Microsoft selected startup Octopai, the developer of the first cross-platform metadata search engine, to participate in its Global Scale-Up program
Understanding data journey is one of the biggest challenges facing enterprises today. With the proliferation of heterogeneous systems from different vendors, the question is, how do you make sense of data that travel across multiple systems and different platforms? Metadata, simply means data about data, helps with identification of the meaning of data, but it falls short. Metadata management has quickly become one of the topics on the minds and agendas of major organizations around the world. It is one of the issues that keeps Chief Data Officer awake at night. The problems used to be about data management, data lakes and master data management (MDM), but not anymore.
A young Tel-Aviv, Israel-based startup believes it a solution to this problem. The startup called Octopai, has developed a cross-platform metadata search engine to make it easy to track data journey as it travel across multiple systems. Octopai is the first automated, centralized, cross-platform metadata search engine that enables BI groups to quickly and precisely discover and govern shared metadata and provides a cler map of the data journey. Octopai cloud-based tool helps organizations to identify metadata that are scattered across multiple systems and ultimately helps to take guesswork out of finding metadata.
Today, Octopai announced is has been selected, along with nine other startups, to participate in the globally recognized Microsoft Scale Up program. Microsoft ScaleUp is a four-month program built to empower startups around the world on their journey to build great companies. The program aims to help startups with unique technology and value propositions to scale the their business by providing the tools, resources, connections, knowledge and expertise needed to become successful companies. Octopai’s cloud-based metadata management platform was a natural choice for the accelerator.
ScaleUp comes at a perfect time for Octopai – a machine learning-based, SaaS product for Business Intelligence that enables organizations to find their data and track its movement process in seconds by automatically discovering, centralizing and analyzing cross-platform metadata. Octopai has also been selected as one of the best big data analytics software in March 2018 by Siftery, a software comparison platform.
Organizations use many different BI systems to run and manage their data, and they also typically end up using proprietary, silo-based tools to manage the data in every single BI system. This leads to inaccuracies in data integrity, governance problems and high labor costs as BI groups end up spending more than 50% of their time and resources on manually tracing the data, while the business loses precious time to market.
Octopai’s technology automatically creates complete data lineage by retrieving metadata directly from the multi-vendor BI systems and placing it on a centralized, cloud platform for metadata analysis. In a single view, BI groups can easily discover, navigate and understand the data journey in seconds. Unlike other traditional vendor-specific tools that are limited, costly and cumbersome, Octopai is extremely simple to use and can be up and running in a day.
From Idea to Reality
Octopai has made great strides since its launch in 2017. Inbound demand is growing steadily with leading companies worldwide partnering with Octopai and paying customers using the cloud-based solution to boost their businesses on a daily basis. ScaleUp has developed a tailor-made program for Octopai that includes distribution channel building with global Fortune 500 companies, working alongside top Microsoft executives, as well as access to some of the greatest resources available to startups today.
“Octopai is very excited to partner with ScaleUp to scale the company to become a leader in the BI data management space,” said Octopai CEO Amnon Drori.
Below is a video of how Octopai works.