HP Enterprise to acquire BlueData
HP Enterprise announced a definitive agreement to purchase BlueData. The acquisition is expected to close within HPE's Q1 ending January 31, 2019. As the volume of data continues to grow exponentially, companies are increasingly investing in the hardware, software, and services needed to gain actionable insights from it. By 2022, the total addressable market for artificial intelligence/machine learning and big data is expected to grow to approximately $160B. However, not all organizations will have the AI and data literacy skills needed to extract business value and actionable insights from their data, and demand is increasing for faster and more cost-effective solutions that can easily deploy AI/ML and big data analytics. The financial terms of the transaction were not disclosed.