Snowflake CEO Sridhar Ramaswamy described Databricks' acquisition of Tabular as the end of 'Betamax wars', emphasizing the need for a unified data table format that serves the industry broadly.
Ramaswamy confirmed that Snowflake's support for Iceberg table format vindicates their strategy, stating it offers interoperability, allowing users to utilize their preferred analytics engine without moving data into separate warehouses.
The staggering $1 billion purchase price for Tabular reflects the significant transition in the data analytics market and its impact on how organizations will handle their data going forward.
Databricks' commitment to the Iceberg project is significant, reinforcing the importance of open-source contributions from various cloud companies to shape an industry standard that promotes collaboration.
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