DataSience.com to boost Oracle’s position in big data and machine learning
Earlier, we discussed SAP’s (SAP) Coresystems acquisition and the factors that enabled its stock to touch an all-time high. Now, let’s take a look at Oracle’s (ORCL) acquisition of DataScience.com, which it announced last month. DataScience.com provides an enterprise data platform that ensures collaboration and scalability in data science, empowering teams to collaborate on data-driven projects.
The financial details of the deal were not disclosed. To date, DataScience.com has raised $28 million in funding, as reported by Crunchbase.com.
DataScience.com will boost Oracle’s SaaS and PaaS offerings
DataScience.com’s technology integrates tools and infrastructure into a single workspace, where teams can access data and computing resources, systemize work, and cooperate on end-to-end model development. As a result, productivity is enhanced, operational costs are reduced, and machine-learning solutions are deployed at scale.
Discussing the ways in which Datascience.com would complement Oracle’s cloud offerings, Amit Zavery, the executive vice president of Oracle Cloud Platform, said, “With the combination of Oracle and DataScience.com, customers will be able to harness a single data science platform to more effectively leverage machine learning and big data for predictive analysis and improved business results.”
As the above presentation shows, Oracle aims to integrate DataScience.com into its Oracle Cloud Infrastructure as well as its SaaS (software-as-a-service) and PaaS (platform-as-a-service) offerings so that the companies can benefit as much as possible from Database.com’s machine-learning capabilities.