The Race to Build Industry Data Clouds
Snowflake and Databricks are the latest to introduce industry-specific data apps and services
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The database industry is rapidly moving in the direction of deeper industry-specific specialization. This trend is being driven in part by a growing requirement for domain expertise — businesses want to work with tech companies that understand the dynamics of their market — but there’s an essential data-management component to it, as well.
Within each industry, there are idiosyncrasies in areas such as data types, transactions, analytics, business processes, and governance. Industry data clouds package cloud infrastructure, applications, and other technologies (AI, ML, etc.) for implementation by organizations within particular industries.
Snowflake is the latest cloud database provider to introduce new vertical-industry solutions, but it’s by no means the only one. Oracle is spending $28.3 billion to acquire Cerner, which will bolster Oracle’s offerings in the $3.8 trillion healthcare market. …