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Databricks Today, we announced the acquisition of a start-up company to enhance our big data analytics platform. Databricks plans to acquire 8080 Labs, a German technology company based in Frankfurt behind the low-code and uncoded code data analysis tool Bamboolib, and extend its reach to the field of data practitioners. doing.
8080 Labs developed Bamboolib a few months ago. This is a UI-based suite that allows users to generate production code in the background while transforming data with uncoded controls. It aims to complement the 8080 Labs PP Score, a data type-independent score that can detect the relationship between two data columns, and PyForest, an open source package that automatically handles software package imports. is.
Databricks plans to integrate Bamboolib’s no-code capabilities with the new “AutoML” dashboard product, allowing non-developers to train AI models on custom datasets. According to the company, the new “UI-driven features” will be built directly into the platform, doubling Databricks for low-code and no-code tools.
With the addition of Bamboolib and Redash, which Databricks acquired last year, CEO Ali Ghodsi said the Databricks platform will allow engineers to perform better data tasks without requiring them to reimplement in production. I am.
“We are excited to welcome the 8080 Lab to the team to accelerate the adoption and access of Lakehouse as a future data architecture,” Ghodsi said in a press release. “”[W]e is expanding its user base to a wide range of users who prefer low-code and no-code solutions. Introducing simple features into Databricks is an important step in making it easier for more people in your organization to analyze and explore large datasets, regardless of their expertise. “
Earlier this year, a team of Amsterdam-based data science solutions startup Cubonacci also joined Databricks to support the development of storage and AI capabilities. Amsterdam is now home to Databricks’ second largest engineering office, Ghodsi said.
The acquisition will take place when global mergers and acquisitions reach new heights. As of June, M & A totaled $ 2.4 trillion, up 158% from the same period last year. according to For refinitiv. The growth of the data and business analytics market is part of the boom with Statista. projection The market will reach a value of $ 215.7 billion this year.Researchgate Report 53% of those companies adopted big data analytics in 2017.
Gartner expect Low-code and no-code tools that will account for 65% of new applications by 2024.Meanwhile, verified market research Predict The market is expected to grow by more than 44% annually by 2026 and eventually reach $ 23.43 billion by 2028.
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Databricks acquired 8080 Labs to enhance its low-code products
https://venturebeat.com/2021/10/06/databricks-makes-acquisition-to-bolster-platform/ Databricks acquired 8080 Labs to enhance its low-code products