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10 Data Analytics Companies To Watch In 2019

The business analytics industry is crowded with established companies and startups – all offering technology to help manage big data business analytics challenges. Here are 10 companies that we're keeping an eye on in 2019.

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Snowflake Computing

Top Executive: Bob Muglia, CEO

Businesses and organizations have been steadily adopting the concept of moving their data warehouse operations to the cloud in recent years. Cloud-based data warehousing is forecast to be a $20 billion market in 2020, up from $14 billion in 2017.

While industry behemoths like Amazon Web Services and Oracle are competing in this market, San Mateo, Calif,-based Snowflake Computing, a provider of cloud-native data warehousing services, has emerged as the cloud data warehouse mindshare leader.

Snowflake, founded in 2012, went live with its cloud data warehouse services in 2015 and it's been on an upward trajectory ever since. While the privately held company doesn't disclose sales, the roster of its 1,000-plus customers includes Netflix, Office Depot, Ebates and Yamaha.

Some of the aura around Snowflake is due to the astounding amount of venture capital the company has raised – including $263 million in January and $450 million in October (for a total of $923 million since its founding) – and a pre-money valuation of $3.5 billion.

The move to cloud-based data warehouse systems will undoubtedly continue – even accelerate – in 2019. As more companies jump into this space, the question will be whether Snowflake can maintain its momentum.

 
 
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