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Databricks today announced the acquisition of a start-up company to strengthen its big data analytics platform. With the acquisition of the German technology company 8080 Labs, the Frankfurt-based operation behind the tool for analyzing low and without code data analysis Bamboolib, Databricks plans to expand its reach to the data practitioner space.
Several months ago, 8080 Labs developed Bamboolib, a UI-based suite that enables users to transform data without code while generating production-ready behind-the-scenes code. It is intended to supplement 8080 Labs’ PPScore, a data-type agnostic score that can record relationships between two data columns and PyForest, an open source package that handles the import of software packages automatically.
Databricks plans to integrate Bamboolib’s no-code features with its new “AutoML” panel offerings, allowing non-developers to train AI models in customized data sets. The company says the new “UI-powered capabilities” will be built directly into its platform, marking something of a doubling for Databricks on low and no code tools.
With the addition of Bamboolib and Redash, which Databricks acquired last year, CEO Ali Ghodsi says the Databricks platform will better enable people to perform data tasks without requiring engineers to re-implement them for production.
“We are excited to welcome 8080 Labs to the team as we accelerate the adoption and availability of lakehouse as the data architecture of the future,” Ghodsi said in a press release. “[W]e expands the focus of our user base to a wider audience that prefers low code and no code solutions. Bringing simple properties to Databricks is a critical step in enabling multiple people in an organization to easily analyze and explore large datasets, regardless of expertise. ”
Earlier this year, the team from Cubonacci, a computer science solutions company based in Amsterdam, also joined Databricks to support the development of storage and AI capabilities. Amsterdam is now home to Databricks’ second largest engineering office, says Ghodsi.
The acquisition takes place as global mergers and acquisitions reach new heights. In June, M & As posted a record $ 2.4 trillion, up 158% from the same period last year, according to a Refinitive. Growth in the data and business analytics market is partly responsible for the boom, with Statista predicting that the market will reach $ 215.7 billion this year. Research Gate reports that 53% of companies adopted big data analytics in 2017.
Gartner expects low-code and no-code tools to account for 65% of new applications by 2024. Meanwhile, Verified Market Research expects the market to grow more than 44% annually through 2026, eventually reaching 233, $ 43 billion in value by 2028.
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