AYX - Where Will Alteryx Be in 5 Years?
With organizations migrating to cloud computing and other digital operating systems, the need for data analytics has been booming. Helping lead the charge has been Alteryx (NYSE: AYX), a software outfit that helps data analysts and scientists gather and clean up digital information -- what Alteryx calls Analytic Process Automation -- and then make decisions based on it. Sales have been booming in the last few years, and shares are up nearly 800% since the company's public debut in early 2017.
In the early days of this pandemic, Alteryx has done well; its data automation platform has been in high demand as companies try to adapt to the times. It's still too soon to tell how much of the "new normal" will stick, but one thing's for sure: Data analytics is a staple in the digital age.
Image source: Getty Images.