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Investing.com -- Domo Inc (NASDAQ:DOMO) stock rose 8% after the company announced a strategic collaboration agreement with Amazon Web Services (AWS) to accelerate the adoption of generative AI solutions for mutual customers.
The AI and data products platform provider will leverage AWS’s cloud infrastructure to enhance its Domo AI suite and Agent Catalyst platform. This partnership aims to help organizations build intelligent, autonomous AI agents capable of independently analyzing and executing entire business processes while maintaining security and governance standards.
Domo’s Agent Catalyst platform is designed to create autonomous agents that manage complex business workflows with personalized, context-aware recommendations and adaptive learning capabilities. The collaboration with AWS will enable these agents to deliver real-time insights and take autonomous actions based on data.
"Domo’s Agent Catalyst is at the forefront of transforming how enterprises harness GenAI to drive business results," said Josh James, founder and CEO of Domo. "Through our expanded strategic collaboration with AWS, we are empowering organizations to build intelligent, autonomous agents that can independently manage complex business processes with built-in security, governance, and human oversight."
The partnership comes as ISG Research predicts that through 2027, more than half of enterprises will find their AI competencies insufficient and require new investments to remain competitive. Domo and AWS aim to address these challenges by developing AI solutions that can provide specialized, domain-specific insights while continuously adapting to user behavior.
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