According to a recent press release, “DataRobot, the leader in enterprise AI, today announced that it has entered into a definitive agreement to acquire Paxata, the pioneer of self-service data preparation and leading data fabric provider, to fulfill its mission to build the world’s first automated end-to-end enterprise AI platform. While the massive impact of AI on enterprises is well understood – PwC forecasts by 2030 AI could contribute $15.7 trillion to the global economy – companies must overcome several key challenges associated with AI in order to reap the benefits and become successful. Data preparation is one area that has historically held companies back. Creating a dataset for training predictive models, deploying data prep steps with AI models, and preparing data specific to AI routines are all major challenges companies face when it comes to leveraging data at scale.”

The release continues, “By providing tools that help users build automation into their data prep processes, the Paxata acquisition will alleviate these pain points for customers and dramatically enhance their ability to achieve AI-driven outcomes rapidly. Further, as enterprises move to a multi-cloud, hybrid world, it is imperative that an underlying data fabric that combines enterprise scale, security, and governance is a core part of the enterprise AI infrastructure. ‘Data prep for AI has been a long-standing challenge for AI projects,’ said Jeremy Achin, CEO and Co-founder, DataRobot. ‘With the addition of the AI-enabled data prep and enterprise data fabric solution from Paxata, we will now give business users the industry’s most complete enterprise-class platform to automate the AI lifecycle from start to finish’.”

Read more at Business Wire.

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