Tableau Software (DATA) and Splunk (SPLK) both received buy ratings from Cantor Fitzgerald on Thursday, based on a positive outlook for the Big Data trend in technology. Analyst Brian White, in a research note, said Splunk was his top IT software pick for 2014, while calling Tableau his “top emerging tech pick for 2014.” Splunk provides software to help users mine Big Data, a term referring to the massive amounts of data being created in the
The market for Big Data technology and services is expected to reach $32.4 billion in 2017, a new report says, a trend that will benefit companies such as Splunk (SPLK) and Tableau Software (DATA). The report, from IDC, said the Big Data market will grow at a compound annual rate of 27% through 2017, about six times the growth rate for the information technology market overall. “The Big Data technology and services market represents a fast-growing
Some of tech’s biggest giants might ultimately claim the largest share of the emerging multibillion-dollar Big Data market, though they are playing catch-up. Oracle (ORCL), SAP (SAP) and Hewlett-Packard (HPQ) are scrambling to tackle Big Data and compete with nimble newcomers such as Splunk (SPLK) and Tableau Software (DATA). Big Data in general describes the large volume of data companies are accumulating from multiple sources in the digital age,