Qlik Acquires Big Squid to Expand Its Industry Leading Augmented Analytics Capabilities with No-Code Automated Machine Learning
Advances Qlik’s Vision of Active Intelligence by Bringing Data and Analytics Teams Key Driver Analysis, What If Scenario Planning and On-Demand Predictions Directly Within Qlik
Qlik® today announced the acquisition of Big Squid, a leading provider of no-code automated machine learning (AutoML), to expand data and analytics teams’ ability to leverage advanced augmented analytics capabilities such as key driver analysis, predictive analytics and what if scenario planning with APIdeployable AI models for on-demand predictions directly within Qlik. Combining Big Squid with Qlik’s existing augmented analytics capabilities – which already include direct API integrations with 3rd party engines and the integrated intelligent AI assistant Insight Advisor – expands the industry’s most robust augmented analytics capabilities suite for cloud analytics.
“Data and analytics teams know there’s incredible untapped potential to use data to predict and plan what will happen. What they lack is the resources and modeling expertise to discover and deliver the insights that fuel those efforts,” said Mike Capone, CEO of Qlik. “With Big Squid’s SaaS no-code AutoML capabilities, teams will be able to seamlessly and easily augment their analytics efforts directly within Qlik with AI-driven models that deliver unique insights for timely planning and action when it matters most.”
Acquiring Big Squid also further advances Qlik’s vision of Active Intelligence, where technology and processes trigger immediate action from real-time, up-to-date and trusted data to accelerate business value across the entire data and analytics supply chain.
Most organizations struggle in going beyond core analytics efforts to generate the understanding from their data of what might happen and why it could happen. Big Squid enables data and analyticsteams with no-code AI-generated insights through trusted models directly in existing analytics efforts, helping to create better understanding of key business drivers and expand the ability to predict potential scenarios and plan more effectively for the unplanned. When integrated into a complete platform for Active Intelligence, Big Squid will help customers more easily answer deeper questions regardless of the underlying data source.
Big Squid will further expand Qlik’s existing SaaS roadmap and will bring new AutoML augmented analytics capabilities spanning key driver analysis, predictive analytics and ‘what if’ decision planning all backed with explainable AI. For Qlik customers, Big Squid will bring immediate value to both on-premises customers and as part of Qlik Cloud,where Qlik will continue to support AutoMLfor a wide variety of data sources (including Google, Microsoft and Snowflake). Big Squid will also help those customers modernizing their analytics with Qlik Cloud by delivering even more capabilities that will help analytics users of all skill levels create and leverage insights that compel action.
Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private SaaS company, Qlik provides an end-to-end, real-time data integration and analytics cloud platform to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik does business in more than 100 countries and serves over 50,000 customers around the world.
Source: Olik Press Release