NEWSBYTE US technology giant Oracle has acquired DataScience.com, an enterprise data science platform provider that counts global mining group RioTinto and sound system specialist Sonos among its customers.
The terms of the deal were not disclosed.
DataScience.com claims that its platform makes data science collaborative and scalable, enabling data science teams to work together on data-driven projects to transform businesses.
Its technology brings data science tools, projects, and infrastructure together into a single workspace, where teams can organise work, access data and computing resources, and collaborate on end-to-end model development. The aim is to improve productivity, reduce operational costs, and deploy machine learning solutions at scale.
Oracle hopes to integrate DataScience.com with its Oracle Cloud Infrastructure, as well as its software as a service (SaaS) and platform as a service (PaaS) offerings, in a bid to help companies get the most out of machine learning.
“Every organisation is now exploring data science and machine learning as a key way to proactively develop competitive advantage,” said Amit Zavery, executive vice president of Oracle Cloud Platform. “But the lack of comprehensive tooling and integrated machine learning capabilities can cause these projects to fall short.
“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,” he said.
Ian Swanson, CEO of DataScience.com, added that data science requires a comprehensive platform to simplify operations and deliver value at scale.
“With DataScience.com, customers leverage a robust, easy-to-use platform that removes barriers to deploying valuable machine learning models in production,” he said. “We are extremely enthusiastic about joining forces with Oracle’s leading cloud platform, so customers can realise the benefits of their investments in data science.”
Oracle is reviewing Datascience.com’s product roadmap and will provide guidance to customers in the coming months.
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Oracle has been building up its AI capabilities in recent years. It has already launched a suite of pre-configured AI libraries and deep learning frameworks, called Oracle AI Platform Cloud Service. Other launches include: conversational AI platform, Oracle Mobile Cloud; a machine learning specialist tool for industrial workloads, Oracle Autonomous Data Cloud; AI data visualisation tool, Oracle Analytics Cloud; and an AI security threat analysis tool, Oracle Security and Management Cloud.
The company is making a big bet on machine learning and autonomy; it believes that half of all enterprise data will be managed autonomously by 2020, and expects companies to spend more than $57.6 billion on machine learning by 2021, up from $12 billion in 2017 – in line with research from Deloitte.