Company
Date Published
Oct. 19, 2023
Author
Rachel Thornton
Word count
781
Language
English
Hacker News points
None

Summary

IDC's recent study on Fivetran customers reveals substantial benefits from investment in data tools, with an average ROI of 459% over three years. Participants achieved $3.6 million worth of benefits through increased staff productivity and business enablement. The payback period for Fivetran was only three months. Access to real-time data is crucial for staying competitive and innovative, and Fivetran's ability to unlock data for faster time to insight and improved decision-making has been demonstrated in various industries. Customers reported significant productivity gains across departments, with an average annual productivity benefit of $1.5 million. Additionally, companies using the Fivetran platform experienced operational cost savings and enhanced marketing capabilities. Overall, the IDC study showcases the impressive ROI, quick payback period, and long-term efficiency gains that Fivetran customers can expect.