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What is Apache Parquet?

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What is Apache Parquet?
Apache Parquet is an open source and free, column-oriented data file format designed for efficient data storage and retrieval. It provides data compression and encoding schemes with enhanced performance to handle complex data in bulk. Parquet is available in multiple languages including Java, C++, Python, etc.
How much does Apache Parquet cost?
Apache Parquet starts at $0.