B2B marketing has become a highly agile, experimental, and data-driven discipline. Marketers have gone from merely running campaigns and generating leads to connecting the impact of marketing to revenue — and, earlier in the process, reconfiguring campaigns on the fly if early results are not meeting expectations.
Many existing data infrastructures, however, represent an anti-pattern to this need for speed The typical marketing analytics workflow is slow, expensive, and relies on external third-party providers whose speed profiles often do not match the needs of the business.
Factors.AI is a SaaS startup that is changing the game in marketing analytics. It has developed an out-of-the-box marketing analytics solution so that B2B companies of any size or resource level can achieve the same improved analytics outcomes as the largest companies in the world. Factors.AI offers an Amazon Alexa-like interface where marketers can ask a question and receive a set of specific, focused recommendations based on their own data rather than having to inspect hundreds of dashboards.
Factors.AI is changing the game in marketing analytics by creating delighted customers
Factors.AI provides the entire analytics stack for marketers so teams can spend less time wrestling with how to obtain the data they need and focus instead on making sense of diverse customer data to drive better results.
Factors.AI initially used PostgreSQL, hosted on Google Cloud, to power its solution. However, it hit a wall trying to scale its application with PostgreSQL, as it’s a single-instance database. Performance also fell short, which impacted its ability to support its customers.
Factors.AI’s business goals for its application included:
Factors.AI needed to run analytical queries fast and manage a lot of incoming data and updates. To support a real-time, interactive marketing analytics solution, Factors.AI needed to find the right distributed data store that also supported SQL and JSON so it could minimize rewrites of the application.
The ideal solution would be run flawlessly in Google Cloud to ensure cloud continuity — Factors.AI wanted to change its data engine, not its cloud provider — while also offering multi-cloud capability to future-proof its solution. It also had to offer a seamless, fast, non-disruptive migration process to ensure operational and business continuity.
Factors.AI did not want a complex architecture with two different data stores, one for transactions and one for analytics. To address this and all of its other requirements, the team selected SingleStoreDB Cloud to sit at the heart of its automated marketing analytics solution.
“With SingleStore, we get just that: a single data store for both analytical and transactional loads, and that makes the architecture quite simplified,” said Praveen Das, Co-Founder and Chief Product Officer (CPO), Factors.AI.
“With SingleStore, we get a single data store for both analytical and transactional loads, and that makes the architecture quite simplified.”
Praveen Das, Co-Founder and Chief Product Officer (CPO), Factors.AI
With SingleStoreDB Cloud, Factors.AI gained a modern, distributed relational cloud data platform built for speed, scale, and agility, designed to deliver maximum performance for both transactional (OLTP) and analytical (OLAP) workloads in a single unified engine to power modern data-intensive applications. Factors.AI can now ingest millions of events per second with immediate availability, deliver millisecond query latencies, and handle concurrencies across tens of thousands of users to accommodate its largest customers. With 10-100X the performance at one third the cost of legacy databases, SingleStoreDB Cloud gives Factors.AI limitless scalability and fast analytics on dynamic data for complex analytical queries.
Factors.AI achieved the last goal in its cloud data strategy when it easily deployed SingleStore on Google Cloud.
Factors.AI and its customers need data to help them stay a step ahead of fast-moving markets, and SingleStore delivers.
“The performance improvement of a distributed data store like SingleStore is quite high compared to what we had earlier,” said Das. “We have a lot of incoming data, and all of it is now available in real time for analysis. We went from taking 2-5 minutes to run a query on 50 million records to 20 seconds. That's on average a 30X faster query response.”
Self-serve access by Factors.AI customers to underlying data has replaced the earlier tedious process of working with IT and Engineering teams to get dashboards set up. Analysis that used to take 3-4 days to collate now happens in a matter of hours, making the marketing team more agile and efficient, and continuously optimizing their marketing initiatives.
As a result, Factors.AI customers benefit from radically enhanced business agility, greater confidence in marketing execution, and dramatically improved productivity.
“Thanks to SingleStore, our clients can plan out a campaign, generate an analytics report, create a user segment, send it to their targeting system, and take it live in one hour. That’s about 32X faster than before, and it’s the sort of competitively-differentiating agility we bring to marketing, said Das.
SingleStore’s SQL Wire Compatibility meant that Factors.AI had to rewrite very little of its application to migrate from PostgreSQL to SingleStore. This, along with the onboarding and support experience, made it easy to get started on SingleStore.
“Thanks to SingleStore, our clients can plan out a campaign, generate an analytics report, create a user segment, send it to their targeting system, and take it live in one hour. That’s about 32X faster than before, and it’s the sort of competitively-differentiating agility we bring to marketing.”
Watch this video interview with Factors.AI by Technology Correspondent Lisa Martin, Host of theCUBE and SilconANGLE
To learn more about Factors.AI’s innovative implementation of SingleStore, watch this on demand webinar: Turbocharge Your Open-Source DB to Drive 100x Faster Performance
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