Alteryx Announces New Generative AI Capabilities to Supercharge Analytics Democratization

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May 24, 2023, 09:00 ET

Alteryx AiDIN infuses the power of Generative AI with analytics automation to enable analytics for all

IRVINE, Calif., May 24, 2023 /PRNewswire/ -- Alteryx, Inc. (NYSE: AYX), the Analytics Cloud Platform company, today announced Alteryx AiDIN, the industry's first engine that combines the power of artificial intelligence (AI), machine learning (ML), and generative AI with the Alteryx Analytics Cloud Platform to accelerate analytics efficiency and productivity. Alteryx now brings the most advanced models and methods to more users across the organization, enabling anyone to capture the competitive advantage of AI and ML.

"Alteryx is providing new ways to interact with, improve, and reimagine analytics by integrating generative AI into its Alteryx Analytics Cloud Platform portfolio," said David Menninger, senior vice president and research director, Ventana Research. "These are exactly the types of integrations that will help enterprises drive high quality insights from large language models."

Alteryx is combining the power of its trusted Alteryx analytics outputs with generative AI and large language models to supercharge the democratization of analytics and dissemination of insights across the organization, while still capturing the governance and observability Alteryx is known for. This announcement includes the first of many new anticipated innovations for Alteryx AiDIN, which powers:

Magic Documents, a new Alteryx Auto Insights feature, that uses an enterprise-grade generative AI integration to revolutionize data insights reporting and sharing with stakeholders. This feature delivers smart, in-context data visualization summaries, as well as seamless PowerPoint, email, and message generation capabilities for tailored audiences.
Workflow Summary for Alteryx Designer, enabling users to document their processes more effectively by automatically generating workflow summaries and metadata in natural language. This enables easier governance and auditability of all workflow data processes and data pipelines.
The OpenAI connector, which is being designed to allow users to roll Generative AI into their own Alteryx Designer workflows. The easy-to-use drag-and-drop tool is expected to generate compelling natural language outputs from users' data and analytics and give users the power to transform how they present and share data.

These new and anticipated features in Alteryx AiDIN will bring the most robust Generative AI and ML capabilities to every user. This initiative builds on current existing innovations from Alteryx like Computer Vision and Natural Language Processing that enable customers to access more data across the enterprise to power their model outputs and reporting.

Alongside innovation, trust in data security and governance of analytics processes is key to maximizing the benefits of democratization efforts. With AiDIN, Alteryx continues to deliver a solid framework for maximizing business value through implementation of effective purpose-built AI capabilities within carefully orchestrated, secure applications.

"With generative AI, users unlock an entirely new way of using insights to transform their business and solve their biggest challenges," said Suresh Vittal, chief product officer at Alteryx. "With these game-changing Alteryx AiDIN capabilities, customers can intuitively infuse data-driven insights into every decision across every function, while maintaining governance over their analytics processes."

Alteryx is showcasing exciting new innovations, compelling customer stories, and insightful research at its annual user conference, Inspire 2023. Register to catch virtual sessions live and on-demand at alteryx.com/inspire.

Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of the federal securities laws that involve risks and uncertainties, including, but not limited to, statements regarding Alteryx's product offerings. The expectations expressed or implied in these forward-looking statements may not turn out to be correct. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. A further description of the risks and uncertainties relating to Alteryx's business is contained in Alteryx's reports filed with the Securities and Exchange Commission, including Alteryx's Annual Report on Form 10-K for the year ended December 31, 2022, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Alteryx does not undertake to update, and expressly disclaims any duty to update, its forward-looking statements, whether as a result of circumstances or events that arise after the date they are made, new information, or otherwise.

Any unreleased services or features referenced in this or other press releases, presentations or public statements are only intended to outline Alteryx's general product direction. They are intended for information purposes only and may not be incorporated into any contract. This is not a commitment to deliver any material, code, or functionality (which may not be released on time or at all) and customers should not rely upon this press release or any such statements to make purchasing decisions. The development, release, and timing of any features or functionality described for Alteryx's products remains at the sole discretion of Alteryx.

About Alteryx
Alteryx (NYSE: AYX) powers analytics for all with the award-winning Alteryx Analytics Cloud Platform. With Alteryx, enterprises can make intelligent decisions across their organizations with automated, AI-driven insights. More than 8,300 customers globally rely on Alteryx to democratize analytics across use cases and deliver high-impact business outcomes. To learn more, 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.

SOURCE Alteryx, Inc.