This is a special report straight from the Acceleration Economy News Desk – your go-to resource for emerging business and technology news. Aaron Back brings you an update on Databricks’ recent acquisition of 8080 Labs in order to increase its low-code/no-code capacity.
The Databricks Lakehouse Platform simplifies data architecture by unifying data, analytics, and artificial intelligence. By combining this with the 8080 Labs Bamboolib platform, you can surface insights in minutes and create data reports. You can also extend them for your own needs.
00:17 – Databricks, an enterprise software company, acquired the German-based start-up, 8080 Lab, and its Bamboolib platform.
00:50 – This acquisition provides additional support to Databricks’ Lakehouse Platform. It helps to achieve their goal, as stated on their site, of being simple, open, and collaborative.
01:08 – Although AI may still seem out of reach for some, this acquisition allows Databrick to take advantage of AI. Furthermore, it allows them to reach their target market of citizen data scientists and citizen developers.
01:38 – Databricks’ CEO, Ali Ghodsi, acknowledged that the acquisition enables them to reach a wider range of audience. More specifically, they can reach users who prefer low-code/no-code solutions.
02:00 – As this brings simple capabilities to Databricks, Ghodsi pointed out that it empowers users to analyze large sets of data. Most notably, users within organizations can do this regardless of previous experience or expertise.
02:25 – In August, Databricks closed a Series H funding of $1.6 billion to boost its valuation to $38 billion.
03:23 – While this is a great move for Databricks, there‘s still more room for improvement, considering they acquired a solution from a start-up company. But, it certainly does help expand its reach to a low-code/no-code audience.