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Mark Chadwick of the SVS Dowgate Wealth UK Small Cap Growth fund names three stocks that offer exposure to the burgeoning big data market
The global big data and analytics market is worth $ 274bn , with around 2.5 quintillion bytes of data generated every day – a figure that is accelerating with the growth of the internet of things . Today , 95 % of businesses cite the need to manage unstructured data as a concern . Data analytics generated by businesses allows them to offer improved customer service , create personalised offers and manage risk . The market in big data analytics is set to reach $ 62bn in banking alone . The following three companies provide exposure to the broader theme .
Beeks Financial Cloud provides scalable , cloud-based ultralow latency connectivity and infrastructure services for the financial services industry . The business is founder-led and has a strong track record of growth , enjoying high levels of recurring revenue and positive monthly cashflow generation . The financial services industry has specialised requirements , meaning traditional cloud infrastructure providers are unsuitable . This means Beeks ’ services are mission critical , giving it pricing power . Its new product , Proximity Cloud , lets it meet the data security requirements of much larger institutions . This resulted in a record quarter for new customer wins and a substantial sales pipeline .
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