SUNNYVALE, Calif. — Google Cloud is unveiling three new products in its portfolio to create a unified data platform.
Google Cloud launched its Analytics Hub for data sharing, Dataplex for data management and Datastream for real-time data replication at its inaugural Data Cloud Summit last week, according to the company.
Google developed the set of products to help enterprises that are “grappling with” how to centrally manage their applications and integrate data in real-time as they contend with “sprawling” data: across databases, data lakes, data warehouses, data marts and on-premises and in multiple clouds.
Organizations estimate the average cost of poor data quality is $12.8 million per year, according to a recent survey by Gartner.
The unified data platform is designed to help enterprises “break free from data silos” and “improve decision making, innovate faster and elevate customer experiences,” according to Google.
“Data must be thought of as an ability that integrates all aspects of working with it,” said Gerrit Kazmaier, VP and general manager of databases, data analytics and Looker, Google Cloud.
“Every industry is accelerating their shift of being digital first as they recognize data is the essential ingredient for value creation and the key to advancing their digital transformation.
Kazmaier said Google Cloud is committed to helping customers “future-proof their business.”
See more: Best Data Quality Tools & Software
The three-part unified data platform by Google Cloud is built for the “full data life cycle” — from the systems that run an enterprise to the artificial intelligence (AI) and machine learning (ML) tools that predict and automate its future.
Details on each product in the unified data platform are below:
A preview of the data sharing product is “coming soon.”
The data management product is available in preview.
The credit reporting bureau Equifax is an early user of Dataplex.
The product for real-time data replication is available in preview.
Major League Baseball and Schnuck Markets are early users of Datastream.
See more: Public Cloud Computing Providers
The global cloud computing market size is expected to grow from USD $371.4 billion in 2020 to USD $832.1 billion by 2025, at a compound annual growth rate (CAGR) of 17.5% during the period, according to a report by MarketsandMarkets.
The top geographic market driving the growth is the Asia Pacific region, with demand being led by software as a service (SaaS), infrastructure as a service (IaaS) and platform as a service (PaaS), the report says.
China is the top country pushing growth in the region through several sectors: banking, financial services, manufacturing and telecommunications.
These are some of the other top companies in the cloud platform market:
See more: Top Cloud Management Platforms
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