In this piece, we will take a look at the 15 biggest data science companies in USA. For more companies, head on over to 5 Biggest Data Science Companies In USA.
Big data analytics, also known as data science, is one of the hottest fields in information technology. This is due to the fact that it is nearly ubiquitous across industries, and the growth and popularity of the Internet has led to vast sums of data being generated daily for advertisers to capitalize on.
Estimates show that the amount of data that is generated globally will grow to unbelievable amounts. Research firm IDC believes that global data will grow at a stunning compounded annual growth rate (CAGR) of 61% between 2018 and 2025, to 175 zettabytes by 2025. For the uninitiated, a gigabyte of information contains 1024 megabytes, and a zettabyte has roughly 1,100 trillion megabytes – much larger than your daily Internet usage we’d assume. To better understand the significance of IDC’s estimates, if all this data was written onto blu-ray disks, then these disks could be stacked to the Moon 23 times over.
This growth has also spurred a strong interest in the field itself, with the Department of Labor estimating that the data science sector is expected to grow by 26% through 2026. Naturally, this growth will also boost salaries in the field, and the average salary for the field sits at $111,000 in the U.S. right now. Finally, looking at the sector as a whole, Markets and Markets estimates that the data science platform market was worth $95 billion last year, and between then and 2026, it will grow at a CAGR of 27.7% to be worth $322.9 billion. It further outlines that the growth in the business and finance sectors will lead the way for the industry.
Therefore, it’s fairly accurate to say that the data science sector has a great future ahead of it, and in today’s piece we have narrowed down the top data science companies. Among these, the renowned players are Alphabet Inc. (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT).
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We took a broad look at the data science industry to identify the various companies in it. These were then selected through their product portfolio strength and financial performance, following which they were ranked through Insider Monkey’s 895 hedge fund survey for the second quarter of this year.
Number of Hedge Fund Holders: 16
SAP SE (NYSE:SAP) is a German company that provides enterprise application software to allow firms to record their daily transactions, manage manufacturing and production, and run supply chain analytics. It is headquartered in Walldorf, Germany.
SAP SE (NYSE:SAP)’s fiscal third quarter results saw the firm bring in EUR11.27 billion in backlogs, indicating that there is still a strong demand for its services as global spending gets hammered by inflation and high interest rates. The company’s data analytics platform lets its customers run analytics on a petabyte scale and transform data into business insights.
Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 16 had held a stake in the company.
Out of these, Ken Fisher’s Fisher Asset Management is SAP SE (NYSE:SAP)’s largest investor. It owns 8.6 million shares that are worth $784 million.
Along with Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOGL), and Microsoft Corporation (NASDAQ:MSFT), SAP SE (NYSE:SAP) is a top data analytics stock.
Number of Hedge Fund Holders: 26
Teradata Corporation (NYSE:TDC) provides a cloud data platform for enterprise analytics that lets its customers integrate diverse sources of data under a single roof. The company is based in San Diego, California, the United States.
Teradata Corporation (NYSE:TDC) is slated to generate $400 million in free cash flow this year and the next. Despite the firm taking on heavy losses in the second quarter, due to the Russian invasion of Ukraine and a stronger U.S. dollar – factors beyond its control – Teradata Corporation (NYSE:TDC) reported that recurring revenues from subscriptions represented 80% of the firm’s $430 million of net sales.
Teradata Corporation (NYSE:TDC)’s analytics lets users manage their supply chain, finances, identity management, and sustainability. By the end of this year’s second quarter, 26 out of the 895 hedge funds polled by Insider Monkey had held a stake in the firm.
Teradata Corporation (NYSE:TDC)’s largest investor is Jean-Marie Eveillard’s First Eagle Investment Management which owns 11 million shares that are worth $424 million.
Number of Hedge Fund Holders: 40
International Business Machines Corporation (NYSE:IBM) is a technology company that provides both hardware and software to companies. The firm is headquartered in Armonk, New York, and it is one of the oldest companies of its kind after being set up in 1911.
International Business Machines Corporation (NYSE:IBM) provides a host of data analytics solutions. These include enabling its customers to use machine learning and artificial intelligence to drive insights and increase productivity and cost performance. Its products are used by some of the largest companies in the world, such as Marriott, Ancestry, and ING. The company beat analyst estimates for its third quarter earnings and reaffirmed that it aims to generate $10 billion in cash flow this year.
Insider Monkey’s 895 hedge fund survey for this year’s second quarter revealed that 40 had held a stake in International Business Machines Corporation (NYSE:IBM).
International Business Machines Corporation (NYSE:IBM)’s largest investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 2.6 million shares that are worth $372 million.
Number of Hedge Fund Holders: 47
Splunk Inc. (NASDAQ:SPLK) provides a real time data processing platform that allows users to index data, run searches, and deploy machine learning and data analytics. The firm is based in San Francisco, California, the United States.
Splunk Inc. (NASDAQ:SPLK) offers the Splunk Enterprise and the Splunk Hunk platforms for data analytics. Enterprise lets its users capture data from various organizational functions and aggregate it under the same roof, while Hunk lets them manage the data by making datasets and running queries. Additionally, Splunk Inc. (NASDAQ:SPLK)’s platform is versatile and it can be run on any machine, whether it’s on a laptop or in a data center.
Needham injected fresh life into the shares in October 2022 when it speculated that the company’s shares could be worth $120 each if it is bought by another firm. Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 47 had bought the company’s shares.
Splunk Inc. (NASDAQ:SPLK)’s largest investor is Alex Sacerdote’s Whale Rock Capital Management which owns 2.7 million shares that are worth $243 million.
Carillon Tower Advisers mentioned the company in its Q2 2022 investor letter. Here is what the fund said:
“Splunk Inc. (NASDAQ:SPLK), a leader in artificial intelligence solutions for corporate data logs and security, fell in a weak tech group. The company has been transitioning to more of a software-as-a service (SaaS) business model that has, we believe, temporarily depressed earnings and cash flow. We like Splunk’s leadership position in the industry and the company has installed a new CEO and is rolling out new features and products.”
Number of Hedge Fund Holders: 49
Delta Air Lines, Inc. (NYSE:DAL) is an American airline that is headquartered in Atlanta, Georgia. The firm provides flights all over the U.S., alongside vacation packages and maintenance services.
Delta Air Lines, Inc. (NYSE:DAL) uses a wide variety of analytics as part of its daily operations. These include developing the airline’s flight times, using baggage systems to identify mishandled bags, coordinating with handlers, and sharing real time updates with customers. Other uses include creating customer profiles to analyze trends.
By the end of this year’s second quarter, 49 out of the 895 hedge funds polled by Insider Monkey had invested in Delta Air Lines, Inc. (NYSE:DAL).
Delta Air Lines, Inc. (NYSE:DAL)’s largest investor is Alex Snow’s Lansdowne Partners which owns 4.5 million shares that are worth $132 million.
Miller Value Partners mentioned the company in its Q3 2022 investor letter. Here is what the fund said:
“Delta Air Lines, Inc. (NYSE:DAL) ($29.42) is a high-quality airline (yes, there really is such a thing!). It didn’t issue any equity in the pandemic. It focuses on delivering a superb customer experience and has brand loyalty (including a stable revenue stream from partner American Express, growing at 20%/ year). Maybe the best evidence: it’s managed to outperform the S&P 500 over the past decade despite a horrible pandemic ending point (+13.2% vs. 11.7%1 ). It trades for 4x 2024 earnings! If it eventually trades at Southwest’s historical valuation, it implies this stock should double as well.”
Number of Hedge Fund Holders: 52
VMware, Inc. (NYSE:VMW) provides cloud management, infrastructure, and digital security platforms. These include data center infrastructure and data storage platforms. The firm is based in Palo Alto, California, the United States.
VMware, Inc. (NYSE:VMW)’s business model is focused on big data and analytics, and its cloud platform supports a wide variety of platforms. These include MongoDB, ApacheHadoop, DataStax, Splunk, Greenplum, and CockroachDB. The company is also in the midst of a takeover attempt by Broadcom.
Insider Monkey studied 895 hedge fund portfolios for their June quarter of 2022 investments and discovered that 52 had held a stake in VMware, Inc. (NYSE:VMW).
Out of these, Jim Davidson, Dave Roux, and Glenn Hutchins’s Silver Lake Partners is VMware, Inc. (NYSE:VMW)’s largest investor through a $4.7 billion stake that comes via 42 million shares.
Number of Hedge Fund Holders: 55
MongoDB, Inc. (NASDAQ:MDB) provides commercial and community databases that allow users to index, query, and navigate through their datasets. The firm is headquartered in New York, New York, United States.
MongoDB, Inc. (NASDAQ:MDB)’s databases can run several analytical platforms and it combines core data functions such as personalization, fraud prevention, and predictive performance under a single roof to create application driven analytics such as aggregations, time series, and interactive charts.
As this year’s second quarter ended, 55 out of the 895 hedge funds polled by Insider Monkey had invested in MongoDB, Inc. (NASDAQ:MDB).
MongoDB, Inc. (NASDAQ:MDB)’s largest investor is Jim Simons’ Renaissance Technologies which owns 520,000 shares that are worth $134 million.
Number of Hedge Fund Holders: 67
Walmart Inc. (NYSE:WMT) is one of the largest retail chains in the world that operates supercenters, superstores, and cash and carry stores. The firm is headquartered in Bentonville, Arkansas, the United States.
Walmart Inc. (NYSE:WMT) is one of the largest users of data analytics in the world as well, as it collects petabytes of data from millions of customers every hour. Through this, the firm employs analytics to compensate customers for higher prices in the form of gift cards, map down product locations across thousands of stores, and create customer profiles.
Out of the 895 hedge funds polled by Insider Monkey during this year’s second quarter, 67 had held a stake in Walmart Inc. (NYSE:WMT).
Walmart Inc. (NYSE:WMT)’s largest investor is Rajiv Jain’s GQG Partners which owns 9.8 million shares that are worth $1.1 billion.
Number of Hedge Fund Holders: 69
Oracle Corporation (NYSE:ORCL) is an enterprise resource planning software provider that lets companies take stock of their daily transactions, plan their operations and supply chain, and communicate with other businesses.
Oracle Corporation (NYSE:ORCL)’s platforms are built around data analytics and they provide customers with the ability to deploy their models virtually or on their premises. The analytics supported by these tools include machine learning, visual representation, data navigation, and automated data preparation. Deutsche Bank raised the company’s share price target to $120 from $110 in October 2022, outlining that the firm’s public cloud will drive revenue growth.
Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 69 had owned Oracle Corporation (NYSE:ORCL)’s shares.
Oracle Corporation (NYSE:ORCL)’s largest investor in our database is Jean-Marie Eveillard’s First Eagle Investment Management which owns 25 million shares that are worth $1.8 billion.
Number of Hedge Fund Holders: 82
NVIDIA Corporation (NASDAQ:NVDA) is an American company that designs and sells graphics processing units. These are used across a variety of platforms, including those to run advanced data analytics platforms.
NVIDIA Corporation (NASDAQ:NVDA)’s GPUs are optimized for machine learning and artificial intelligence, two fields that are at the center of data science. This is due to the fact that they are able to squeeze in significantly more processing cores, which allows for more computing space for the data analytics applications to run. NVIDIA RAPIDS boosts the performance of advanced analytics by up to 20 times when compared to a similar central processing unit (CPU).
82 out of the 895 hedge funds had held a stake in NVIDIA Corporation (NASDAQ:NVDA) by the end of this year’s second quarter according to Insider Monkey’s survey.
Out of these, Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest shareholder. It owns a $1.1 billion stake that comes courtesy of 7.5 million shares.
NVIDIA Corporation (NASDAQ:NVDA) joins Alphabet Inc. (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT) in our list of hot data science stocks.
Click to continue reading and see 5 Biggest Data Science Companies In USA.
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Disclosure: None. 10 Biggest Data Science Companies In USA is originally published on Insider Monkey.
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15 Biggest Data Science Companies In USA – Yahoo Finance
In this piece, we will take a look at the 15 biggest data science companies in USA. For more companies, head on over to 5 Biggest Data Science Companies In USA.