IBM Buys Israeli ‘Data Observability’ Firm for Undisclosed Sum

IBM bought Databand.ai, an Israeli supplier of “data observability” software, it said Wednesday. “As the volume of data continues to grow at an unprecedented pace, organizations are struggling to manage the health and quality of their data sets, which is necessary to make better business decisions and gain a competitive advantage,” said IBM. Data observability is “a rapidly growing market opportunity” that helps enterprises “better understand the health of data in their system and automatically identify, troubleshoot and resolve issues,” it said. Terms of the transaction, which closed June 29, weren’t disclosed.