CLOUDERA TO ACQUIRE OCTOPAI’S PLATFORM TO DELIVER TRUSTED DATA ACROSS THE ENTIRE HYBRID CLOUD DATA ESTATE

SANTA CLARA, Calif., Nov 14 (Bernama) -- Cloudera, the only true hybrid platform for data, analytics, and AI, announced that it entered into a definitive agreement with Octopai B.I. Ltd. (Octopai) to acquire Octopai’s data lineage and catalog platform that enables organizations to understand and govern their data. The transaction will significantly add to Cloudera’s data catalog and metadata management capabilities.

Enterprises are under increasing pressure to incorporate data-driven decision-making into their business operations. They want to utilize their data for AI, machine learning, and predictive analytics initiatives, requiring a comprehensive data intelligence strategy to find all the relevant, contextual, and trusted data across the company. But for many enterprises—particularly those in finance, healthcare, retail, and telecommunications that deal with highly regulated, sensitive, and voluminous data—having a complete purview of the entire data estate still proves challenging as they require capabilities over multiple data solutions across hybrid environments.