- In September 2022, MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) spin-off DataCebo announced the launch of a tool called Synthetic Data (SD) Metrics, designed to help enterprises assess the quality of synthetic, machine-generated data by comparing it against real datasets. This innovation marks a significant advancement in enhancing data validation and trust in AI-driven environments
- In May 2022, Pyramid Analytics, the creator of the Pyramid Decision Intelligence platform, revealed it had raised USD 120 million in a Series E funding round. The platform integrates business analytics, data preparation, and data science with AI-guided functionality to deliver no-code, governed self-service analytics. This funding is expected to strengthen its market presence and support continued innovation
- In October 2021, Informatica LLC announced a strategic partnership with Google Cloud to accelerate cloud data management capabilities. The partnership allows Informatica customers to migrate to Google Cloud up to 12 times faster, with expanded marketplace offerings including Master Data Management and Data Governance features. This collaboration enhances scalability and digital transformation for enterprises using cloud services
- In June 2021, Talend Inc. entered a partnership with Snowflake, a leading data cloud provider, to deliver secure, analytics-ready data at scale within Snowflake’s ecosystem. This partnership is expected to unlock new market opportunities, stimulate growth, and improve customer engagement paving the way for expanded revenue streams
Frequently Asked Questions
One prominent trend in the global data quality tools market is the enhanced capabilities through AI and machine learning integration
The increasing focus on real-time data quality is a major driver contributing to the growing demand for data quality tools.
Difficulty in measuring the ROI of data quality tools, poses a significant barrier to widespread adoption particularly in cost-sensitive markets.
Customer data segment is expected to dominate the data quality tools market in 2025, driven by the critical need for accurate customer information to enhance marketing efforts, improve customer relationship management, and personalize services.
Asia-Pacific data quality tools market is poised to grow at the fastest CAGR in 2025, driven by increasing digitalization, the rapid growth of e-commerce, and the rising volume of data generated in countries such as China, Japan, and India.
