lakeFS Acquires DVC: A Milestone for Data Version Control
In a strategic move that will bridge the gap between individual data science projects and enterprise-level AI infrastructure, lakeFS has announced its acquisition of the DVC open source project from Iterative.ai. As leaders in the data version control (DVC) sector, this acquisition presents a united front in an industry that is rapidly evolving to meet the demands of artificial intelligence and machine learning on a large scale.
Strengthening Data Infrastructure for AI
This acquisition could not have come at a more critical time for organizations embracing AI technology. According to a recent EY survey, 83% of executives believe that improvements in data infrastructure could accelerate AI adoption, while 67% cite the lack of a solid data infrastructure as the primary barrier. By uniting lakeFS and DVC, both systems promise enhanced data management capabilities, ensuring AI-ready data resources for users at any scale.
The Vision Behind the Acquisition
Dr. Einat Orr, co-founder and CEO of lakeFS, emphasized that data version control has become essential for enterprise AI success. “Building on our enterprise-scale data version control engine, lakeFS is the control plane for AI-ready data, providing data quality, provenance, and unified access,” Orr stated. By welcoming the DVC community, lakeFS aims to foster a stronger version control ecosystem, making tools and expertise accessible to both individual data scientists and Fortune 100 companies.
What Does This Mean for DVC Users?
DVC will maintain its status as an independent open-source tool tailored for single data science projects involving smaller datasets, allowing data scientists to apply version control best practices with a lightweight and easy-to-use platform. Meanwhile, lakeFS is set to enhance its enterprise-grade capacities to serve larger-scale operations managing petabyte-sized datasets.
Industry Leaders Weigh In
Industry reactions have been largely positive. Dean Pleban, co-founder and CEO at DagsHub, noted that lakeFS stepping in as steward for DVC is excellent for the ecosystem. He remarked, “Data version control unlocks reproducible ML for teams worldwide.” It is expected that the unification of DVC and lakeFS will offer a more connected ecosystem of tools, driving mutual benefits for all stakeholders involved.
A Bright Future Ahead
As the companies look to the future, the acquisition enhances the open-source data version control ecosystem by combining resources, expertise, and community engagement. Dmitry Petrov, CEO and co-founder of Iterative and DataChain, pointed out that this transition ensures DVC users will enjoy a greater breadth of support while remaining true to the lightweight, accessible approach that made DVC popular.
Both companies are committed to maintaining their respective tools while working towards a comprehensive vision for the future, ensuring robust data management systems that cater to innovative minds, from freelancers to large-scale enterprises.
To learn more about this acquisition, register for the upcoming webinar on December 3 at 11:00 am ET, titled "A New Chapter for DVC: Passing the Torch to lakeFS." This event promises to deliver insights into how this partnership will revolutionize the data version control landscape.
Conclusion: Embracing a New Era in Data Management
The acquisition of DVC by lakeFS marks a significant pivot in the data version control landscape. By uniting expertise and communities, this move empowers enterprises and individual data scientists alike, ensuring coherence in quality, reproducibility, and access to AI-ready data resources. A robust data infrastructure is now just a step away for organizations ready to embrace the future of artificial intelligence.
Add Row
Add
Write A Comment