Sigma Announces AI Toolkit for Business and Launches Sigma Actions to Support Custom Data Applications
May 02 2024 - 12:05PM
Business Wire
These product enhancements are the first of
several innovations Sigma is bringing to the data ecosystem
Sigma, the only cloud analytics solution with a spreadsheet-like
interface enabling anyone to explore data at cloud scale and speed,
today announced the first three features of its AI Toolkit for
Business as well as expanded functionalities to build a data
application without writing code. These features are among a host
of enhancements to classic business intelligence features that were
announced at today’s Spring product launch and the first of several
the company will announce as it continues to reinvent BI and data
analytics.
Introducing Sigma’s AI Toolkit for Business
Sigma is building the AI Toolkit for Business, which will bring
powerful AI and ML innovations from the data ecosystem into an
intuitive interface that anyone can use.
The first three features of the AI Toolkit are AI
Functions, AI Forecasting, and the Sigma
Copilot:
- AI Functions: This capability allows a user to add new
columns into tables that are populated from the most popular LLM
technologies — like OpenAI. With AI Functions, Sigma administrators
govern who can opt into working with AI, and one can even use Azure
Open AI endpoints for extra security.
- AI Forecasting in Sigma for Snowflake Customers: With AI
Forecasting connecting the power of Snowflake Cortex to Sigma,
Snowflake customers can click a button to forecast their data,
instead of having to write Python or a stored procedures call. With
these new features, powerful AI & ML functionality is more
accessible to less technical business stakeholders.
- Sigma Copilot: Sigma Copilot is an intelligent assistant
for both new and advanced Sigma users. Taking a different approach
from legacy BI tools, Sigma Copilot is built for end users, showing
its work in formulas so that everyone can understand the work the
AI did and validate that AI got it right.
“What’s game-changing about Sigma’s AI innovations in the data
space is that we’re not only providing users with thoughtful AI
functionalities they can use, but also AI functionalities they can
trust,” said Rob Woollen, Sigma CTO. “We’ve prioritized security,
governance and ease-of-use, creating ways for both business users
of technical and less-technical backgrounds to validate the work
behind AI results by inspecting the functions behind it.”
Adds Woollen: “As AI in the data ecosystem evolves, we’ll expand
our toolkit to bring in more AI functionality for our customers’
businesses, making Sigma the natural AI adoption vehicle for
enterprises.”
Next Step in the Custom Data Applications Evolution: Sigma
Actions to Provide New Ways to Build and Manage Workflows
Since launching Input Tables in 2023, Sigma customers have had
the capability to build custom data applications. With Input
tables, customers have been able to build all kinds of custom
applications – from resource allocation forecasts, to staff
planning charts to portfolio management systems for finance teams.
As the next step in providing easy ways for Sigma customers to
build data applications, Sigma is introducing Sigma Actions, a new
way to help teams build forms and complete workflows end-to-end.
With Sigma Actions supporting the creation of Forms and Multi-user
Workflows, Sigma users now have a richer, more interactive way to
build reliable data applications.
With forms and actions, a customer’s data app is constantly
up-to-date because it’s directly connected to the data in their
warehouse. Customers can use Sigma to build a custom tool for
anything their team needs - whether a proprietary application, or a
workflow crossing various app platforms requiring data to be
imported or exported. And all of these benefits can be extended to
a customer’s external partners who would find an interactive data
experience valuable.
“Sigma customers have endless ways to build and manage workflows
that can save them time while also opening new revenue streams,”
said Mike Palmer, Sigma CEO. “These new innovations build
tremendously on the value that legacy BI tools and spreadsheets
originally offered. With the entirely new capabilities we’ve
unlocked, Sigma has changed the way enterprises do business with
data.”
“I can’t wait to see what our customers can do with custom data
applications and the ability to harness powerful AI and ML
innovations for data analysis,” added Palmer. “We believe every
business stakeholder should be enabled to explore self-serve
insights straight from the cloud and that’s why we’re constantly
opening up new pathways for users to work with data.”
Many of the new features announced in Sigma’s Spring product
launch are available in Sigma today via a user’s Sigma workbook.
For more information on Sigma or securing beta access to some of
these features, visit https://www.sigmacomputing.com/.
ABOUT SIGMA
Sigma redefines business intelligence by enabling instant,
in-depth data analysis on billions of records through an intuitive
spreadsheet interface. Its write-back capability and comprehensive
support system accelerate organizational growth and innovation.
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