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LIC’s Datalogz raises $2.3M is seed funding, aims to end ‘business intelligence sprawl’
Mar 22, 2023 - Queens Post
Long Island City-based tech startup Datalogz announced it raised $2.3 million in seed funding after successful pilots with Fortune 500 companies. Datalogz is a Business Intelligence Ops platform that aims to end analytics sprawl.
Companies today have an ever-growing pile of reports on data and while the abundance provides access to information that these companies need to succeed, the high volume frequently becomes unmanageable. The number of reports isn’t just overwhelming, but it increases risk.
The so-called “BI sprawl” becomes a threat when companies reach an unmanageably high volume of reports being created. Reporting mistakes result in enormous costs, reduced data integrity from data propagation in BI tools, and causes security risks. The lack of optimization in the BI environment drives up unnecessary data warehouse spend, licensing costs, duplicate computing, cloud stage fees, and more.
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