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Evolution of Data Products and Governance in the Tech Industry
The chapter explores the evolving sophistication levels in data products, from simple artifacts to complex systems driving business outcomes, and the pivotal role of contextual business information and graph databases. It analyzes the strategies and growth of Snowflake and Databricks in database, data warehouse, and ML/AI sectors, along with their enhancements in AI capabilities. The discussion delves into recent acquisitions in the tech industry, including the acquisition of Tabular by Databricks and the formation of Mosaic AI, shedding light on advancements in governance, interoperability, and toolchains in the AI space.