A cloud data warehouse company came in first as the fastest growing application in a new report of the most popular business applications from Okta.
Enterprises are juggling multiple mandates these days, but an inside view into what they are actually doing can provide perspective into how you are measuring up to your peers and your competitors.
For instance, what are you doing with your data these days? More organizations are looking to the cloud, according to a new report that looks at the applications that businesses use most. It comes from identity and access management company Okta as part of its 6th annual Businesses @ Work report, pulled from its own data from more than 7,400 customers and the Okta Integration Network.
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The fastest growing tool on this year’s list is data warehousing provider Snowflake with 273% growth year over year. Snowflake was also named as a Leader in the Gartner Magic Quadrant for Data Management Solutions for Analytics in January 2019 for the first time. The company was also named a Leader in the Cloud Data Warehouse Forrester Wave report in October 2018. Maybe that’s because Snowflake fulfills one of the big requirements for data management companies in 2019 — a focus on public cloud providers.
Snowflake offers a fully managed data warehouse as a service on AWS and Microsoft Azure infrastructure and is expected to add Google Cloud in early 2020. The company has been growing fast. During its most recent financial year from February 1, 2018 to January 31, 2019, it tripled its revenue and also tripled its employee count to nearly 1,000.
“The rapid rise of Snowflake, along with the acquisitions of Looker and Tableau, highlights the growing popularity and importance of data applications in the enterprise,” said Ming Wu, VP of data and analytics at Okta. “AI and machine learning have helped drive this growth, but we’re also seeing trends in data cataloging, sharing, democratization and compliance.”
Wu said that the case of Snowflake in particular and the rise of the cloud data warehouse is driving a big shift around all things data.
“Traditionally, data infrastructure has been treated as exactly that — infrastructure. Tightly controlled, behind firewalls or VPNs, where getting to data has been constrained by a number of technical roadblocks,” he said. “With the rise of the cloud data warehouse, accessing data is now easier than ever.”
Snowflake wasn’t the only data company to rank high in Okta’s report. Among the other Fastest Growing companies, analytics and machine data company Splunk made its debut on the list at No. 4, and Looker, the data discovery tool platform acquired by Google Cloud last year, hit No. 6. Data and analytics in the cloud are certainly growing in importance, at least among Okta customers.
This year’s Okta report also revealed other trends among organizations. For instance, while cloud is important, multi-cloud seems to be one of those things that everyone is talking about, but few people are actually doing.
Amazon Web Services (AWS) ranked third on the list of applications with the most customers, and Google Cloud Platform saw 108% year-over-year growth (and third on the Fastest Growing list). Plus, a third of Okta customers are deploying either AWS, Microsoft Azure, or Google Cloud Platform.
However, only 5% of Okta’s customers are choosing to integrate more than one IaaS provider with Okta. Still, that represents a small increase from last year when just 4% of customers integrated more than one.
Okta also pulled out a few other notable data points from this year’s report.
- Developer tools are making appearances on the list including the Atlassian Product Suite that includes Confluence, Jira, and Bitbucket; GitHub; and flowchart design tool Lucidchart.
- Social media tools such as LinkedIn and Twitter, which were part of the report when it debuted 6 years ago, are no longer anywhere to be seen.
- But collaboration tools Slack and Zoom placed strongly 2 years ago. Zoom is the only app that has been in the top 10 of the Fastest Growing list for 4 years in a row, after premiering in the top spot on that list in 2016. Okta said that Zoom was also named a top app by number of customers, active unique users, and a fastest-growing app, all at once.
As for the list of the top apps by number of customers, it is much what you would probably expect. Here are the top 5:
- Microsoft Office 365
- Salesforce
- Amazon Web Services (AWS)
- G Suite
- Atlassian Product Line
Jessica Davis has spent a career covering the intersection of business and technology at titles including IDG’s Infoworld, Ziff Davis Enterprise’s eWeek and Channel Insider, and Penton Technology’s MSPmentor. She’s passionate about the practical use of business intelligence, … View Full Bio
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