IRVINE, Calif. and DUBAI, United Arab Emirates, April 18, 2019 /PRNewswire/ -- Alteryx Inc.
(NYSE: AYX), revolutionizing business through data science and
analytics, today announced it is expanding its footprint in the
Middle East and Africa (MEA) with the opening of its new
office in Dubai. Located in Dubai
Internet City, the Alteryx MEA office was officially opened by
Dean Stoecker, chairman and CEO of
Alteryx, who welcomed more than 250 executives at the launch event
held at the V hotel, Al Habtoor. Stoecker also spoke at the sixth
annual Smart Data Summit in Dubai
earlier this week.
As a part of its investment in the region and continued global
expansion, the new office will further support the success of
current and prospective customers as they evolve their data
analytic requirements as part of their digital transformation
initiatives. Alteryx recently reported 96 percent year-over-year
(YoY) growth in international markets for the full year 2018, which
accounted for 29 percent of overall revenue as of Dec. 31, 2018.
Speaking on the occasion, Abboud
Ghanem, regional vice president, Middle East and Africa at Alteryx commented, "We are seeing a
surge of interest in advanced data analytics within the
Middle East and Africa with government-backed programs, such
as Smart Dubai, a city-wide initiative to transform Dubai into the world's smartest and happiest
city. Successful digital transformation is dependent on enabling
collaboration between all data workers both within and across
organizations. With the opening of our Dubai office, we look forward to supporting
local customers and partners as they Alteryx their data into
actionable insights."
The company has a proven track record of working with MEA
brands, including the Abu Dhabi Islamic Bank, Al Futtaim Private
Company and Dubai Electricity, and Water Authority in the UAE
(DEWA). These organizations are already gaining knowledge from data
by enabling data producers to analyze for insights and make
data-driven decisions.
"Alteryx offers immense value as we continue to move away from
manual processes and harness the power of data analytics within the
Public Pension Agency," said Hussein Alasmari, PPA Governor's
Advisor for information technology at the Public Pension Agency,
the Saudi Arabian agency that disburses pensions to the country's
retired civil employees and military personnel or their
beneficiaries. "Our ongoing use of data analytics through the
self-service Alteryx Platform is helping to revolutionize decision
making and portfolio analysis. Separating the wheat from the chaff
in financial data with Alteryx takes moments, not weeks, as
traditionally has been the case with manual operations. Alteryx
helps us quickly and efficiently analyze vast amounts of fiscal
data associated with investment funds and unearth valuable
insights, which can help add value for our customers."
Although many struggle with turning that data into actionable
insights that drive business results, IDC reports spending on
business intelligence (BI) and analytics software in the
United Arab Emirates (UAE) is set
to reach $42.24 million this
year1. The firm also reports finance and government
sectors continue to be the biggest spenders with healthcare,
utilities and retail being amongst the fastest growing vertical
markets over the forecast period of 2018-2022. This reflects a
growing demand for analyzing large volumes of granular data that is
helping to reinvent industries across the MEA region as they take
advantage of the collected data in today's digital economy. This
trend is also in line with the UAE Vision 2021's strategic
objective of creating a smart, innovation-driven and
knowledge-based economy.
1IDC, The UAE Business Intelligence and Analytics
Software Market 2018-2022 Forecast and Trends, Manish Ranjan, November
2018
About Alteryx, Inc.
Revolutionizing business through
data science and analytics, Alteryx offers an end-to-end analytics
platform that empowers data analysts and scientists alike to break
data barriers, deliver insights, and experience the thrill of
getting to the answer faster. Organizations all over the world rely
on Alteryx daily to deliver actionable insights. For more
information visit www.alteryx.com.
Alteryx is a registered trademark of Alteryx, Inc. All other
product and brand names may be trademarks or registered trademarks
of their respective owners.
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SOURCE Alteryx, Inc.