Big Data Analytics - Spending forecasted to continue

06 Dec. 2021 Big Data Analytics - Spending forecasted to continue According to International Data Corporation (IDC), worldwide spending on big data including business analytics (BDA) solutions is forecast to reach $215.7 billion this year and shows that BDA spending will gain strength over the next five years as the global economy recovers from the COVID-19 pandemic. The compound annual growth rate (CAGR) for global BDA spending over the 2021-2025 forecast period will be 12.8%. The huge volumes of information created and utilized for decision-making in businesses across the world today fuel the booming business of data analytics and big data companies. The list continues to grow. Workiva Inc. (NYSE: WK) is a global software-as-a-service (SaaS) company that provides a cloud-based connected and reporting compliance platform. It enables the use of connected data and automated reporting across finance, accounting, risk, and compliance. The cloud platform enables collaboration and integration into existing workstreams to simplify financial and ESG reporting. It August the company reported second-quarter results. Revenue climbed 26% to $105.6 million. In addition, it reported an adjusted profit of 7 cents a share. It has more than 3,949 customers. Wikisoft (OTCQB:WSFT) uses big data to help companies make informed career and hiring decisions and provide company knowledge via the Wikiprofile platform. In 2019 Wikisoft was uplisted to OTCQB on the New York OTC exchange. This is a big data company building success on the increasing demand for quality trusted data. Former Domino´s CEO, Carsten Falk who took over just over a year ago and has been the instigator of launching the Wikisoft investor site and relaunching the flagship Wikiprofile platform which uses big data to accelerate staff hiring. Wikisoft continually update their dataset using a proficient combination of proprietary web-crawling algorithms which comb the entire web for company and business information. Additionally, users have total control to update content when they have claimed their business or personal profile. QuantGate System Inc. (OTCQB: QGSI) is a publicly traded Fintech company operating for over 10 years, developing sophisticated Artificial Intelligence (AI), Machine Learning (ML) and proprietary big-data processing algorithms and analytics to deliver SaaS solutions and seamless API integration. Pilot Trading is a 100% wholly owned subsidiary of QuantGate. The company's core intelligence identifies investment opportunities across multiple asset classes, rooted in the financial markets, and perfected for cryptocurrency exchanges, enabling clients to make better informed investment decisions. Turnkey solutions and efficient API's, founded on robust and scalable SaaS architecture, easily allow third party integration for onboarding existing users, and scaling globally.   © 2021 Stock market news

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