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IBM acquires data observation company Databand.ai. about

In light of the proliferation and growing importance of data, IBM said on Wednesday that it is acquiring data observability service firm Databand.ai for an undisclosed amount, as part of its strategy to strengthen its hybrid cloud and AI services.

The acquisition, Big Blue said, will help capture some of the growing data observation market, estimated by IDC to be approximately $5 billion in 2020, expanding significantly year over year.

What is data observability?

Not to be confused with full stack perceptibility and application performance management (APM), data observability is a subset of full stack observability concerned with understanding why a dataset or data pipeline is not working as desired. A data observation platform provides the necessary tools for: data engineers to quickly find out whether data products such as: analysis dashboard of machine learning models work properly and trace the cause of the problem in the event of a failure.

Observability in general is a relatively new term in IT, used to describe the task of monitoring business applications, data flows, and distributed infrastructure.

Systems that provide observability go beyond previous Application Performance Monitoring (APM) programs to provide a high-level view of the IT infrastructure and detailed statistics to enable efficient application, network, data and security management.

Companies such as Datadog, New Relic, Dynatrace, Honeycomb, Sumo Logic, Cisco AppDynamics, AWS, Oracle, and Microsoft offer full-stack observability tools and services.

This is not IBM’s first observability-related acquisition. The company acquired Instana in November 2020 to target the application performance monitoring market from a hybrid cloud standpoint.

Datamind.ai, on the other hand, focuses solely on the observability of data. As a startup, it was backed by Accel Partners, Blumberg Capital, Ubiquity Ventures, Differential Ventures, F2, and Bessemer Venture Partners,

IBM plans to use Databand.ai in conjunction with IBM Observability from Instana APM and IBM Watson Studio to offer a full spectrum of IT operations observation tools.

Headquartered in Tel Aviv, Israel, Databand.ai was founded in 2018 by Evgeny Shulman, Josh Benamram and Victor Shafran.

Copyright © 2022 IDG Communications, Inc.

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