CloudSoda Acquires DataIntell
18 Junio 2024 - 5:00AM
Business Wire
Creating Modern Data Management for the
Artificial Intelligence (AI) Era
CloudSoda, a leading provider of data management with secure
data access and mobility, and DataIntell, a leading data insights
and visualization provider, today announced the next chapter of
their multi-year partnership and technology integration to better
address AI capabilities that customers are demanding.
Historical computing practices, including disparate protocols,
multi-vendor environments, multi-clouds, and the emergence and
importance of the edge, have left data fragmented and inaccessible
with little ability to share and collaborate. These issues, as well
as data governance and security, have created a complex environment
for data management that requires completely new thinking and
perspective.
Putting data at the center, CloudSoda and DataIntell combine
their expertise to expand modern data management capabilities
breaking down infrastructure barriers. Customers benefit from a
comprehensive view of their data landscape enabling data-driven
actions and automated workflows. This merger sets CloudSoda apart
from conventional data management solutions, offering enterprise
companies and cloud service providers an unparalleled secure
solution for AI-ready data.
“CloudSoda has experienced exponential growth since coming out
of stealth mode five months ago,” said Tim Page, CloudSoda’s Board
Member and Acting CEO. “CloudSoda was born in the media and
entertainment industry with its ability to securely move
unstructured data at unmatched speed and scale. With the recent
emergence of AI, our technology became a powerful enabler across
industries as customers and service providers grappled with data
management. For example, we now have customers that scan billions
of files and move high volumes of data to and from the edge, and in
and out of AWS Deep Glacier. We found that our partnership with
DataIntell was increasingly beneficial with the ability to discover
and visualize data through a single pane of glass. So, today our
powerful technology gives customers an ‘easy to implement’ means of
discovering ALL their data, gaining insights, creating a data
strategy and actioning that strategy.”
International Data Corporation (IDC) has stated that data
availability and quality are the top challenges for maximizing the
value of AI initiatives.1
“As many businesses are racing to build their AI strategies,
most are realizing that their data management strategy needs to
come first,” said Olivier Rivard, CEO of DataIntell. "With an
intelligent, cohesive data strategy, forward-thinking companies
will certainly have a competitive advantage.”
Dimension Market Research highlights the worldwide AI Data
Management Market’s significant growth. According to their
projections, the market is expected to soar to USD 34.7 billion by
2024 and further escalate to an impressive USD 260.3 billion by
2033. The market is further anticipated to register a CAGR of 25.1%
from 2024 to 2033.2
“Customers understand that their data is their most important
asset and they want to own their data without lock-ins or silos,”
added JD Trout, CloudSoda’s Chief Technology Officer. “Secure
interoperable data from edge, core and cloud is valuable for
sharing and collaboration and for training AI models for more
effective inferences. To support this effort, a modern data
management strategy is essential.”
About DataIntell
DataIntell is a leading intelligent data insights and
visualization provider. The DataIntell software provides storage
and data analytics across the storage landscape enabling insights
for actionable intelligence. For more information, visit
www.dataintell.io.
About CloudSoda
CloudSoda is a leading provider of data management with secure
data access and mobility. The new expanded CloudSoda offers
AI-ready intelligent data management from discovery and analytics
through enabling governance, collaboration, movement, and
continuous data lifecycle optimization. With data at the center,
CloudSoda offers a modern approach to data management in the AI
era. For more information, visit www.cloudsoda.io or contact
Sales@cloudsoda.io.
- IDC’s Future Enterprise and Spending Survey (Wave 2, March
2023) identified issues of data availability and data quality as
the #1 challenge - cited by 29% of respondents worldwide
-
https://www.fintechfutures.com/techwire/ai-data-management-market-projected-to-reach-usd-260-3-billion-by-2033-with-25-1-cagr-forecasts-dimension-market-research/#:~:text=The%20Global%20AI%20Data%20Management%20Market%20size%20is%20expected%20to,25.1%25%20from%202024%20to%202033.
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