7 Big Data Stocks to Buy for 2019 Posted on : Dec 07 - 2018

The Big Data market is likely to grow for the long haul. Let’s face it, the world is undergoing an explosion of data, such as from smartphones, IoT (Internet-of-things), wearables, AI (Artificial Intelligence) and machine learning.

Actually, 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. But what are the best stocks to buy in the category?

The good news is that the recent wave in IPOs has provided investors a group of next-generation players to choose from. So here’s a look at seven:

Yext (YEXT)

Yext (NYSE:YEXT) operates a knowledge platform, which includes a network of about 150 data providers like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Facebook (NASDAQ:FB) and Apple (NASDAQ:AAPL). For the most part, the company organizes data in ways to help businesses achieve goals, such as getting more customers or providing a better service.

At the heart of this is intelligent search, which is based on context and intent. There is also AI (Artificial Intelligence) that helps provide more relevant results.

The next generation of this technology, called Yext Brain, launched in late October. The system allows customers to sync their data with AI-enabled services like search, voice assistants and chatbots.

In terms of growth for YEXT, it has been robust. During the latest quarter, revenues jumped by 33% to $58.7 million. The company also snagged nearly 80 new enterprise customers. View More