Oracle is acquiring DataScience.com, a cloud workspace platform for data science projects and workloads, to expand the analytics capabilities of its cloud platform.
DataScience.com provides data science tools which can be run both in cloud and on-premises. Its tools allow users to customize their data science environments according to the projects, through a simple wizard.
The data science professionals and analysts can specify the computing power, memory and storage capacity as per the requirements, and can define the configuration settings. With DataScience.com, users also have the option to set up environment on virtual machines.
On the other hand, Oracle is a leading cloud provider, which integrates artificial intelligence (AI) and machine learning solutions across its platform as a service (PaaS) and software as a service (SaaS) portfolio. Oracle helps organizations digitally transform their business with its services.
“Data science requires a comprehensive platform to simplify operations and deliver value at scale,” said Ian Swanson, CEO of DataScience.com. “With DataScience.com, customers leverage a robust, easy-to-use platform that removes barriers to deploying valuable machine learning models in production. We are extremely enthusiastic about joining forces with Oracle’s leading cloud platform so customers can realize the benefits of their investments in data science.”
By acquiring DataScience.com, Oracle aims to provide a data science solution that leverages Oracle Cloud infrastructure, SaaS and PaaS services, and the data science expertise of DataScience.com. It will help enterprises and data science teams to enhance their productivity, reduce operational costs, and quickly deploy machine learning solutions.
“Every organization is now exploring data science and machine learning as a key way to proactively develop competitive advantage, but the lack of comprehensive tooling and integrated machine learning capabilities can cause these projects to fall short,” said Amit Zavery, Executive Vice President of Oracle Cloud Platform, Oracle. “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.”
Financial terms of the deal were not disclosed.