15 March 2022: Snowflake announced its planned acquisition of data applications builder Streamlit. Snowflake’s goal is to integrate app building into its Warehouse-as-a-Service platform with simplified data access and governance features.
Why it’s Important
There has been a growing trend in the acquisitions of analytics platform developers to boost product features and improve capabilities of data science tools.
IBRS expects more mergers and acquisitions among leading Cloud analytics vendors that will commence the initial stages of consolidating the hyperscale, elastic analytics market. It projects more integration of key components of the data analytics system in the next three years. In particular, data catalogues or data sharing solutions will become increasingly integrated with Cloud data lakes and data warehouses.
However, it is the use of centralised data repositories - data lakes and warehouses - to simplify the development of low-code apps that has been overlooked. One of the biggest challenges and costs for low-code apps development is integration. However, data analytics platforms have already integrated and normalised data from multiple systems. As a result, using these centralised data resources for low-code application development could be very attractive.
Microsoft’s Dataverse is essentially this concept - albeit within the Microsoft world. Snowflake’s investments in Streamlit are an indication that there is a growing market for this use case.
- COO, CIO, CTO
- Business analysts
Organisations should look at how their low-code initiatives tie into data analytics initiatives. Low-code platforms generate not only data captured from forms, but also metrics on how processes are performing - data which will likely end up being reported upon via analytics platforms. But there are also opportunities to leverage the analytics platforms to act as engines for low-code and rapid application development environments. Bringing the people involved in each of these areas together can reveal new opportunities to ‘streamline the process of streamlining processes’.
Related IBRS Advisory
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