Impact of AI and 5G on the Possibilities of Data

Impact of AI and 5G on the Possibilities of Data

Impact of AI and 5G This blog post was made in collaboration with Intel. A smarter world is now a possibility that is starting to sound real. Data sits at the center of this change, and data can be referred to as the oil that
How the Economics of Data Science is Creating New Sources of Value

How the Economics of Data Science is Creating New Sources of Value

The Economics of Data Science There are several technology and business forces in-play that are going to derive and drive new sources of customer, product and operational value. As a set up for this blog on the Economic Value of Data Science, let’s review some of

Databricks, the company behind the Apache Spark big data analytics engine, today announced that it has raised a $250 million Series E round led by Andreessen Horowitz. Coatue Management, Microsoft and NEA, also participated in this round, which brings the company’s total funding to $498.5 million. Microsoft’s involvement here is probably a bit of a surprise, but it’s worth noting that it also worked with Databricks  on the launch of Azure Databricks as a first-party service on the platform, something that’s still a rarity in the Azure cloud.

As Databricks also today announced, its annual recurring revenue now exceeds $100 million. The company didn’t share whether it’s cash flow-positive at this point, but Databricks CEO and co-founder Ali Ghodsi shared that the company’s valuation is now $2.75 billion.

Current customers, which the company says number around 2,000, include the likes of Nielsen, Hotels.com, Overstock, Bechtel, Shell and HP…

Full Source: Techcrunch

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