Big Blue has been buying a lot lately with Databand.ai, a big data startup, which is set to become its latest addition. Don’t blink. If you do, you might miss another huge IBM buyout.
In front: Big data is a big deal. Less than a decade ago, many companies manually entered data into spreadsheets to meet their insight needs. Today, even the most humble of startups can benefit from in-depth analytics.
Unfortunately, the landscape of companies providing targeted services to a spectrum of industries is somewhat barren.
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Simply put, you can’t just integrate a bunch of generics AI models in your IT stack and hope to magically pipeline solutions to your company’s problems.
It takes infrastructure and expertise to turn your wealth of data into action items.
Background: IBM has spent more than a century developing the infrastructure. But expertise is a moving target. To keep up with the modern influx of deep learning and data solutions in a period of technological turbulence, the company’s new CEO has opened the corporate wallet in hopes of building a data-parsing juggernaut.
According to a recent IBM blog post†
Databand.ai is IBM’s fifth acquisition in 2022, as the company continues to strengthen its hybrid cloud and AI skills and capabilities. IBM has acquired more than 25 companies since Arvind Krishna became CEO in April 2020.
This particular acquisition strengthens IBM’s ability to provide data observability solutions for its customers and customers.
In other words, Databand.ai comes with a suite of products and a team of employees who know how to turn massive amounts of data into actionable insights.
According to IBM:
A fast-growing market opportunity, data observability is rapidly emerging as a key solution to help data teams and engineers better understand the health of data in their system and automatically identify, troubleshoot and resolve issues such as anomalies, data breaking changes or pipeline failures, in near real time.
Quick take: There is much more to the world of big data than you might think. With this acquisition, IBM not only gets software solutions that it can integrate into its current plethora of management and analytics tools, but also gets a team ready to get to work for the company’s customers.
Databand.ai just completed a pre-acquisition financing round in which it raised more than $14 million — that’s a pretty good indication that the company has a solid foundation.
Here at Neural, we love it. Databand joins a company whose CEO has a firm grasp on big data and IBM is expanding its already industry-leading portfolio of AI-powered solutions.