written by
5000fish Team

Mode was Acquired: What are the Top Mode Alternatives (5 + 1 Bonus)

BI Problems and Solutions 6 min read
DashboardFox - Mode Analytics Alternative

It’s 2023, and it is raining company acquisitions in the Business Intelligence sector. At this rate, news of the acquisition of the biggest BI firm would not be astonishing. We have witnessed the shocking acquisition of top platforms like Grow and Logic Analytics. Now, we have the newest member on the ‘just acquired’ team; MODE.

Towards the end of June, ThoughtSpot, a modern analytics cloud company known for its powerful integration with AI, announced that it had acquired Mode Analytics. Mode Analytics is an business intelligence data platform that uses software like Python, SQL, and R combined. They help organizations make better decisions by using insights gained from analyzed data. ThoughtSpot announced that the acquisition cost $200 million.

According to them, a combination of both forces will serve both business users and the data team in a unified way. With both platforms as one, teams can focus on the real work of acquiring data-driven analytics and using them to make the right decisions instead of spending time tweaking reports and trying to manually analyze data.

Is this acquisition beneficial to Mode users? Well, we currently can’t say.

What is Mode?

Mode is an effective BI platform that users can leverage for complex ad-hoc analysis. This platform has a flexible data model which encourages self-service reporting. Using this model, it is easier for team members to make suitable business decisions. It has built-in custom data apps, interactive dashboards, and advanced analytics features.

Mode is based on the cloud and can be used by anyone that needs data analysis. This includes marketers, data scientists, analysts, and executives. This platform is equipped with the right tools to help businesses make decisions swiftly.

What is ThoughtSpot?

ThoughtSpot is an AI-powered analytics platform. They claim to deliver safe, reliable, self-service analytics, and they help users get insight quickly from their modern data stack. Their integration with AI helps to improve the productivity of analysts. Currently, it is somewhat early for us to decide if this acquisition is a great idea.

What Happens to Mode After the Acquisition?

While we are not exactly certain about this, there has been a disturbing trend in the world of M&A for business intelligence firms. Sometimes, when big companies acquire growing companies with an excellent operational model, big companies end up altering a lot of their good features. They can cut off support, increase their price model, and end up terminating the whole essence of the acquired firm. We certainly hope this would not be the case with Mode, but who knows?

If you are uncertain about the new state of Mode, then here are some alternative platforms that you might want to get acquainted with.

Top 5 Alternatives to Mode (Plus 1 Bonus)

1. Power BI Pro

Power BI Pro is a reputable platform developed by Microsoft. It embodies several relevant features for effective business insights. It is used for data visualization, data sharing, and connection of various data sources from across the world.

One of its major distinguishing factors is that it is easy to use. Once you get data into a Power BI, the rest of the process is simplified. Anyone with basic Excel knowledge can use Power BI Pro.

If you are looking for a proactive platform, this is a great choice. Power BI Pro gets updated frequently. They are big on listening to feedback from community members and implementing them.

Unlike Mode, this platform has no Free or Freemium version.

2. Metabase

Metabase is another important data visualization tool. It has a friendly interface and integrates tools to enable companies to explore data without assistance. It is accessible to everyone as it has both free and paid plans.

It incorporates some relevant self-service features like; visual query builders, interactive dashboards, and metadata-rich semantic models. It has an SQL interface that aids users in understanding complex data.

When compared to Mode, it has been noted to be more rigid. It is hard to track changes as codes. It is also harder to set up.

3. Looker Data Studio

Looker Data Studio uses customized reporting tools to transform data into decisions. This platform is super easy to use and will get you results in a short time. The integration between Looker and Data Studio brought about Looker Data Studio.

With this platform, users can connect to the semantic model directly from Data Studio. It enables users to bring in the data that they wish to analyze, connect it to other data sources and build required visualizations using Data Studio.

Unlike Mode, it has no free trial and no freemium package.

4. Qlik Sense

Qlik Sense supports an extensive range of use cases from the data stage to the insight stage. It has both cloud and on-premises options. Using effective analytic tools, it enables organizations to make data-driven decisions.

It uses AI-powered insight suggestions, natural language, and advanced analytics to help people inform business decisions. It has an interactive interface which makes it easy to use.

Mode only offers cloud-based deployment, but Qlik Sense offers both cloud-based and on-premise deployment.

5. Domo

Domo puts data to work for everyone. It combines user-friendly dashboards and apps and uses them to make data visible and actionable. It has the security of a firm data foundation that is connected with existing cloud systems.

It is a great platform for displaying a real-time view of your business metrics.

Despite being effective, it still lacks some advanced functionality like geospatial analysis. Also, there are complaints about rigid data structures.

The Bonus Alternative: DashboardFox

In the wake of Mode's recent acquisition, businesses are on the hunt for able alternatives. Among numerous options available, DashboardFox emerges as a hidden gem that could potentially surpass your expectations.

With its powerful self-hosted Business Intelligence (BI) features, DashboardFox offers an environment that is secure, powerful, and uniquely tailored to your business's specific needs.

One of the distinguishing characteristics of DashboardFox is its one-time payment policy. This feature distances it from various other platforms that demand recurring payments and offers financial predictability to its clients. Such clear and fair pricing policies help businesses plan their budgets efficiently, making it a top contender among Mode alternatives.

Beyond its impressive self-hosted BI and upfront pricing, DashboardFox is also equipped with robust data visualization capabilities. It allows businesses to transform their raw data into intuitive, insightful visuals.

Sophisticated features such as interactive dashboards, real-time reports, and dynamic data filtering allow for easy comprehension and quick decision-making. Its rich set of capabilities extends into the realm of Business Intelligence too, enabling businesses to delve deeper into their datasets for actionable insights.

From drilling down into complex data to scheduled reports and alert notifications, DashboardFox provides a comprehensive toolset to help your business remain agile, informed, and ahead of the competition.

But don't just take our word for it. Experience the exceptional offerings of DashboardFox yourself. We encourage you to explore DashboardFox through our free live demo sessions.

It's an opportunity for you to experience firsthand how our platform can transform your analytics operations. If you have any queries or need further guidance, feel free to schedule a meeting with our team. Discover the potent capabilities of DashboardFox and how it could be the missing piece in your Business Intelligence puzzle.

Mode Domo Qlik Sense ThoughtSpot Power BI Pro Metabase Looker Data Studio