IBM announced the acquisition of Databand.ai, a market leader in data observability software that enables businesses to correct data problems such as errors, pipeline failures, and poor quality before they have an adverse effect on their bottom line. The news that was announced today helps businesses make sure that reliable data is placed in the hands of the appropriate users at the proper time and further improves IBM's software offering across data to cover the complete spectrum of observability.
IBM has acquired Databand.ai five times in 2022 as it works to improve its hybrid cloud and AI expertise and capabilities. Since Arvind Krishna became the company's CEO in April 2020, IBM has bought more than 25 businesses.
Organizations struggle to control the health and quality of their data sets, which is essential to improve business decisions and achieve a competitive advantage as the volume of data keeps expanding at an unheard-of rate. The capacity to automatically detect, troubleshoot, and fix issues, such as anomalies, breaking data changes, or pipeline failures, in almost real-time is becoming a vital solution for data teams and engineers. Data observability is a rapidly expanding market opportunity. According to Gartner, poor data quality costs enterprises an average of $12.9 million annually. The market for data observability is anticipated to increase rapidly to aid in reducing this difficulty.
Data observability elevates conventional data operations by computing statistics about data workloads and pipelines right at the source, assessing their effectiveness, and identifying potential issues. It can assist IT teams in quickly surfacing and resolving issues with infrastructure, applications, data, and machine learning systems when used in conjunction with a complete stack observability approach.
Data engineering teams may quickly integrate and gain observability into their data infrastructure thanks to Databand.ai's open and expandable methodology. With the additional resources made available by this acquisition, Databand.ai will be able to increase the scope of its observability capabilities, enabling deeper integrations with more open source and for-profit products that drive the modern data stack. Additionally, businesses will have complete control over how to run Databand.ai, whether as a Software-as-a-Service (SaaS) or a self-hosted software subscription.
Building on IBM's research and development expenditures and strategic acquisitions in AI and automation, the company has acquired Databand.ai. IBM is in an excellent position to cover the complete range of observability across IT operations by utilizing Databand.ai in conjunction with IBM Observability by Instana APM and IBM Watson Studio.
Databand.ai features, for instance, can notify engineering and data teams when the data they are utilizing to power analytics systems is inaccurate or absent. Instana can then help customers quickly explain where the missing data came from and why an application service is failing in common scenarios where data comes from an enterprise application. When used in conjunction, Databand.ai and IBM Instana offer a more comprehensive and understandable view of the complete application architecture and data platform system, which can help businesses avoid losing money and reputation.
Solutions for data observability play a significant role in an organization's overall data strategy and architecture. By ensuring that the most accurate and reliable data is sent to the appropriate people at the right time, regardless of where it lives, the acquisition of Databand.ai allows IBM to expand its current data fabric offering further.
Employees of Databand.ai, with its headquarters in Tel Aviv, Israel, will join IBM Data and AI, adding to the company's expanding line-up of Data and AI solutions, which already includes IBM Watson capabilities and IBM Cloud Pak for Data. The deal's financial specifics were kept confidential. The transaction was finalized on June 27, 2022.
About IBM
IBM is a leading provider of cutting-edge technology. It employs more IT professionals than any other organization in the world. The world's most cutting-edge servers and supercomputers are available from IBM, with a comprehensive range of technology and consulting services, middleware for collaboration, predictive analytics, software development, and systems administration. As the world becomes more digitally interconnected, IBM helps clients become "smarter" by utilizing its business consulting, technology, and R&D skills.
