You’ve probably heard someone say or read somewhere that “data is the new oil”. And, much like us, you probably got the gist of it – data is valuable – but didn’t really understand the analogy beyond that. This deep dive on two data infrastructure companies, Databricks and Snowflake, helped us understand it a little better.
Snowflake, founded in 2012, is a cloud data platform that allows companies to warehouse their data and then analyse it. Databricks, founded in 2013, is a data lake (which for the purposes of this write up is similar to Snowflake’s data cloud). Basically, both of these companies are B2B companies that help other businesses collect, store and analyse the masses of data they can now collect on their customers.
And as this article explains, Databricks and Snowflake are the two titans in this space. And they are clashing like titans, calling each other out in blogs and at conferences.
The market for data warehousing and analytics is worth over $215 billion. And growing. This article believes cloud data will see similar market dynamics to cloud computing, with two dominant players like AWS and Azure.
If you’ve ever wanted to get your head around the value of data, understanding these two companies will be a good place to start.
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