Press Releases

New Study Finds 52% of Data Scientists Have Earned That Title Within the Past 4 Years

New Study Finds 52% of Data Scientists Have Earned That Title Within the Past 4 Years

RJMetrics report, The State of Data Science, reveals a definitive picture of where data scientists work, the skills they have, and their academic backgrounds.

PHILADELPHIA PA, Oct. 8th, 2015 - A new study released today by RJMetrics, a cloud-based data infrastructure and analytics platform, provides rich insights on the state of data science by analyzing self-reported LinkedIn data. The biggest finding: 52% of all data scientists have earned that title within the past 4 years. But while the rise of data scientists is rapid, there remain surprisingly few of them out there: only 11,400 professionals self-identify as data scientists today.

The report delves deep into three core areas of data science:

Where data scientists work
The research shows that the top three industries employing data scientists are: Information Technology and Services, Internet, and Computer Software. And the top employers of data scientists are: Microsoft, Facebook, IBM, GlaskoSmithKline, and Booz Allen Hamilton.

The core skill set of a data scientist
The top five skills of a data scientist are data analysis, R, Python, data mining, and machine learning. The study also found that these skills look slightly different for data scientists working in more senior roles. Individuals working as Chief Data Scientists list their top skills as strategy, management, leadership, business intelligence, and analytics.

The academic backgrounds of data scientists
Over 79% of all data scientists listing their education have earned a graduate degree, and 38% have earned a PhD. The most common backgrounds that data scientists come from are Computer Science, Business Administration/Management, Statistics, Mathematics, and Physics.

In 2012, Thomas H. Davenport and DJ Patil declared data scientist to be “the sexiest job of the 21st century.” Lillian Pierson, data science author and educator, says The State of Data Science “reveals the future that Davenport and Patil envision”:

Universities, bootcamps, and training programs have sprung up to bridge the skills gap. Simultaneously, organizations are clarifying and shaping the data scientist’s role. They are recognizing that the distributed tasks formerly carried out by a variety of roles can be most effectively executed when condensed under one title.

All this data, and more, can be found in The State of Data Science.

About RJMetrics

RJMetrics is a cloud-based data infrastructure and analytics platform. It provides tools to consolidate and analyze the ever-growing volume of data available to every organization that does business online. RJMetrics customers include Walker & Co, Choxi, Threadless, and more. For more information on RJMetrics, read the blog, visit the website, and follow them on Twitter.

Media inquiries:
Janessa Lantz
RJMetrics
717-799-9837
press@rjmetrics.com

New Ecommerce Data: Ecommerce Customer Loyalty is Rare

May 29, 2015 (Philadelphia, Pa.) — RJMetrics 2015 Ecommerce Buyer Behavior Benchmark shows lack of customer attachment; 68% of customers never purchase a second time.

New data released today by RJMetrics, a complete analytics platform for ecommerce, SaaS, and mobile businesses, digs into the behavior of the ecommerce customer. The biggest finding: while many retailers tout the benefits of customer retention, most customers never purchase a second time. Only 32% of customers purchase again within a year of their first purchase.

These results paint a picture of a very cutthroat industry, where retailers are constantly in the process of getting in front of new customers, and then dealing with them on a very transactional basis. This is contrary to the prevailing narrative within the industry, which tends to emphasize customer relationships and building strong brand advocates. In reality, most ecommerce companies struggle to get their customers back in the door.

But the report surfaced another finding: in spite of these challenges, the most successful ecommerce companies are building longer-term customer relationships. Top quartile companies (ranked by growth rate) have customer lifetime values that are 79% higher than their less successful peers.

The report offers two suggestions on how companies can replicate the success of top performers:

"While retailers love talking about building brands that customers love, there are very few companies doing that successfully," said RJMetrics CEO, Robert J. Moore. "If you're one of the few retailers who has figured out how to keep your customers coming back you're on the path to something very big."

All this data, and more, can be found in the 2015 Ecommerce Buyer Behavior Benchmark.

About RJMetrics

RJMetrics is the analytics platform of choice for many of the fastest-growing online businesses in the world, including NoMoreRack, Hootsuite, Walker & Company Brands, and more. It provides business users with an easy-to-use, cloud-based solution to drive growth through smarter decision-making. For more information on RJMetrics, visit their website.

Media inquiries:

Janessa Lantz

press@rjmetrics.com

Study Challenges Assumption that the Holiday Season is a Make-or-Break Time for Online Retailers

Study challenges assumption that the holiday season is a make-or-break time for online retailers

New RJMetrics 2015 Ecommerce Holiday Trends Report reveals the decreasing impact of the holiday season on annual sales.

April 8, 2015 (Philadelphia, Pa.) — A new study released today by analytics software company RJMetrics shows that the impact of holiday sales on the online retail industry has decreased in recent years. Over the past five years, the two industry segments that are most sensitive to the holiday season—apparel & accessories and computers & electronics—saw a 38% drop in the amount of their annual revenue generated during the holiday season.

While the holiday season has traditionally been a make-or-break period for online retailers, the new 2015 Ecommerce Holiday Trends Report shows that season may be losing some of its significance.

RJMetrics VP of Marketing, Tristan Handy, says this may actually be good news: “A new crop of online retail brands are proving they can create highly loyal customers. This customer loyalty, paired with the always-on mobile shopping channel, allows brands like Harry’s, Plated, and Threadless to execute 365 days a year, thereby decreasing their reliance on the holiday season.”

Other key findings from the report include:

The 2015 Ecommerce Holiday Trends Report is part of the RJMetrics Benchmark Report Series, which conducts primary research on the performance of the world’s most innovative online businesses.

The RJMetrics 2015 Ecommerce Holiday Trends report can be accessed here.

About RJMetrics

RJMetrics is the analytics platform of choice for many of the fastest-growing online businesses in the world, including Choxi, Hootsuite, Walker & Company Brands, and more. It provides business users with an easy-to-use, cloud-based solution to drive growth through smarter decision-making. For more information on RJMetrics, visit their website.

Media inquiries:

Mike Llewellyn
RJMetrics
877-684-1394
press@rjmetrics.com

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RJMetrics Publishes 2015 Ecommerce Growth Benchmark Report

RJMetrics Publishes 2015 Ecommerce Growth Benchmark Report

Annual study reveals a winner-take-all industry, with revenue growth among the top quartile of online retailers far outpacing the rest.

February 4, 2015 (Philadelphia, Pa.) — RJMetrics, a complete analytics platform for online businesses, today announced the release of its 2015 Ecommerce Growth Benchmark Report. The detailed study examines the performance and success drivers of hundreds of the world’s most innovative online retailers.

One of the most significant insights from the study was that the industry’s strong growth numbers are driven largely by the top quartile of online retailers. Companies like jewelry retailer Alex and Ani and flash sale sites NoMoreRack and TheRealReal are representative of top quartile performers, who often grow at more than 200 percent year-over-year.

Other key findings from the report include:

The 2015 Ecommerce Growth Benchmark Report is part of the RJMetrics Benchmark Report Series, which conducts primary research on the performance of the world’s most innovative online businesses.

“We’re fascinated by this data,” said Tristan Handy, VP Marketing at RJMetrics. ”It shows how quickly today’s ecommerce start-ups become tomorrow’s industry leaders.”

The RJMetrics 2015 Ecommerce Growth Benchmark Report is available for download at https://rjmetrics.com/whitepapers/2015-ecommerce-growth-benchmark-report.

About RJMetrics

RJMetrics is the analytics platform of choice for many of the fastest-growing online businesses in the world, including NoMoreRack, Hootsuite, Walker & Company Brands, and more. It provides business users with an easy-to-use, cloud-based solution to drive growth through smarter decision-making. For more information on RJMetrics, visit their website.

Media inquiries:

Mike Llewellyn
RJMetrics
877-684-1394
press@rjmetrics.com

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RJMetrics Announces $16.5M Series B Growth Financing

August Capital leads new investment in RJMetrics, a complete analytics platform for online businesses; Eric Carlborg joins Board of Directors.

RJMetrics, a complete analytics platform for online businesses, today announced it has raised a $16.5 million Series B investment from August Capital and existing investors Trinity Ventures and SoftTech VC. RJMetrics has now raised a total of $22 Million.

RJMetrics, which recently released a next-generation version of its cloud-based analytics platform, will use the funding to accelerate product development and continue its rapid customer growth. The company today serves over 300 clients, and is hiring aggressively at its Philadelphia headquarters.

RJMetrics solves the core analytical challenge of today’s high-growth online business: data is scattered across dozens of platforms, making it difficult to manage and analyze effectively. This data typically lives in silos like backend databases, marketing platforms, CRM systems, and shopping carts. RJMetrics consolidates and distills this data into a cloud-based data warehouse and provides an intuitive user interface for exploring and acting on the results.

Prior to RJMetrics, only the most advanced companies with large teams of data engineers and analysts had access to the insights they needed to fuel their growth. With RJMetrics, decision makers at online businesses of any size are empowered to turn data into a competitive advantage. Companies using RJMetrics get a complete analytics stack—from data replication, cleansing, and warehousing to caching, analysis and visualization. Because the platform handles every piece of the data pipeline, it is able to deliver value 10-100x faster and at a fraction of the cost of traditional enterprise solutions.

“Every year, our customers are becoming more and more sophisticated in their use of data, and we believe that this is just the beginning,” said Robert J. Moore, CEO and Co-Founder of RJMetrics. “This market is huge, it’s growing fast, and the use of RJMetrics is becoming a key to achieving competitive growth. We are here to build a category-defining product.”

“We partnered with RJMetrics to analyze data on key metrics like churn rates and LTV/CAC ratio. RJMetrics will continue to play an integral role in our identifying new growth opportunities and continuing to be proactive about ensuring customer satisfaction," said Tristan Walker, CEO and Founder of Walker & Company.

RJMetrics’ 300+ customers are primarily ecommerce, software-as-a-service, and mobile businesses. The company estimates that there are at least 110,000 such companies with more than $1mm in annual revenue doing business today.

“The proliferation of cloud-based software has created a complex landscape of new and valuable data for online businesses,” said Eric Carlborg, Partner at August Capital who will be joining the RJMetrics board. “RJMetrics empowers these businesses to consolidate and analyze this data in shorter cycles with less technical overhead. We’re thrilled to partner with the RJMetrics team and fund the next stage of their growth.”

About RJMetrics

RJMetrics is the analytics platform of choice for many of the fastest-growing online businesses in the world, including Choxi, Hootsuite, Walker & Company Brands, and more. It provides business users with an easy-to-use, cloud-based solution to drive growth through smarter decision-making. For more information on RJMetrics, visit their website.

About August Capital

August Capital was founded in 1995 to invest in companies differentiated by technical innovation and entrepreneurial excellence. Today, August Capital's eight investment professionals have more than a century of combined venture and operational experience. Together they manage $1.3 billion and have invested in more than 75 companies across the technology spectrum. From its inception, August Capital has funded an extraordinary group of entrepreneurs who have built significant, long-term value across the full range of information technologies. The companies that August Capital's partners have backed represent an aggregate market capitalization of well over $250 billion, generate in excess of $75 billion in annual revenue and employ a quarter of a million people around the world. This success is a testament to the entrepreneurs themselves, as well as the fundamental technologies they have created. We are proud to have supported these entrepreneurs and their companies as they have grown and prospered. For more information, visit their site.

About Trinity Ventures

Trinity Ventures is a boutique, early stage venture capital firm dedicated to partnering with passionate entrepreneurs to transform revolutionary ideas into reality. With over $1 billion under management, Trinity focuses on early stage and seed technology investments with particular emphasis on Digital Media, Social and Mobile Commerce, Cloud/Mobile Infrastructure and Software-as-a-Service. Trinity Ventures has invested in more than 100 ventures, including such leading companies as 21Vianet, Affinity Labs, Aruba Networks, BeachMint, Bix, Blue Nile, Crescendo Communications, Extreme Networks, Forte Software, Infoblox, IntruVert Networks, KIXEYE, LoopNet, Modulus Video, Network Alchemy, Photobucket, SciQuest, Speedera Networks, Starbucks, Sygate Technologies, Trion Worlds, Wall Data, and Zulily.

RJMetrics Releases First Complete Analytics Platform

RJMetrics, a leading provider of analytics software for online businesses, today introduced a new version of its platform. With the release, online businesses can connect data from all of their transactional systems, maintain massive data warehouses, and perform sophisticated analyses, all without support from IT.

Traditionally, businesses have been forced to build or buy separate solutions for ETL, Master Data Management, Warehousing, and BI and then integrate them together into a single working solution. The time, cost, and complexity of this effort have led to frequent project failures and prevented any but the largest companies from deploying effective analytics.

RJMetrics provides an end-to-end analytics platform for online businesses to explore and collaborate on their data. Companies using RJMetrics get a complete analytics stack—from data replication, cleansing, and warehousing to caching, analysis and visualization. Avoiding the traditional integration obstacles allows RJMetrics to deliver its service 10-100x faster and at a fraction of the cost of traditional enterprise solutions.

RJMetrics’ newest release includes significant improvements to every major part of the platform. A new visualization interface allows users to seamlessly explore all their data in a single interface, a new data warehouse provides petabyte-scale data storage and analysis, and a new transformation cluster provides horizontally-scalable data calculation and processing.

Analytic Warehouse
RJMetrics is now built on Amazon Redshift, allowing it to scale to virtually unlimited data sizes while providing performant analysis. RJMetrics manages all of the details—data replication, cleansing, pre-calculation, and cluster configuration—allowing businesses to focus on analysis and insights.

Transformation Cluster
RJMetrics provides a complete set of tools to cleanse, denormalize, and aggregate data before analysis begins. The new Transformation Cluster is built on top of Hadoop, the world's leading distributed data processing engine, allowing it to scale as data volume grows. Beta users have seen a 13x decrease in derivative calculation time.

Visualization Interface
RJMetrics’ new platform includes a completely rebuilt interface for data exploration and analysis, allowing users to analyze billions of records in just a few clicks. Users can perform cohort analysis, calculate repeat event probability, and combine data from multiple sources in a single intuitive visual interface.

Over the past several months, the new platform has been rolled out to key RJMetrics clients and exhaustively tested in a production environment. Starting today, it is available to all new customers. All other RJMetrics customers will be seamlessly migrated in the coming weeks.

Sign up for a completely free implementation and proof of concept at rjmetrics.com.

About RJMetrics

RJMetrics is the analytics platform of choice for many of the fastest-growing online businesses in the world, including Poshmark, Hootsuite, Threadless and more. It provides business users with an easy-to-use, cloud-based solution to drive growth through smarter decision-making. For more information on RJMetrics, read the blog, visit the website, and follow them on Twitter.

RJMetrics Announces Record Revenue Growth in Q1 2014

RJMetrics, a leading SaaS business intelligence provider, today announced strong growth in Q1 2014, including a 114% increase in new revenue compared to the previous period. The company achieved unprecedented growth in its customer base, now counting more than 250 of the world’s fastest-growing online businesses as customers.

This quarter also saw continued innovation on the RJMetrics platform. The company unveiled a powerful Data Import API that allows clients to pass unlimited amounts of data to its hosted warehouse. The API is already facilitating a vibrant ecosystem of data connectors. Support for services like Google AdWords, Shopify and Magento have already been released, and many others are in development by both RJMetrics and third-party developers.

The company expects further rapid innovation heading into Q2 as it continues to invest heavily into development of its platform.

The company continued to expand its team in Q1, increasing headcount by 30% to more than 50 team members. In February, RJMetrics relocated its headquarters to Philadelphia’s historic Widener Building, tripling its office size in anticipation of further growth. Philadelphia Mayor Michael Nutter joined the team for the ceremonial ribbon cutting.

"The growth we've experienced so far this year is outstanding, and we are just getting started," said Robert J. Moore, Co-Founder and CEO of RJMetrics. “We are executing on our core mission of inspiring and empowering data-driven people by working with an ever-growing number of successful online businesses and meeting the explosive market demand for cloud-based business intelligence. This puts us in an excellent position to continue our momentum through 2014 and beyond.”

ABOUT RJMETRICS

RJMetrics is the cloud business intelligence platform of choice for many of the fastest-growing online businesses in the world, including Poshmark, Hootsuite, Threadless and more. It provides business users with an easy-to-use, hosted solution to drive growth through smarter decision-making. For more information on RJMetrics, read the blog, visit the website, and follow them on Twitter.

Presenting at Invitation Only Tech Summit

RJMetrics, a leading SaaS business intelligence provider, announced that Co-Founder and CEO Robert J. Moore will present today at the annual Pacific Crest Securities Emerging Technology Summit. Held in San Francisco, California from March 4-5, 2014, this invitation-only summit is the premiere event for investors and companies at the leading edge of technology.

Moore’s presentation will take place Tuesday, March 4, 2014 at 11:00 a.m. He will speak on the increasing need for business intelligence tools among online businesses of all sizes as well as the emerging market dynamics and competitive landscape of cloud-based analytics tools. Moore will also be participating in the summit’s “Omnichannel Commerce Enablement” panel, taking place at 10:00 a.m. on Tuesday, March 4, 2014. A recap of the presentation will be available on the company’s blog shortly following the event.

ABOUT THE PACIFIC CREST EMERGING TECHNOLOGY LEADERSHIP SUMMIT

The 9th Annual Pacific Crest Emerging Technology Leadership Summit is an annual gathering of technology’s foremost investors and the leaders and founders of the industry’s most disruptive public and private companies. The Emerging Technology Summit will focus on topics like Digital Media & Commerce; SaaS & Big Data; Cloud, Security and Infrastructure; and, Industrial Technology and Energy. Each topic investigates the catalysts, companies and people driving the next wave of disruptive technologies and business models that will deliver outsized value for their customers, employees and shareholders. Pacific Crest’s Mosaic and Pacific Epoch research teams will also be offering a series of private thematic sessions for institutional investors during the Emerging Technology Summit. The invitation-only event takes place March 4 & 5, 2014, in San Francisco at the Westin San Francisco Market Street.

ABOUT RJMETRICS

RJMetrics is a hosted business intelligence platform for online businesses. It provides business users with an easy-to-use, cloud-based solution to drive growth through smarter decision-making. RJMetrics is the business intelligence platform of choice at many of the fastest-growing online businesses in the world, including Hootsuite, Threadless and more. For more information on RJMetrics, read the blog, visit the website, and follow them on Twitter.

Achieved 150% Annualized Growth

RJMetrics, a leading SaaS business intelligence provider, today announced 150% annualized growth in its global customer base in the six months since closing $6.25 million in series A funding from Trinity Ventures. The growth was driven by core product enhancements, development of its Sales and Marketing functions, and the underlying market growth for business intelligence and ecommerce.

RJMetrics doubled headcount across the business during the same period, with substantial hiring focused in Sales, Marketing and Account Management. The company rounded out its senior management team, adding Seth Faigin as VP of Sales and Account Management and Anita Garimella Andrews as VP of Client Analytics Services.

“We’ve had tremendous growth over the second half of the year, solidifying our position as a leading provider of business intelligence for online businesses, especially in the ecommerce sector. It’s a huge, fast-growing market, and we are poised for continued success,” said Robert Moore, Co-Founder and CEO of RJMetrics. “Tracking shopping patterns and predicting user behavior are increasingly impactful for online businesses. We look forward to helping more of them become truly data-driven.”

RJMetrics provides sophisticated data warehousing and visualization capabilities for online businesses in industries such as ecommerce and SaaS.

“RJMetrics gives each department the insights it needs, helping us to measure and improve customer acquisition and more,” said Nick Veith, Senior Manager of Digital Marketing at Craftsy, an education portal for crafters. “Our dashboards have helped us consistently exceed our marketing goals.”

The company expects continued product innovation to drive accelerated growth during 2014. Upcoming releases include major enhancements to its data warehouse platform that will allow users to more efficiently manipulate and visualize their data. The company also plans to support an ever-growing number of online businesses by expanding its ecosystem of third-party data connectors.

RJMetrics also strengthened its board of directors, appointing Chuck Dietrich, former CEO of SlideRocket and GM at Salesforce.com, as an independent Director. “RJMetrics has all the markings for greatness: an exceptional team, a product that was thoughtfully conceived and iterated from years of customer input, and a proven ability to make a positive impact on its customers’ businesses.” said Dietrich. “I am excited to be working with such a great company and team.”

Dietrich joins existing Director Karan Mehandru of Trinity Ventures.

ABOUT RJMETRICS

RJMetrics is a hosted business intelligence platform for online businesses. It provides business users with an easy-to-use, cloud-based solution to drive growth through smarter decision-making. RJMetrics is the business intelligence platform of choice at many of the fastest-growing online businesses in the world, including Hootsuite, Threadless and more.

Closed $6.25M Series A Financing

RJMetrics, a rapidly-growing hosted business intelligence provider, today announced it has closed $6.25 million in Series A funding led by Trinity Ventures with the participation of current investor SoftTech VC. Karan Mehandru, Principal at Trinity Ventures, has joined the board.

RJMetrics, which today serves over 130 clients across five continents, will use the funding to increase its marketing efforts as well as aggressively grow its sales and customer success teams. The company will also use the funding to enhance its product offering. It is hiring aggressively to pursue these goals.

RJMetrics provides sophisticated analytical capabilities for online businesses in industries such as retail and SaaS. Forrester estimates the U.S. eCommerce industry at $262 billion in 2013, growing by 13% per year, and the global SaaS industry at $59 billion in 2013, growing at 25% per year.

“The demand we’re seeing for integrating and analyzing all types of data is growing faster than ever,” said Robert J. Moore, CEO. “Our platform allows customers to quickly and easily integrate their data from whatever platforms they choose and run advanced analytics like Customer Lifetime Value and Cohort Analysis.”

Gartner estimates that Business Intelligence is a $13.8 Billion market today, and will grow to $17 Billion by 2016.

“Businesses of all sizes are increasingly making use of software delivered via the cloud to run core business functions. With all of this data housed in third-party platforms, data integration, warehousing, and reporting become more important than ever,” said Karan Mehandru, Principal, Trinity Ventures. “Business intelligence delivered via the cloud enables businesses to make smarter decisions on shorter cycles with less technical overhead. We’re thrilled to partner with RJMetrics by funding the next phase of their growth.”

“RJMetrics has been a critical ingredient to our growth over the past two years,” says Jason Goldberg, CEO of Fab.com and RJMetrics seed investor. “The platform has enabled our team to run sophisticated analyses for customer acquisition and retention that have become the cornerstones of our unit economics.”

ABOUT RJMETRICS

RJMetrics is a hosted business intelligence platform for online businesses. It provides analysis of customer purchases, user activities, product merchandizing and more. The RJMetrics Dashboard provides business users with a simple, web-based interface to drive growth through smarter decision-making. Through its Data Warehouse API, RJMetrics offers a complete Data Warehouse as a Service (DWaaS) solution, giving companies plug-and-play access to enterprise-class data warehouse functionality. For more information on RJMetrics, read the blog, visit the website, and follow them on Twitter.

ABOUT TRINITY

Founded in 1986, Trinity Ventures is a boutique, early stage venture capital firm dedicated to partnering with passionate entrepreneurs to transform revolutionary ideas into reality. With over $1 billion under management, Trinity Ventures believes in personal engagement, mutual respect and goal alignment with entrepreneurs. Trinity focuses on early stage and seed technology investments with particular emphasis on social commerce and entertainment, digital media, Saas, and Cloud. Trinity Ventures has invested in more than 100 ventures, including such leading companies as 21Vianet, Affinity Labs, Aruba Networks, BeachMint, Bix, Blue Nile, Crescendo Communications, Extreme Networks, Forte Software, Infoblox, IntruVert Networks, KIXEYE, LoopNet, Modulus Video, Network Alchemy, Photobucket, SciQuest, Speedera Networks, Starbucks, Sygate Technologies, Trion Worlds, Wall Data, and Zulily.