Artificial Intelligence and Data Driven Investor Picks: US Stocks to buy


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The place of big data in contemporary technology cannot be over-emphasized. According to MarketsandMarkets, the global big data market size is expected to grow from USD 138.9 billion in 2020 to USD 229.4 billion by 2025, growing at a CAGR of 10.6% during this period.

Companies like Tesla, Alphabet, and Facebook that uses big data to develop new technologies with great growth potential, than in pure big data/data analytics companies.

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IDC expects total spending on AI systems to reach $97.9 billion in 2023, up from $37.5 billion in 2019. For the five-year period ending in 2023, IDC sees a compound annual growth rate of 28.4%.

With the market already large and growing quickly, there’s room for plenty of companies to profit from AI. While picking stocks in a growth industry comes with a lot of uncertainty, NVIDIA, IBM, Micron, and Amazon are all AI stocks worth considering.

Today, Amazon uses artificial intelligence for everything from its industry-leading voice-activated technology, Alexa, to its Amazon Go cashierless grocery stores, to Amazon Web Services Sagemaker, the cloud infrastructure tool that deploys high-quality machine learning models for data scientists and developers.

https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/

Top publicly-traded Big Data/Data Analytics Companies

If you are interested in Big Data/Data Analytics stocks, here are the top publicly-traded Big Data/Data Analytics Companies to consider:

1. Splunk

Splunk Inc. develops and markets software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company offers Splunk Enterprise, a real-time data platform, which include collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud, a cloud service for machine data.

2. Elastic N.V.

Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications.

It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization

3. Alteryx

Alteryx, Inc. provides end-to-end analytics platform for data analysts and scientists worldwide.

Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

4. MongodDB

MongoDB, Inc. operates as a general purpose database platform worldwide.

The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services, such as consulting and training.

5. Datadog

Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally.

The company’s SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.

6. Workivia

Workiva Inc., together with its subsidiaries, provides connected reporting and compliance platform worldwide.

The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and Wdata, which includes data integration and preparation tools that enables customers to connect data from enterprise resource planning, governance risk and compliance, and customer relationship management platforms, as well as from other third-party cloud and on-premise systems.

7. Cloudera

Cloudera, Inc. provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services.

It offers Cloudera Enterprise Data Hub that allows companies to execute various analytic functions against a shared set of governed and secures data in public and private clouds, and data centers; Cloudera Data Warehouse, a hybrid cloud solution for self-service analytics; Cloudera Data Science and Engineering enables users to streamline, simplify, and scale big data processing; and Cloudera Operational DB that enables stream processing and real-time analytics on continuously changing data.

8. Talend S.A.

Talend S.A. provides data integration and integrity solutions for various industries in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

It designs and develops Talend Data Fabric, a software platform that integrates data and applications in real time across big data and cloud environments, as well as traditional systems, which allows organizations to develop a unified view of their business and customers.

9. New Relic

New Relic, Inc., a software-as-a-service company, provides platform that companies use to build, develop, and operate their digital businesses worldwide.

It offers a suite of products on its open and extensible cloud-based platform, New Relic One Platform, which enables users to collect, store, and analyze telemetry data flowing through and about their software.

It provides prebuilt dashboards and visualizations, as well as the ability to search across data types, create customized dashboards, and build applications that can be shared and customized by other users.

10. Snowflake

Snowflake Inc. provides cloud-based data platform in the United States and internationally.

The company’s platform enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of various sizes in a range of industries.

The company was founded in 2012 and is headquartered in San Mateo, California.

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