I'm as skeptical as anyone, but have you ever heard of companies like Oracle, which got rich off a database or Snowflake (current market cap 65B)? Companies pay oodles of money for that capabilities.
because it's recommended by nearly all consultants and Microsoft.
Simple as that, it's consulting Heaven. Much like SAS and SAP. Everybody happy.
Now to be far to databricks, if used properly and ignore the cost, it does actually function pretty well. Compared to Synapse, PowerBI Tabular, Fabric, Azure ML, ... that's already a big big big step forward.
just keep rolling out those fundraising rounds and kick the can down the road.