What makes Talend so valuable? Fivetran’s survey of data engineers gives a hint: 44% said key data isn’t available for decision-making and 68% said more insights could be extracted if they had more time. More than half collect data from more than ten data sources and 51% said their data pipelines break at least once every month.
It’s more than week since we’ve had a CDP acquisition to report, Dear Reader and I’m sad too. Maybe you’ll feel a little better to learn that open source data integration vendor Talend was just purchased by private equity investor Thoma Bravo for $2.4 billion. That’s a 29% premium over its closing stock price and 8.3 times 2020 revenue.
Moving data to the cloud is supposed to simplify management, but Flexera found that 92% of companies use multiple clouds and 45% integrate data between clouds, which creates its own challenges. While cost savings are the top goal, respondents estimate that 30% of cloud spending is wasted. Just 16% of companies refuse to load any customer data into a cloud system.
“Ask Meta AI anything” is what you now see instead of the traditional search bar across Meta apps such as Facebook and Instagram. Meta AI will still perform the basic search function but will also answer questions and chat with you. It should hardly be a surprise when a tech company launches a genAI solution these days but this is a bold challenge to Google and Open.ai (it’s also available as a standalone tool at Meta.ai).