RE: Fastbase RNS14 Dec 2018 09:30
https://globenewswire.com/news-release/2018/12/13/1666857/0/en/The-Big-Data-Stock-to-Buy-for-2019.html
Extract:
"The Big Data market is likely to grow for the long haul reaching $118.52 billion by 2022, growing at a CAGR of 26% from 2015 to 2022. Our world is undergoing an explosion of data from smartphones, IoT (Internet-of-things), wearables, AI (Artificial Intelligence) and machine learning. Demand for advanced analytics among applications of big data creates ample opportunities for vendors in this market.
For just about any company to compete and thrive nowadays, there needs to be a Big Data focus. It's a strategic imperative. According to research from Statista, global spending is expected to go from $42 billion in 2018 to $103 billion by 2027. In other words, there is substantial opportunity for investors.
George Lee, chief information officer of the Investment Banking Division at Goldman Sachs, discusses how big data is transforming industries and revolutionizing decision making for companies everywhere. Lee explains, "Ninety percent of the world's data has been created in the last two years...the ultimate question is really what insight and value can we draw from that data."
For investors looking for new tech stocks with growth potential that also provide the insights and values from big data, we suggest looking no further than the SaaS analytics leader, Fastbase, Inc. Launched in 2016, Fastbase, Inc. represents one of the top private companies that we believe will have the biggest upside in 2019 from their current price. The web analytics leader has already achieved massive success by providing more than 1 million companies, including Fortune 500 businesses and global brands, with invaluable website visitor data, attracting attention from large investment firms."
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