10 Top Big Data/Data Analytics Stocks to Buy

Data is the new gold. Big Tech will go beyond limits for data. The likes of Facebook and Google have both been penalized for going beyond the limit in their quest to acquire more data, users’ data in their case.

It is not for nothing that technology, which is the fastest-growing sector, relies heavily on big data. No artificial intelligence without big data. No self-driving tech without big data. 5g technology will be useless without big data.

Big data and proper data analytics are the bedrock of modern tech. And it’s no wonder, data has been declared the new gold, the new currency, and the new crude oil.

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.

Looking at how fundamental big data and data analytics is to contemporary and future technology, it only makes sense for growth seeking investors to try and get a slice of the big data/data analytics action.

Personally, I will prefer investing in 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.

Tesla and Alphabet’s Waymo for instance, are the top two self-driving car companies in the world, and their advances in the self-driving technology world are powered by big data and data analytics. Furthermore, the potential of the self-driving market, which these two companies can potential crack is enormous.

Checkout: Best Cloud Computing Stocks 2024

However, there are companies that are pure big data/data analytics companies: Companies that develop and market a system/software that enables the collection and analysis of big data.

Moreover, pure big data/data analytics companies have a significant growth trajectory as the market they play in has promising potentials.

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.

It also provides Splunk Enterprise Security that addresses security threats and information, and event management use cases; SignalFx, which provide real-time observability and troubleshooting for cloud infrastructure and applications; Splunk IT Service Intelligence that monitors health and key performance indicators of critical IT and business services; Splunk Phantom that automates and orchestrates incident response workflows; VictorOps for collaboration and IT issue resolution; Splunk Data Stream Processor, which collects, process, and distribute data with real-time stream processing; and Splunk Data Fabric Search that enables highly complex and high-performance searches of massive datasets.

In addition, the company provides Splunk App for Amazon Web Services that collects and analyzes data from amazon web services data sources; Cisco Firepower App for Splunk that Incorporates advanced visualizations and investigative capabilities for Cisco Firepower and Firepower Management Console; Splunk Machine Learning Toolkit, which Includes custom visualizations and guided workflows; Splunk Connected Experiences that provides access to data, alerts, and actions on mobile and connected devices; and Splunk apps and add-ons.

Further, the company offers application programming interfaces and software development kits; and maintenance and customer support, training, and consulting and implementation services, as well as operates Splunkbase and Splunk Answers Websites.

Splunk Inc. was incorporated in 2003 and is headquartered in San Francisco, California.

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.

The company’s Elastic Stack product comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the Elastic Stack; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems.

It also provides software solutions on the Elastic Stack that address cases, including app search, site search, workplace search, logging, metrics, application performance management, business analytics, and security analytics.

Its products are used by individual developers and organizations of a range of industries.

The company was founded in 2012 and is headquartered in Mountain View, California.

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.

The company also offers Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository; and Alteryx Community, which allow users to gain valuable insights in its platform.

In addition, it provides technical support, instruction, and customer services.

The company was formerly known as Alteryx, LLC and changed its name to Alteryx, Inc. in March 2011. Alteryx, Inc. was founded in 1997 and is headquartered in Irvine, California.

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.

The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was founded in 2007 and is headquartered in New York, New York.

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.

Its platform also provides user experience and network performance monitoring, and various shared features, such as sophisticated dashboards, advanced analytics, collaboration tools, and alerting capabilities.

The company was founded in 2010 and is headquartered in New York, New York.

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.

It serves public and private companies, government agencies, and higher-education institutions.

Workiva Inc. was founded in 2008 and is headquartered in Ames, Iowa.

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.

The company also provides Hortonworks Data Platform, a data management platform that helps organizations to securely store, process, and analyze various data assets; Cloudera DataFlow, a data platform that collects, curates and analyzes data; Cloudera Data Science Workbench that enables self-service data science for the enterprise; and Cloudera Altus, a platform-as-a-service offering.

 In addition, it offers Cloudera SDX, a solution that enables common security, governance, lineage, and metadata management for multiple analytics functions; and Cloudera Workload XM, an analytic workload experience management cloud service.

Further, the company provides consulting, professional, and education services. It serves corporate enterprises and public sector organizations primarily through its direct sales force.

The company was founded in 2008 and is headquartered in Palo Alto, California.

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.

The company’s Talend Data Fabric platform includes data ingestion, data integration, big data integration, application and cloud integration, data catalogue, and API design and testing, as well as self-service data preparation products; and Stitch Data Loader, a cloud-based data ingestion engine. It also provides professional services, such as strategic enterprise architecture advisory services, implementation support, and private technical training courses.

The company sells its products directly to customers through its sales force, as well as through indirectly channel partners. Talend S.A. has a strategic partnership with HVR for integrating data for business operations and analytics.

The company was founded in 2005 and is headquartered in Suresnes, France.

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.

The company offers customers with software code to add to their applications and infrastructure; open data application performance interfaces, and software development kits, as well as open source connectors and technologies for customers, partners, and third-party developers to extend its platform into their products; cloud-based architecture and big data database; and New Relic Application Performance Monitoring, Mobile, Browser, Synthetics, Infrastructure, and Insights products for analyzing data.

It also provides New Relic chart builder, dashboards, and programmability features that allow customers to use connected data to build visuals; New Relic Applied Intelligence to spot abnormal behavior across billions of pieces of data; and New Relic Alerts, which provides a centralized notification system.

It sells its products through direct sales organizations, and online and offline sales.

The company was founded in 2007 and is headquartered in San Francisco, California.

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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