Alteryx is an American software company specializing in data blending and advanced analytics, aimed primarily at business analysts through its self-service tools. It offers several advantages including user-friendly drag-and-drop functionality, robust data acquisition capabilities, and advanced analytics features, though it has limitations in data visualization and machine learning integration. Alteryx is seen as an all-in-one solution for ETL, visualization, and statistical analysis, making it attractive compared to competitors like SAS DI.