. We can do ETL and the visualization in one location.
It's not on a device. It is completely cloud-based. Since we are a healthcare provider, we chose the secure instance of the public cloud: a PSI-certified instance.