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The Growing Need for Data Analytics


News provided by

FinancialBuzz.com

24 Oct, 2016, 12:50 GMT

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LONDON, October 24, 2016 /PRNewswire/ --

New York, NY (10/24/2016) http://www.Financialbuzz.com - A new research report from Transparency Market Research, indicates that the global big data market is expected to move from US$6.3 billion in 2012 to US$48.3 billion by 2018. This represents an astronomical growth of 40.50% CAGR for the global big data market. This growth can be explained by the increasing penetration of the Internet, particularly in emerging economies, and the increasing digitization of several industries. IDdriven Inc. (OTC: IDDR), Helios and Matheson Analytics Inc. (NASDAQ: HMNY), Red Hat Inc. (NYSE: RHT), Microsoft Corporation (NASDAQ: MSFT), International Business Machines Corp. (NYSE: IBM)

Data is valuable. Properly analyzing large data can reveal information that is crucial to constructing an efficient business plan. Data can reveal consumer behavior and how a company's product pipeline can be improved to maximize demand. Data can be broken down to regional or demographic characteristics, to show a company which regions and which population groups to target for better profits. Overtime, the popularity of social media has substantially increased the diversity of data being generated online. Since different types of data reveal different insights about a business, big data management has become a major concern of many companies.

IDdriven Inc. (OTCQB: IDDR) is an enterprise software company that has developed and is now launching the next generation in Identity and Access Management ("IAM") enterprise solutions into a demand driven market. The company's flagship product, IDdriven, is a next-gen hybrid cloud-based solution and a new software delivered as a service (Software as a Service or "SaaS"). The software is flexible, with a wide array of features, including Access Management, License management, Risk Management, Reporting, and more.

Last week, IDdriven Inc. announced it has been awarded with a contract from a government-owned West European utility company with about one thousand employees. This is a one-year contract, with automatic renewals, through a formal Request for Proposal (RFP) process, which is a months-long and a very competitive bidding process with due diligence conducted by the customer. It was revealed that the customer has implemented Phase I of the IDdriven solutions for identity and access management including life cycle management, reporting, facility access and related security functions across its divisions.

Chief Executive Officer of IDdriven Inc., Arend Verweij, commenting on the contract, "After competing directly against a lineup of IAM and IDaaS industry '800-pound gorillas', this is a big win for IDdriven… With a growing pipeline of valuable new business prospects, and having announced our new US Sales Director last month, we have strong marketplace momentum and expect our sales to accelerate now and throughout 2017."

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) is an information technology services company, which offers its clients a suite of services of predictive analytics in the areas of application value management, application development, integration, independent validation, infrastructure and information management. Earlier in July the company announced that it has received Nasdaq Hearings Panel, which granted the request for continued listing on The NASDAQ Stock Market. The company's clients include Fortune 500 corporations.

Red Hat Inc. (NYSE: RHT) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Last week the company announced an alliance with Ericsson to deliver fully open source and production-ready cloud infrastructure, software-defined networking (SDN) and software-defined infrastructure (SDI). Ericsson and Red Hat are working together to enable customers to embrace the opportunity presented by the Internet of Things (IoT).

Large technology conglomerates like Microsoft Corporation (NASDAQ: MSFT) and International Business Machines Corp. (NYSE: IBM) have been shifting their investments from infrastructure technologies to analytics focused software, getting value out data. IBM, and Microsoft have all made multiple acquisitions in the analytics area in 2015. IBM's deals were focused on building Watson's cognitive computing platform. Watson is an artificially intelligent computer system capable of answering questions posed in natural language.  The acquisitions include domain expertise with healthcare data and analytics.

One of Microsoft's most important acquisitions in 2015 is of Metanautix, a company specializing in helping large corporations filter through their enormous data collections. Metanautix's buyout fits into the company's bigger plan to build "the intelligent cloud," one of three key investment areas chief executive officer Satya Nadella.

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About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and pr marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has been compensated six thousand dollars for financial news pr services by a non-affiliated third party for iddriven inc. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on this site along with other financial news pr media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:

Media Contact: Danny A, info@financialbuzz.com, +1-877-601-1879

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