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Big Data is an important part of the global economy because of the increasing adoption of digitalization across economic sectors.


Big Data, in association with innovative technologies such as Artificial Intelligence and Machine Learning, is fueling what is better known as The Fourth Industrial Revolution. One of the most powerful technology trends is Big Data analytics which is reshaping many business processes and operations globally.


Today more than 2.5 quintillion bytes of data are being generated, daily. With such enormous volumes of data, businesses are moving into Cloud computing storage options. One of the most innovative data warehouses is Cloud based data storage solution Firebolt. Firebolt is a high growth Cloud Data Warehousing company that helps users streamline their data analytics and access information from any location. Firebolt is 4000 to 6000 times faster than other Cloud Data Warehouse providers like Snowflake or Amazon.


According to Forbes, 90% of the world’s data was generated in the last two years, but only less than 1% of that was processed and analyzed. Unlocking the potential of Big Data is critical for businesses to stay competitive by minimizing risks and improving performance.


Starburst is one of the hottest companies in the data analytics space: its strength is its ability to allow different teams to analyze data easily and from different databases, reducing the time to access information. Today companies generate a huge amount of data, every day. And the need for faster analytics on decentralized data helped Starburst achieve a 3x YoY growth in annual recurring revenue, 122% YoY customer growth, and 61% YoY employee growth, as reported by the company in the most recent quarter.


As critical as Big Data is today, its impact will be even larger in the future: The global big data analytics market was valued at $240.56bn in 2021 and it is projected to grow from $271.83bn in 2022 to $655.53bn in 2029.

 

The information in this article should not be regarded as a description of services provided by Delian Partners SA. The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry. The views reflected in this article are subject to change at any time without notice.

Today, Software-as-a-Service refers to a huge number of digital solutions that allow companies to externally manage, own, and deliver software, and represents one of the fastest-growing segments of the economy.


SaaS uses the Cloud infrastructure to store data and allow users to access the service via the internet browser, from everywhere and without the need to download anything. One of the major benefits is that software never goes out of date, just keeps getting updated.


SaaS penetration has accelerated in recent years, disrupting almost every sector and vertical you can think of. E.g., Netflix has become the leader of the SaaS providers in the entertainment industry, with a subscription-based streaming service providing users with an infinity of movie and tv series accessible from any device, notably bankrupting established market leader Blockbuster Inc. In recent years many other companies embraced the Netflix business model and introduced their streaming services, such as Disney+, Amazon Prime Videos, and Sony LIV.



Tekion is disrupting the automotive industry by providing the first and fastest cloud-based and end-to-end automotive SaaS platform, including all functionalities of a dealer management system (DMS). Tekion was founded by the former CIO of Tesla, who was responsible for building Tesla’s digital and information systems and software platform of the EVs company. When he launched Tekion, he aimed to make the car buying experience more efficient while increasing profitability.


Tekion provides dealers with the IT infrastructure through which they can manage inventory, keep track of customers’ leases, sell additional services to clients, and review loan options. By efficiently communicating with all the key stakeholders in the automotive sector – dealers, car manufacturers, and customers- the platform provides a rich and unified consumer experience while avoiding losing valuable information. In addition, the platform keeps updating over time thanks to cutting-edge technologies such as Machine Learning, Artificial Intelligence, and IoT. Tekion’s shareholders include established automotive companies such as Hyundai, BMW, and General Motors.



Because of the huge amount of data to be stored in the cloud, companies may experience difficulties in managing and monitoring all the flows of information. End-to-end software Datadog helps companies by providing an integrated monitoring and analytics platform to process information in real-time and across different clouds. Flexibility and accessibility today are not just a benefit, but a mandate for companies that want to scale up globally and be able to adapt their business to rapid environmental changes. Datadog is used by companies of all sizes and industries, and it aims to increasingly democratize the use of the various tools offering an integrated interface where different teams can create, monitor, and gain valuable metrics on the company’s activities.



As reported by Gartner, the SaaS industry is worth about $145bn, and it is expected to experience its largest annual growth in 2022, reaching a value of $171.9bn by the end of the year. The benefits of the SaaS model are evident, and many companies are making the transition to a subscription-based service: By 2026, it is predicted that 50% of organizations will integrate SaaS application.


 

The information in this article should not be regarded as a description of services provided by Delian Partners SA. The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry. The views reflected in this article are subject to change at any time without notice.

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