In this piece, we will take a look at the fifteen biggest data mining companies in the world. For more companies, head on over to 5 Biggest Data Mining Companies in the World.
Data mining is one of the most important industries today, particularly when it comes to corporate functioning. Modern day businesses generate unfathomable amounts of data daily, and this information is useless unless the right set of tools is used to generate and deliver insights.
The process, called data mining, is crucial to the operation of both large and small businesses. Its importance is clear when we take a look at market value and growth estimates. This market rivals the value of established and dominating industries such as crude oil, with a research report from Fortune Business Insights outlining that the process mining software market will be worth $933 million by the end of this year, and despite this sizeable value, it will nevertheless grow at a compounded annual growth rate (CAGR) of 49.5% to sit at a whopping $15,546.4 million by 2029. Process mining is similar to data mining, and it involves using tools to specifically map out business processes and generate insights for improvement. The growth and scope of the industry are understood better when statistics are taken into account.
As Fortune Business Insights states, according to Accenture, 88% of businesses that used machine learning saw a 200% improvement in their operations. Machine learning is an advanced form of data mining that leverages large data sets to decipher patterns. These are then used to predict future outcomes, such as banking fraud or equipment downtimes and failures. According to the research firm, Europe will dominate the sector in terms of market value, while North America will be the fastest growing. These conclusions are in stark contrast with estimates for other segments that have often pegged Asia Pacific as the fastest growing region for a variety of industries such as consumer technology.
This article casts a wide net and it looks at a host of data mining companies, such as those which provide the software and those that power the software with the hardware along with others that utilize data mining for their daily operations. Some data mining names likely to catch your eye include Alphabet Inc. (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT).
Photo by Luke Chesser on Unsplash
Our Methodology
We studied the data mining industry in depth to sift out the relevant firms. These are ranked through hedge fund sentiment gathered via Insider Monkey’s Q3 2022 database covering 920 funds.
Biggest Data Mining Companies in the World
15. SAP SE (NYSE:SAP)
Number of Hedge Fund Holdings: 17
SAP SE (NYSE:SAP) is a German company that provides enterprise resource planning (ERP) software. This enables companies to gather data from their daily operations and run different data mining models on it. The firm is headquartered in Walldorf, Germany.
SAP SE (NYSE:SAP)’s platforms allow users to rely on data mining for generating new conclusions and information from their data sets. Some data mining methods supported by the firm include decision tree models, clustering, score tables, and ABC classification.
Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 17 had bought SAP SE (NYSE:SAP)’s shares. Out of these, Ken Fisher’s Fisher Asset Management is SAP SE (NYSE:SAP)’s largest investor through a $549 million stake that comes via 6.7 million shares.
Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOGL), and Microsoft Corporation (NASDAQ:MSFT) are met by SAP SE (NYSE:SAP) in our list of the biggest data mining companies.
14. Teradata Corporation (NYSE:TDC)
Number of Hedge Fund Holdings: 25
Teradata Corporation (NYSE:TDC) enables businesses to consolidate their data sources under a single platform to reduce redundancies and simplify analysis. The firm is headquartered in San Diego, California.
Teradata Corporation (NYSE:TDC) offers its customers a suite of software that is called Teradata Data Mining Services. This package lets them employ business analysts, analytic modelers, and data warehouses to develop and deploy intelligence as well as create the right intelligence infrastructure.
25 out of the 920 hedge funds part of Insider Monkey’s survey for this year’s September quarter had invested in Teradata Corporation (NYSE:TDC). Teradata Corporation (NYSE:TDC)’s largest shareholder is Jean-Marie Eveillard’s First Eagle Investment Management, which owns nine million shares worth $282 million.
13. UiPath Inc. (NYSE:PATH)
Number of Hedge Fund Holdings: 26
UiPath Inc. (NYSE:PATH) is an American firm that provides automation software that enables firms to integrate robotic operations into their daily functioning and analyze data generated from this. It is headquartered in New York.
UiPath Inc. (NYSE:PATH)’s platform enables users to pick which of their processes will benefit the most from automation, use key performance indicators (KPIs) to evaluate and monitor the processes and create actionable insights for outcomes such as cost savings.
By the end of 2022’s third quarter, 26 out of the 920 hedge funds polled by Insider Monkey had held a stake in UiPath Inc. (NYSE:PATH). UiPath Inc. (NYSE:PATH)’s largest investor is Catherine D. Wood’s ARK Investment Management, which owns 46 million shares worth $581 million.
12. Hewlett Packard Enterprise Company (NYSE:HPE)
Number of Hedge Fund Holdings: 36
Hewlett Packard Enterprise Company (NYSE:HPE) is the enterprise arm of HP which lets businesses deploy data center infrastructure to leverage big data analytics. The firm is based in Houston, Texas.
Hewlett Packard Enterprise Company (NYSE:HPE) lets customers use industrial Internet of Things (IoT) gadgets to consolidate information about their daily operations under a single platform. It also lets firms use artificial intelligence for delivering operational acumen, for use cases involving manufacturing, and ranging from the cloud to the edge.
As part of their Q3 2022 investments, 36 out of the 920 hedge funds profiled by Insider Monkey had invested in Hewlett Packard Enterprise Company (NYSE:HPE). Hewlett Packard Enterprise Company (NYSE:HPE)’s largest investor is Richard S. Pzena’s Pzena Investment Management, which owns 30 million shares worth $362 million.
11. Alteryx, Inc. (NYSE:AYX)
Number of Hedge Fund Holdings: 40
Alteryx, Inc. (NYSE:AYX) is a business analytics automation software provider. The company lets firms profile, prepare, and blend their data. It is headquartered in Irvine, California.
Alteryx, Inc. (NYSE:AYX) provides a host of data analytics and other solutions as part of its services. These include data mining, simulation, multivariate analysis, visualization, machine learning, forecasting, and optimization. The use cases for these cover nearly every business function such as finance, marketing, and human resources, with Alteryx, Inc. (NYSE:AYX) letting customers determine outcomes such as employee flight risk and supply chain automation.
Insider Monkey’s September quarter of 2022 survey covering 920 hedge funds revealed that 40 had held a stake in Alteryx, Inc. (NYSE:AYX). Out of these, Brian Bares’ Bares Capital Management is Alteryx, Inc. (NYSE:AYX)’s largest shareholder through a $163 million stake that comes via 2.9 million shares.
10. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holdings: 40
International Business Machines Corporation (NYSE:IBM) is one of the oldest technology firms in the world. The firm provides cloud computing software and other services to businesses. It is headquartered in Armonk, New York.
International Business Machines Corporation (NYSE:IBM) database warehouse extends to data mining with the Intelligent Miner software development kit. This enables users to use structured query language (SQL) to sift through data and apply data mining models such as association and sequence rules, naive Bayes, regression, and decision trees.
40 out of the 920 hedge funds polled by Insider Monkey for their Q3 2022 investments had held a stake in International Business Machines Corporation (NYSE:IBM). International Business Machines Corporation (NYSE:IBM)’s largest shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital, which owns 4.3 million shares worth $515 million.
9. Splunk Inc. (NASDAQ:SPLK)
Number of Hedge Fund Holdings: 46
Splunk Inc. (NASDAQ:SPLK) is a software platform provider that lets users generate real time data and insights alongside managing their infrastructure security.
Splunk Inc. (NASDAQ:SPLK)’s platform enables customers to run data mining for different analytical use cases, including predictive analytics. This involves using patterns present in existing data to generate future scenarios and is used in different sectors such as finance and retail.
By the end of this year’s third quarter, 46 out of the 920 hedge funds polled by Insider Monkey had invested in Splunk Inc. (NASDAQ:SPLK). Splunk Inc. (NASDAQ:SPLK)’s largest investor is Alex Sacerdote’s Whale Rock Capital Management, which owns 2.3 million shares worth $176 million.
8. VMware, Inc. (NYSE:VMW)
Number of Hedge Fund Holdings: 63
VMware, Inc. (NYSE:VMW) is a cloud management, infrastructure security, networking, and digital workspace provider. The firm is based in Palo Alto, California.
VMware, Inc. (NYSE:VMW) aids its customers across the process of developing and deploying data mining platforms. These let them find the right solution within budget, leverage server capacity and up time for processing, and navigate between different platforms to avoid or secure the right platform lock in.
As part of their third quarter of 2022 investment portfolios, 63 out of the 920 hedge funds polled by Insider Monkey had bought VMware, Inc. (NYSE:VMW)’s shares. Jim Davidson, Dave Roux, and Glenn Hutchins’ Silver Lake Partners is VMware, Inc. (NYSE:VMW)’s largest investor through a $4.4 billion stake that comes via 42 million shares.
7. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holdings: 67
Oracle Corporation (NYSE:ORCL) is an American company that provides several software and cloud products, including enterprise resource planning (ERP) solutions. It is headquartered in Austin, Texas.
Oracle Corporation (NYSE:ORCL) provides data mining algorithms for clustering, classification, regression, anomaly detection, and market basket analysis, among others. It also lets users run SQL scripts to mine their data through an application programming interface (API).
67 out of the 920 hedge funds surveyed by Insider Monkey for their Q3 2022 investment portfolios had held a stake in Oracle Corporation (NYSE:ORCL). Jean-Marie Eveillard’s First Eagle Investment Management is Oracle Corporation (NYSE:ORCL)’s largest shareholder. It owns 25.9 million shares worth $1.5 billion.
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holdings: 89
Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American semiconductor firm that sells graphics and central processing units. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s EPYC processor lineup forms the backbone of large scale data centers that sit right at the heart of data mining. These processors reduce deployment costs and space, and they are also optimized to run big data software instances such as AWS R5a/R5d and IBM Cloud Bare Metal.
By the end of this year’s September quarter, 89 out of the 920 hedge funds part of Insider Monkey’s research had held a stake in Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor is Ken Fisher’s Fisher Asset Management, which owns 19 million shares worth $1.2 billion.
Advanced Micro Devices, Inc. (NASDAQ:AMD) joins Alphabet Inc. (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT) in our list of the world’s biggest data mining companies.
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Disclosure: None. 15 Biggest Data Mining Companies in the World is originally published on Insider Monkey.
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