Google To Acquire Looker For $2.6 Billion

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The deal is expected to close later this year, at which point Looker will become part of Google Cloud, helping serve Google customers a more comprehensive analytics solution.

Data remains an untapped resource for many organizations and businesses. I believe the addition of Looker to Google Cloud will provide customers with a more comprehensive analytics solution,from ingesting and integrating data to gain insights, to embedded analytics and visualizations enabling enterprises to leverage the power of analytics, machine learning and AI. Whether that’s supply chain analytics in retailing; media analytics in entertainment; or healthcare analytics at global scale.

The market for business intelligence software is large. Indeed in August 2018, IDC said that "Worldwide revenue for big data and business analytics (BDA) solutions was $166 billion, up 11.7% over 2017 and would reach $260 billion in 2022, with a compound annual growth rate (CAGR) of 11.9%."

Looker is a unified data platform that delivers actionable business insights to every employee at the point of decision and it's growing so fast because it offers IT departments a better solution to their data analytics problems. Looker integrates data into the daily workflows of users to allow organizations to extract value from data at web scale. Over 1,700 industry-leading and innovative companies such as Amazon, Etsy, IBM, Kickstarter, Lyft, Sony, Spotify and The Economist have trusted Looker to power their data-driven cultures.

“Google Cloud is being used by many of the leading organizations in the world for analytics and decision-making. The combination of Google Cloud and Looker will enable customers to harness data in new ways to drive their digital transformation,” said Thomas Kurian, CEO, Google Cloud. “We remain committed to our multi-cloud strategy and will retain and expand Looker’s capabilities to analyze data across Clouds.”

I believe the combination of Google Cloud and Looker will offer an incredible data management and analytics platform.

I am looking to see how this will reflect on other top cloud players like AWS and Microsoft Azure.

Excited to see more developments in the near future. Find more similar updates on my IG page.

Comments

  1. AnonymousJanuary 30, 2022 at 10:40 PM

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