15 Biggest Data Science Companies In USA

Published on October 28, 2022 at 6:48 am by Ramish Cheema in Lists, News

In this piece, we will take a look at the 15 biggest data science companies in USA.

Big data analytics, also known as data science, is one of the hottest fields in information technology. This is due to the fact that it is nearly ubiquitous across industries, and the growth and popularity of the Internet has led to vast sums of data being generated daily for advertisers to capitalize on.

Estimates show that the amount of data that is generated globally will grow to unbelievable amounts. Research firm IDC believes that global data will grow at a stunning compounded annual growth rate (CAGR) of 61% between 2018 and 2025, to 175 zettabytes by 2025. For the uninitiated, a gigabyte of information contains 1024 megabytes, and a zettabyte has roughly 1,100 trillion megabytes – much larger than your daily Internet usage we’d assume. To better understand the significance of IDC’s estimates, if all this data was written onto blu-ray disks, then these disks could be stacked to the Moon 23 times over.

This growth has also spurred a strong interest in the field itself, with the Department of Labor estimating that the data science sector is expected to grow by 26% through 2026. Naturally, this growth will also boost salaries in the field, and the average salary for the field sits at $111,000 in the U.S. right now. Finally, looking at the sector as a whole, Markets and Markets estimates that the data science platform market was worth $95 billion last year, and between then and 2026, it will grow at a CAGR of 27.7% to be worth $322.9 billion. It further outlines that the growth in the business and finance sectors will lead the way for the industry.

Therefore, it’s fairly accurate to say that the data science sector has a great future ahead of it, and in today’s piece we have narrowed down the top data science companies. Among these, the renowned players are Alphabet Inc. (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT).

Photo by Science in HD on Unsplash

Our Methodology

We took a broad look at the data science industry to identify the various companies in it. These were then selected through their product portfolio strength and financial performance, following which they were ranked through Insider Monkey’s 895 hedge fund survey for the second quarter of this year.

Biggest Data Science Companies In USA

15. SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 16

SAP SE (NYSE:SAP) is a German company that provides enterprise application software to allow firms to record their daily transactions, manage manufacturing and production, and run supply chain analytics. It is headquartered in Walldorf, Germany.

SAP SE (NYSE:SAP)’s fiscal third quarter results saw the firm bring in EUR11.27 billion in backlogs, indicating that there is still a strong demand for its services as global spending gets hammered by inflation and high interest rates. The company’s data analytics platform lets its customers run analytics on a petabyte scale and transform data into business insights.

Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 16 had held a stake in the company.

Out of these, Ken Fisher’s Fisher Asset Management is SAP SE (NYSE:SAP)’s largest investor. It owns 8.6 million shares that are worth $784 million.

Along with Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOGL), and Microsoft Corporation (NASDAQ:MSFT), SAP SE (NYSE:SAP) is a top data analytics stock.

14. Teradata Corporation (NYSE:TDC)

Number of Hedge Fund Holders: 26

Teradata Corporation (NYSE:TDC) provides a cloud data platform for enterprise analytics that lets its customers integrate diverse sources of data under a single roof. The company is based in San Diego, California, the United States.

Teradata Corporation (NYSE:TDC) is slated to generate $400 million in free cash flow this year and the next. Despite the firm taking on heavy losses in the second quarter, due to the Russian invasion of Ukraine and a stronger U.S. dollar – factors beyond its control – Teradata Corporation (NYSE:TDC) reported that recurring revenues from subscriptions represented 80% of the firm’s $430 million of net sales.

Teradata Corporation (NYSE:TDC)’s analytics lets users manage their supply chain, finances, identity management, and sustainability. By the end of this year’s second quarter, 26 out of the 895 hedge funds polled by Insider Monkey had held a stake in the firm.

Teradata Corporation (NYSE:TDC)’s largest investor is Jean-Marie Eveillard’s First Eagle Investment Management which owns 11 million shares that are worth $424 million.

13. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 40

International Business Machines Corporation (NYSE:IBM) is a technology company that provides both hardware and software to companies. The firm is headquartered in Armonk, New York, and it is one of the oldest companies of its kind after being set up in 1911.

International Business Machines Corporation (NYSE:IBM) provides a host of data analytics solutions. These include enabling its customers to use machine learning and artificial intelligence to drive insights and increase productivity and cost performance. Its products are used by some of the largest companies in the world, such as Marriott, Ancestry, and ING. The company beat analyst estimates for its third quarter earnings and reaffirmed that it aims to generate $10 billion in cash flow this year.

Insider Monkey’s 895 hedge fund survey for this year’s second quarter revealed that 40 had held a stake in International Business Machines Corporation (NYSE:IBM).

International Business Machines Corporation (NYSE:IBM)’s largest investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 2.6 million shares that are worth $372 million.

12. Splunk Inc. (NASDAQ:SPLK)

Number of Hedge Fund Holders: 47

Splunk Inc. (NASDAQ:SPLK) provides a real time data processing platform that allows users to index data, run searches, and deploy machine learning and data analytics. The firm is based in San Francisco, California, the United States.

Splunk Inc. (NASDAQ:SPLK) offers the Splunk Enterprise and the Splunk Hunk platforms for data analytics. Enterprise lets its users capture data from various organizational functions and aggregate it under the same roof, while Hunk lets them manage the data by making datasets and running queries. Additionally, Splunk Inc. (NASDAQ:SPLK)’s platform is versatile and it can be run on any machine, whether it’s on a laptop or in a data center.

Needham injected fresh life into the shares in October 2022 when it speculated that the company’s shares could be worth $120 each if it is bought by another firm. Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 47 had bought the company’s shares.

Splunk Inc. (NASDAQ:SPLK)’s largest investor is Alex Sacerdote’s Whale Rock Capital Management which owns 2.7 million shares that are worth $243 million.

Carillon Tower Advisers mentioned the company in its Q2 2022 investor letter. Here is what the fund said:

“Splunk Inc. (NASDAQ:SPLK), a leader in artificial intelligence solutions for corporate data logs and security, fell in a weak tech group. The company has been transitioning to more of a software-as-a service (SaaS) business model that has, we believe, temporarily depressed earnings and cash flow. We like Splunk’s leadership position in the industry and the company has installed a new CEO and is rolling out new features and products.”

11. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 49

Delta Air Lines, Inc. (NYSE:DAL) is an American airline that is headquartered in Atlanta, Georgia. The firm provides flights all over the U.S., alongside vacation packages and maintenance services.

Delta Air Lines, Inc. (NYSE:DAL) uses a wide variety of analytics as part of its daily operations. These include developing the airline’s flight times, using baggage systems to identify mishandled bags, coordinating with handlers, and sharing real time updates with customers. Other uses include creating customer profiles to analyze trends.

By the end of this year’s second quarter, 49 out of the 895 hedge funds polled by Insider Monkey had invested in Delta Air Lines, Inc. (NYSE:DAL).

Delta Air Lines, Inc. (NYSE:DAL)’s largest investor is Alex Snow’s Lansdowne Partners which owns 4.5 million shares that are worth $132 million.

Miller Value Partners mentioned the company in its Q3 2022 investor letter. Here is what the fund said:

“Delta Air Lines, Inc. (NYSE:DAL) ($29.42) is a high-quality airline (yes, there really is such a thing!). It didn’t issue any equity in the pandemic. It focuses on delivering a superb customer experience and has brand loyalty (including a stable revenue stream from partner American Express, growing at 20%/ year). Maybe the best evidence: it’s managed to outperform the S&P 500 over the past decade despite a horrible pandemic ending point (+13.2% vs. 11.7%¹ ). It trades for 4x 2024 earnings! If it eventually trades at Southwest’s historical valuation, it implies this stock should double as well.”

10. VMware, Inc. (NYSE:VMW)

Number of Hedge Fund Holders: 52

VMware, Inc. (NYSE:VMW) provides cloud management, infrastructure, and digital security platforms. These include data center infrastructure and data storage platforms. The firm is based in Palo Alto, California, the United States.

VMware, Inc. (NYSE:VMW)’s business model is focused on big data and analytics, and its cloud platform supports a wide variety of platforms. These include MongoDB, ApacheHadoop, DataStax, Splunk, Greenplum, and CockroachDB. The company is also in the midst of a takeover attempt by Broadcom.

Insider Monkey studied 895 hedge fund portfolios for their June quarter of 2022 investments and discovered that 52 had held a stake in VMware, Inc. (NYSE:VMW).

Out of these, Jim Davidson, Dave Roux, and Glenn Hutchins’s Silver Lake Partners is VMware, Inc. (NYSE:VMW)’s largest investor through a $4.7 billion stake that comes via 42 million shares.

9. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 55

MongoDB, Inc. (NASDAQ:MDB) provides commercial and community databases that allow users to index, query, and navigate through their datasets. The firm is headquartered in New York, New York, United States.

MongoDB, Inc. (NASDAQ:MDB)’s databases can run several analytical platforms and it combines core data functions such as personalization, fraud prevention, and predictive performance under a single roof to create application driven analytics such as aggregations, time series, and interactive charts.

As this year’s second quarter ended, 55 out of the 895 hedge funds polled by Insider Monkey had invested in MongoDB, Inc. (NASDAQ:MDB).

MongoDB, Inc. (NASDAQ:MDB)’s largest investor is Jim Simons’ Renaissance Technologies which owns 520,000 shares that are worth $134 million.

8. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67

Walmart Inc. (NYSE:WMT) is one of the largest retail chains in the world that operates supercenters, superstores, and cash and carry stores. The firm is headquartered in Bentonville, Arkansas, the United States.

Walmart Inc. (NYSE:WMT) is one of the largest users of data analytics in the world as well, as it collects petabytes of data from millions of customers every hour. Through this, the firm employs analytics to compensate customers for higher prices in the form of gift cards, map down product locations across thousands of stores, and create customer profiles.

Out of the 895 hedge funds polled by Insider Monkey during this year’s second quarter, 67 had held a stake in Walmart Inc. (NYSE:WMT).

Walmart Inc. (NYSE:WMT)’s largest investor is Rajiv Jain’s GQG Partners which owns 9.8 million shares that are worth $1.1 billion.

7. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 69

Oracle Corporation (NYSE:ORCL) is an enterprise resource planning software provider that lets companies take stock of their daily transactions, plan their operations and supply chain, and communicate with other businesses.

Oracle Corporation (NYSE:ORCL)’s platforms are built around data analytics and they provide customers with the ability to deploy their models virtually or on their premises. The analytics supported by these tools include machine learning, visual representation, data navigation, and automated data preparation. Deutsche Bank raised the company’s share price target to $120 from $110 in October 2022, outlining that the firm’s public cloud will drive revenue growth.

Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 69 had owned Oracle Corporation (NYSE:ORCL)’s shares.

Oracle Corporation (NYSE:ORCL)’s largest investor in our database is Jean-Marie Eveillard’s First Eagle Investment Management which owns 25 million shares that are worth $1.8 billion.

6. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 82

NVIDIA Corporation (NASDAQ:NVDA) is an American company that designs and sells graphics processing units. These are used across a variety of platforms, including those to run advanced data analytics platforms.

NVIDIA Corporation (NASDAQ:NVDA)’s GPUs are optimized for machine learning and artificial intelligence, two fields that are at the center of data science. This is due to the fact that they are able to squeeze in significantly more processing cores, which allows for more computing space for the data analytics applications to run. NVIDIA RAPIDS boosts the performance of advanced analytics by up to 20 times when compared to a similar central processing unit (CPU).

82 out of the 895 hedge funds had held a stake in NVIDIA Corporation (NASDAQ:NVDA) by the end of this year’s second quarter according to Insider Monkey’s survey.

Out of these, Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest shareholder. It owns a $1.1 billion stake that comes courtesy of 7.5 million shares.

NVIDIA Corporation (NASDAQ:NVDA) joins Alphabet Inc. (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT) in our list of hot data science stocks.

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 87

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor firm that sells CPUs and GPUs. These are used by regular users, gamers, and companies. The firm is based in Santa Clara, California, the United States.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s products are used in large scale data centers that allow companies to run advanced data analytics platforms. These provide a single socket product to let firms run database engines such as SQL and noSQL, run cloud instances such as those from Amazon and Google, and drive throughput by running multi threaded applications at scale.

Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 87 had invested in Advanced Micro Devices, Inc. (NASDAQ:AMD).

Out of these, Ken Fisher’s Fisher Asset Management is Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor through a $1.9 billion stake that comes via 25 million shares.

4. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 104

JPMorgan Chase & Co. (NYSE:JPM) is one of the largest and oldest banks in the world after it was set up in 1799 and is headquartered in New York, New York, the United States.

JPMorgan Chase & Co. (NYSE:JPM) uses data analytics to derive insights from the financial markets. The firm’s tools allow its customers to scan more than 30,000 bonds to pick out the right investments, develop their own indexes to track portfolio performance, and access up to date pricing for securities. The firm has also partnered up with other data companies such as Confluence to provide the services.

By the end of this year’s second quarter, 104 out of the 895 hedge funds profiled by Insider Monkey had invested in JPMorgan Chase & Co. (NYSE:JPM).

JPMorgan Chase & Co. (NYSE:JPM)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 7.9 million shares that are worth $899 million.

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 191

Alphabet Inc. (NASDAQ:GOOGL) is one of the largest technology companies in the world, which is known primarily for its search engine Google. It also provides video streaming services, an email platform, and consumer technology products.

Data analytics sit at the heart of Alphabet Inc. (NASDAQ:GOOGL)’s products, as its search engine Google sifts through billions of webpages based on an analytical profile of the user performing the query and the webpage that it displays. The firm’s YouTube service uses user profiles and past history to finetune content offerings and deliver advertisements. It also provides a cloud computing platform that lets companies run analytical models such as classification algorithms.

191 out of the 895 hedge funds polled by Insider Monkey for their June quarter of 2022 investments had held a stake in Alphabet Inc. (NASDAQ:GOOGL).

Chris Hohn’s TCI Fund Management is Alphabet Inc. (NASDAQ:GOOGL)’s largest investor. It owns 2.4 million shares that are worth $5.4 billion.

RiverPark Funds mentioned the company in its Q3 2022 investor letter. Here is what the fund said:

“Despite solid 2Q results, internet services leader Alphabet was a top detractor this quarter on market concerns about the global economic outlook. For its 2Q22, the company had another quarter of strong earnings, driven by search, YouTube and growth at its emerging cloud business. The company reported second-quarter revenue of $70 billion, an increase of 13% year over year (16% on a constant currency basis), with Google Services (mostly Advertising) up 10% and Google Cloud up 36%.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 252

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce platform. Its website allows merchants to connect with customers and the firm also offers a vast cloud computing system that servers corporate customers.

Amazon.com, Inc. (NASDAQ:AMZN)’s data analytics sees it sift out the right product for its users on its website, run advertisements, and generate campaigns based on a user’s profile. Additionally, its Amazon Web Services (AWS) platform lets companies run a host of instances that enable high quality analytics such as k-means factoring and principal component analysis. Amazon.com, Inc. (NASDAQ:AMZN)’s Alexa uses data analytics to recognize user queries and generate the right responses.

Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 252 had held a stake in Amazon.com, Inc. (NASDAQ:AMZN).

Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 48 million shares that are worth $5 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) is an American technology company that sells both software and hardware. The firm’s Windows operating system is the most widely used globally, and it also sells laptops and gaming consoles. It is headquartered in Redmond, Washington, the United States.

Microsoft Corporation (NASDAQ:MSFT) has a wide variety of data analysis services in its portfolio, such as Azure Data Factory and Data Lake. These let users store and process data through a variety of languages. Additionally, the firm also lets SQL users manipulate their data into chunks for useful analysis, and it also uses machine learning to answer user queries.

As part of their second quarter of 2022 investments, 258 out of the 895 hedge funds part of Insider Monkey’s database owned Microsoft Corporation (NASDAQ:MSFT)’s shares.

Out of these, Ken Fisher’s Fisher Asset Management is Microsoft Corporation (NASDAQ:MSFT)’s largest investor. It owns 28 million shares that are worth $7.3 billion.

Lakehouse Capital mentioned the company in its September 2022 investor letter. Here is what the fund said:

“During the month, the Fund initiated a new position in Microsoft Corporation (NASDAQ:MSFT), a name that is no doubt familiar to our investors. The company was founded by Bill Gates and Paul Allen in a friend’s garage in 1975 and began dominating the operating system market with MS-DOS by the mid-1980s. The company has come a long way since then and is now widely considered the most critical and indispensable IT mega-vendor for businesses globally. In addition to its well-known Windows operating systems and Office productivity suite, the company has a broad portfolio of strategic products, including a rapidly growing public cloud business in Azure and a sizeable gaming presence.

15 Biggest Data Science Companies In USA

Published on October 28, 2022 at 6:48 am by Ramish Cheema in Lists, News