- In October 2020, IBM announced its acquisition of WDG Automation, a leading provider of financial analytics software and services. This strategic move aimed to bolster IBM's financial analytics capabilities and strengthen its position in the financial services industry. WDG Automation's technology and expertise were expected to enhance IBM's portfolio of AI-driven automation solutions for financial institutions, enabling improved risk management, fraud detection, and compliance monitoring
- In August 2023, Microsoft announced a five-year partnership with Synthetaic, a startup focused on data analysis from space and air sensors using artificial intelligence. Synthetaic's AI tool, Rapid Automatic Image Categorization (RAIC), was developed on Microsoft’s Azure cloud platform. As part of the agreement, Microsoft provided Synthetaic with nearly 1 million hours of cloud computing resources to enhance their data analysis capabilities
- In May 2023, Microsoft unveiled a new data and analytics solution called Microsoft Fabric. This tool includes a multi-cloud data lake, named OneLake, and built-in SaaS capabilities. Fabric is a comprehensive analytics product designed to address all of an organization's analytical needs. The data within Microsoft Fabric is organized into a user-friendly data hub, automatically indexed to facilitate seamless sharing, discovery, compliance, and governance
