feishu releases the most powerful business tools including a new generation of multi-dimensional tables, low-code platform and other products
2024-09-04
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on september 4, feishu released a series of business tool products such as new multi-dimensional tables and low-code platforms, and launched a cross-border compliance solution for overseas companies. these products will continue to provide substantial cost reduction and efficiency improvement assistance to chinese companies, and help them solve practical business problems at a lower digital cost.
"how to improve efficiency more effectively and reduce costs more tangibly is a topic of particular concern to entrepreneurs. we realize that if we pursued efficiency in the past for development, now we pursue efficiency for survival. these voices from real entrepreneurs have also made us think more about our own business direction." xie xin said, "multidimensional tables, low-code platforms, and feishu projects all directly serve the front-line business of enterprises. these products will form the industry's most powerful business tools to help enterprises reduce costs and increase efficiency with better quality."
feishu ceo xie xin
since its establishment, feishu has had a large number of outstanding chinese companies as its customers. in the past year, well-known national brands such as bawang cha ji, pang donglai, honor, bull, and yadi have all begun to use feishu for all employees. they also represent the common choice of the majority of outstanding chinese companies.
at the same time, feishu's arr (annual recurring revenue) in 2023 has reached us$200 million, making it the first among similar products.
a new generation of multi-dimensional tables, allowing frontline employees to build systems without asking for help
since feishu released multidimensional tables in 2020, this product has gradually been used and known by the public and has become a new category.
according to feishu, the monthly active users of feishu multidimensional tables have reached 6 million. in the past year alone, feishu users have created nearly 40 million multidimensional tables, and more than 10 billion records are circulated on these multidimensional tables. in well-known companies such as pop mart, yuanqi forest, and weilai automobile, feishu multidimensional tables have solved important business needs at a very low cost. what is valuable is that these business systems are built by front-line employees who do not understand technology.
today, feishu officially launched feishu multidimensional table database, which makes feishu multidimensional table single table capacity exceed 1 million rows, and dashboard can also count 10 million rows of data, both of which are the highest among similar products in the world. with the new powerful performance, even if you calculate complex data such as 100,000 rows and 100 columns of formulas in feishu multidimensional table, you can still get business results within 5 seconds.
feishu multidimensional table has also released a new generation of dashboards. through the computing power of feishu multidimensional table database, the dashboards generated by multidimensional table row and column data will no longer simply calculate, summarize, and present data. a large number of calculations, chart component grouping, statistical analysis and other functions have been added, and the interface can also be benchmarked against the world's top bi systems.
multidimensional tables
as feishu multidimensional tables become more and more in-depth, the number of multidimensional tables used by thousands of people has also increased significantly. feishu multidimensional tables have further upgraded advanced permissions. the data, cells, dashboards, etc. seen by each different table user will be displayed differently due to different permissions, and can be dynamically synchronized according to different conditions. this is also the most sophisticated permission management system currently.
in addition, feishu multi-dimensional table has also released multiple ai functions. the ai intelligent analysis dashboard can obtain the problems and changes behind the dashboard data with one click, and can also automatically call formulas and generate automated group push with one click.
at present, companies such as zhipu, dark side of the moon, and zero one everything have launched their own ai field shortcuts. these ai tools also provide companies with more intelligent business solutions in different scenarios.
"when feishu released multidimensional tables four years ago, the category of multidimensional tables appeared in china for the first time. today, we have redefined the value and role of multidimensional tables through a new generation of functions such as multidimensional table databases, new dashboards, advanced permissions, and ai. it is a platform that truly helps business personnel build business systems by themselves, so that front-line employees no longer need to ask others for help when building systems." said shi kaiwen, head of feishu's multidimensional tables.
feishu low-code platform is officially released to make business development more agile and powerful
low-code has been a popular development method for many years and its application is becoming more and more widespread. however, in china, low-code still has a long way to go. enterprises want the efficiency of low-code but do not want too low capabilities. however, the current domestic products are obviously difficult to meet customer needs.
after years of development and co-creation, feishu's low-code platform has been well applied in many companies. for example, at bytedance, engineers have built a large number of business systems through the feishu low-code platform. every week, we have thousands of active systems, 60 million new records and 20 million processes every day, which can help bytedance save hundreds of millions of yuan in r&d costs every year. at united imaging healthcare, based on the feishu low-code platform, a complex crm system that is highly integrated with salesforce has been built to meet the collaboration needs of a team of thousands of people, saving 1.5 million yuan in operating costs for just one system.
feishu's low-code platform has designed a new solution to the problem. it provides low-code development through full-code capability construction and adopts a multi-layer architecture design, taking into account both powerful capabilities and easy-to-use system.
feishu low code platform
for it teams, feishu's low-code platform provides full-stack development capabilities, full-cycle management capabilities, and comprehensive open capabilities, arming every developer in the team and enabling the cio's digital blueprint to be implemented quickly and well.
the most comprehensive compliance solution for going overseas helps companies gain more confidence
in addition to reducing waste and costs, finding business growth is also an important proposition for enterprises at present. going overseas is one of the options for finding growth.
we recommend that every overseas company should use the same platform so that employees in different regions can collaborate as efficiently as if they were in the same work area.
the bigger problem comes from compliance, which is inevitable as long as you go overseas. taking the european gdpr as an example, there were a total of 465 fines in 2023 alone, with a total fine of 2 billion euros. feishu has invested more than 1 billion yuan in compliance construction over the years and is the most comprehensive collaborative office platform for compliance construction in china.
it supports multiple data center nodes around the world, employee data is distributed and stored in different nodes, and has obtained a number of international authoritative certifications. in addition to the iso series and soc series certifications that are relatively well-known in the industry, feishu is also the only product in the field of collaborative office in china that has obtained the apac country cbpr series certification.
overseas certification
after the release of these products, feishu has been able to widely support the business operations of enterprises in addition to collaborative office, and through these advanced digital products, it has helped enterprises to truly reduce costs and increase efficiency, and find incremental growth.
cover news reporter xia lijuan
