Big Data is offering multi-billion-dollar investment potential. After all, with an explosion of data on smartphones, the Internet of Things, artificial intelligence, and machine learning, it comes as no shock the Big Data market could be worth $103 billion by 2027. According to Ritz Herald, that’s more than double the market size of 2018.
“One of the major impacts that big data has on businesses is the growing amount of data generated due to the increased reliance on the internet and the rapid advancement in technology. In fact, a report by Seagate IDC forecast that the global data sphere will reach 175 zettabytes by 2025,” they added. That growing need for Big Data is creating sizable opportunity for companies such as Datametrex AI Limited (TSXV:DM)(OTC:DTMXF), Alphabet Inc. (NASDAQ:GOOG), IBM (NYSE:IBM), Splunk Inc. (NASDAQ:SPLK), and Alteryx Inc. (NYSE:AYX).
Datametrex AI Limited (TSXV:DM)(OTC:DTMXF) BREAKING NEWS: Datametrex AI Limited announced that it has entered into a sales agreement with SeeS Solutions Inc. Under the terms of the agreement, SeeS will utilize Datametrex’s technologies as an automated operating solution for its large corporate customers like Samsung Electronics and Samsung SDI as well as several banks and insurance companies for approximate sales of $2.6 million per annum. The Company continues to work towards establishing partnerships to advance the Companies AI product portfolio and further monetize its value.
Datametrex’s research and analysis platform is designed to help clients extract actionable insights from reams of data. It can comprehend and extract actionable insights from unstructured data such as social media posts, news articles, or any other unstructured text. As a leading provider of social media research technology and consulting services, the Company offer clients a variety of strategies allowing them to benefit from the advanced analytical power of our proprietary social data mining and analysis engine.
“At Datametrex we continue to execute on our strategy of increasing software sales through long term customer partnerships,” said Marshall Gunter, CEO of Datametrex. “We are working diligently in the background and are thrilled to finally announce this partnership as another step in our growth trajectory.”
With the slogan of “The Best Solution for Your IT Business” by presenting a future-oriented IT paradigm to their customers, SeeS is becoming a leading company in the domestic IT business automation solution and a global company through overseas expansion. SeeS organizes expert groups for each business unit and then into specialized personnel. They have established a system that can conduct business smoothly, centering on experts in specialized systems. The solution is divided into three categories; automated server operation, simple repetitive tasks in server operation, and automatic work processing to prevent human error.
According to the study Contract Management Software Market - Global Forecast to 2024 by Market and Markets published on October 2019, small and medium-sized businesses with less than 1,000 employees will have the highest annual growth rate for software implementations over the next four years. This number can be potentially higher today, as the world continues to adapt to the COVID-19 pandemic. More organizations are making the immediate shift to employ big data analytics as part of managing their risk and Datametrex is committed to serving those interested in adding a layer of protection through its technologies.
Other related developments from around the markets include:
Alphabet Inc. (NASDAQ:GOOG) announced financial results for the quarter ended March 31, 2020. “Given the depth of the challenges so many are facing, it’s a huge privilege to be able to help at this time,” said Sundar Pichai, Chief Executive Officer of Alphabet and Google. “People are relying on Google’s services more than ever and we’ve marshalled our resources and product development in this urgent moment.” “Our business, led by Search, YouTube, and Cloud, drove Alphabet revenues to $41.2 billion, up 13% versus last year, or 15% on a constant currency basis,” said Ruth Porat, Chief Financial Officer of Alphabet and Google. “Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues. We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities.”
IBM (NYSE:IBM) Watson Health announced its 2020 Fortune/IBM Watson Health 100 Top Hospitals list and 15 Top Health Systems award winners, naming the top-performing hospitals and health systems in the U.S. Extrapolating the results of this year's studies, if all Medicare hospitalized patients received the same level of care as those treated in the award-winning facilities, more than 100,000 additional lives and billions of dollars in inpatient costs could be saved. The lists of the top hospitals and health systems were published by Fortune. "Hospitals, health systems and the dedicated clinicians and staff who work at these organizations have emerged as true heroes of the COVID-19 pandemic and we are grateful to be able to recognize these extraordinary leaders at this time," said Kyu Rhee, M.D., M.P.P., Vice President and Chief Health Officer, IBM Watson Health. "From small community hospitals to major teaching hospitals, the organizations on this list demonstrate a relentless commitment to high-value, patient-centered care and innovation. It is clear that the COVID-19 crisis will be a catalyst for reinvention, and we believe these top performing hospitals are positioned to emerge stronger and smarter out of this crisis."
Splunk Inc. (NASDAQ:SPLK) provider of the Data-to-Everything Platform, today announced it was ranked No. 1 for 2019 market share and market revenue in IDC’s Worldwide IT Operations Management Software Market Shares, 2019.* This is the second year in a row Splunk was named the leader in IDC’s annual report, evaluating Splunk’s IT offerings including Splunk IT Service Intelligence (ITSI), Splunk App for Infrastructure, Splunk Cloud, SignalFx Infrastructure Monitoring and SignalFx Microservices APM. Download the IDC Worldwide ITOM Software Market Shares, 2019 on the Splunk website. In the report, Splunk is No. 1 for the entire ITOM market with 13% market share, ahead of other vendors including Microsoft, IBM, Cisco, Broadcom and New Relic. According to IDC, Splunk displayed strong growth of 32.3% from 2018, achieving the largest increase in market revenue among ITOM vendors. IDC estimates the worldwide ITOM market grew by 16.4% from 2018 and is valued at $11.5 billion. “As networks are becoming more complex and teams are increasingly transitioning to working remotely, IT teams need solutions that help them build effective operation centers. Splunk’s IT solutions help teams meet these new demands and continually evolve in their data and IT management journey,” said Kia Behnia, vice president, IT Operations, Splunk. “Splunk’s top position in the report is the result of our continued innovation and transformation in this evolving IT landscape, and putting the needs of our customers at the forefront.”
Alteryx Inc. (NYSE:AYX) , a leader in analytic process automation (APA), introduced new product innovations that deliver the ease-of-use and performance the platform is known for, including Alteryx Analytics Hub, a new product to extend the power and value of the Alteryx APA Platform, and Alteryx Intelligence Suite, a new predictive modeling add-on for Alteryx Designer. Both offerings help fuel rapid digital transformation by delivering on the promise of APA, transforming how businesses leverage their data assets, optimize their processes and upskill talent in a unified, human-centered platform. "Quality data insights are no longer a nice-to-have; they are a must-have for data workers in all parts of an organization. The innovation in our latest release places the power of discovery and prediction into the hands of all data workers, without technical acumen or specialized skills. Making data accessible to anyone, removing tedious manual processes and helping people learn inside the platform allows organizations to make better decisions faster," said TJ Williams, vice president of product at Alteryx. "These innovations are a direct result of the feedback we received from our customers and community members, and we are excited to see how they further advance their skills to tackle increasingly complex analytic challenges."
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