Company expands vision of active intelligence by bringing key data analytics to data and analytics teams, scenario planning and simulation, and on-demand forecasts
Qlik announced the acquisition of Big Squid, a provider of automated machine learning "no code" (AutoML), to expand the ability of data and analytics teams to leverage advanced augmented analytics capabilities such as key factor assessment, predictive analytics, and “what-if” scenario planning with API-deployable AI models for forecasting directly in Qlik.
Combining Big Squid with Qlik's existing augmented analytics capabilities – which already include direct API integrations with third-party engines and the AI assistant built into Insight Advisor – expands the industry's most robust feature set for cloud analytics.
With the acquisition of Big Squid, Qlik further advances its vision of active intelligence, in which technology and processes drive immediate operations from real-time, up-to-date and reliable data to accelerate business value across the entire supply chain. data and analytics.
Mike Capone, CEO of Qlik
“The Data and Analytics teams know that there is incredible untapped potential in using data to predict and plan for what will happen. What they don't have is the resources and modeling experience to discover and deliver the insights that fuel these efforts,” said Mike Capone, CEO of Qlik.
“With the capabilities of AutoML "no code" from Big Squid, teams will be able to seamlessly and easily increase their analytics efforts directly in Qlik with AI-powered models that provide insights for timely planning and action when it matters most,” he added.
Big Squid will contribute to the expansion of the roadmap of Qlik's existing SaaS, covering analysis of key factors, predictive analytics and what-if decision planning. In addition, it will bring immediate value to customers on-premises and as part of the Qlik Cloud, where Qlik will continue to support AutoML for a wide range of data sources (including Google, Microsoft and Snowflake). Big Squid will also help these customers modernize their analytics with Qlik Cloud, offering even more capabilities that will help analytics users of all skill levels create and drive actionable insights.
“Platforms of Business Intelligence and analytics help organizations understand what happened and why, but users increasingly want to know what will happen and what they can do about it,” explained Doug Henschen, vice president and principal analyst at Constellation Research.
“In the past, these insights predictive tools were left entirely to data scientists, but trendsetters are closing the gap between BI, analytics and data science. With the acquisition of Big Squid, Qlik is extending and accelerating its existing efforts to enable non-data scientists to be predictive.”
The terms of the agreement are not being disclosed. Qlik is fully committed to supporting all existing Big Squid customers, many of which are shared by Qlik.
