One among all purchasing sectors is the sophistication of AI data and solutions; and spark growth of AI data amongst various departments like membership services, e-commerce, manufacturing, natives of digital, and corporate organizations.
Databricks, a startup in data and AI from the US, announced today they will be investing more than usual in India due to the fact that there is a rise in the demand for data and AI solutions all around the country. In spite of the COVID purposes, we have seen an exponential increase in data and AI demand from the financial sector, retailers, manufacturers, and digital natives as reported by a senior corporate executive.
To get this demand we are strongly focusing on increasing investment in India with our latest projects on Google Cloud and expanding both of our Indian go-to-market and R&D teams, the company said in an official announcement.
Databricks, a US-based data and analytics company, made an announcement on Friday that it is getting a grip on its investment into the country, India because businesses in the country is seemingly increasing their demand for data and analytics services.
Beyond the stellar performance of Databricks in India during this fiscal year, which resulted in revenue increase of over 80% since the past year, that company had amplified its infrastructure on Google’s Cloud Platform’s India (Mumbai) region to serve its growing customer base.
The idea behind the move is to bridge the gap of data intelligence demand in the country, the organization said. The passage discusses a college student’s struggle with finding a work-study balance.
Databricks provides tools that help you to link all your data sources in a common platform that execute the tasks such as processing, storing, sharing, analyzing, modeling, and monetizing of datasets with choice of solutions ranging from Business Intelligence (BI) to Generative AI.
A notable point is the specified investments which run into millions alongside the development of an R&D facility in Bangalore, These investments by Databricks proves the organization’s strong commitment in the India market.
Ed Lenta, SVP (SVP) and General Manager (GM) of Asia Pacific and Japan at Databricks has shared that India has become a big market for this company, for instance, reflected in the huge spike in investments and the recent creation of the India go-tomearket and R&D teams.
In that connection, Anil Bhasin, the vice president and national manager of Databricks India, noted the retail sector, banking, financial services and insurance, and manufacturing were soaring demand for data and analytics options.
The company reported that the global revenues amounted to US$1.6 billion representing a 50% rise compared to last year. This result could be explained by the strong role of product innovation and also by recent acquisitions.
