Menu
Oracle acquires data science platform to integrate into cloud offering

Oracle acquires data science platform to integrate into cloud offering

The DataScience.com platform centralises data science tools, projects and infrastructure in a fully-governed workspace

Credit: Dreamstime

Oracle has signed an agreement to acquire California-based DataScience.com, whose platform is used by organisations such as Rio Tinto and Sonos.

Oracle revealed it would add DataScience.com's platform to its Oracle Cloud offering, providing customers with a single data science platform that leverages Oracle Cloud Infrastructure and the breadth of Oracle's integrated SaaS (software-as-a-service) and PaaS (platform-as-a-service) offerings to help them tap into the potential of machine learning.

The DataScience.com platform centralises data science tools, projects and infrastructure in a fully-governed workspace. According to Oracle, data science teams use the platform to organise work, easily access data and computing resources, and execute end-to-end model development workflows.

“Every organisation 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,” Oracle Cloud Platform executive vice president Amit Zavery said.

“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.”

After the close of the transaction, Oracle plans to continue investing in DataScience.com. Oracle expects this will include more functionality and capabilities at a quicker pace. In addition, DataScience.com customers will benefit from better integration and alignment with Oracle’s other product offerings, according to Oracle.

“Data science requires a comprehensive platform to simplify operations and deliver value at scale,” DataScience.com CEO Ian Swanson said. “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 realise the benefits of their investments in data science,” Swanson added.

On 19 March, Oracle revealed its third quarter results reporting a six per cent increase in revenues US$9.8 billion, compared to Q3 last year. Cloud and on-premises software revenues were up by eight per cent to US$8.0 billion.

Cloud software-as-a-service (SaaS) revenues, meanwhile, were up by 33 per cent to US$1.2 billion. At the same time, cloud platform-as-a-service (PaaS) plus infrastructure-as-a-service (IaaS) revenues were up 28 per cent to US$415 million.

Total cloud revenues were up by 32 per cent to US$1.6 billion.

Overall, the company reported a net loss for the period of more than US$4 million, representing a 41 per cent year-on-year fall form he net income of US$2.24 billion it reported for the same period the year prior.

This drop was largely due to US$6.9 billion one-time income tax expense in the wake of the US Tax Cuts and Jobs Act.



Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags CloudOracleacquisitionmachine learningData sciencedatascience.com

Events

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments