Top 15 Digital Transformation Companies in the US

Published on December 12, 2022 at 3:03 pm by Ramish Cheema in Lists, News

In this piece, we will take a look at the top 15 digital transformation companies in the U.S. For more companies, head on over to Top 5 Digital Transformation Companies in the U.S.

Digital transformation is a diverse field and one that continues to evolve with time. As the name suggests, this sector simply involves the transformation of traditional, analog sources of data or business processes into digital data and processes for a host of different benefits. It traces its way back to the 1950s when the semiconductor was invented and allowed the conversion of analog computing to digital computing. The next big shifts started to occur from the 1960s onward, with the introduction of computer aided design in manufacturing in the 70s. Before this, digital planning systems started to make their way across corporations as a method of letting them manage their inventory in the 1960s. From then on, these systems were expanded to also bring materials requirement planning (MRP) and manufacturing resource planning (MRP II) to firms. All these were brought under the umbrella of what is now termed enterprise resource planning (ERP), a leading technology that continues to evolve today and is at the heart of what is termed a digital transformation.

However, backend processes are not the only ones that have been digitally transformed. The late 1990s were the era of the Internet, and naturally, this was blended with the newly set up ERP systems. This integration enabled firms to communicate with each other to share different information such as delivery status, order invoices, and demand forecasts. The latter is particularly important for avoiding the bullwhip effect, which is the result of a demand mismatch between two companies at different ends of the supply chain. Finally, another aspect of digital transformation is the digital storefront, which allows companies to interact with customers over the Internet.

Naturally, the vast scope and the countless benefits offered by digital transformation lead to some impressive market valuations. A fresh report from Polaris Market Research estimates that the industry was worth $588 billion in 2021. From then, until 2030, the research firm expects it to grow at a strong compounded annual growth rate (CAGR) of 23.6% to be worth an estimated $3.7 trillion. Polaris Market further outlines that the healthcare segment was the largest portion of digital transformation in 2021, and North America was the dominating region.

Today’s piece will focus on some leading digital transformation companies that offer their products and services in the segment. The top players are Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL), and Broadcom Inc. (NASDAQ:AVGO).

Carol Gauthier/Shutterstock.com

Our Methodology

We studied the current enterprise computing landscape to sift out which firms are providing digital transformation services. They are ranked according to their market capitalization, and hedge fund sentiment courtesy of Insider Monkey’s Q3 2022 survey of 920 funds is also provided.

Top 15 Digital Transformation Companies in the U.S.

15. Hewlett Packard Enterprise Company (NYSE:HPE)

Market Capitalization as of December 8, 2022: $20.9 billion

Hewlett Packard Enterprise Company (NYSE:HPE) is an American firm that is thought by many to be the first of the iconic Silicon Valley technology companies that were set up in a garage. The firm is headquartered in Houston, Texas.

Hewlett Packard Enterprise Company (NYSE:HPE) offers its customers several different products and solutions for their digital transformation. These range from big data analytics, artificial intelligence, the Internet of Things, and cloud and hybrid information technology infrastructure.

Insider Monkey’s Q3 2022 survey covering 920 hedge funds revealed that 42 had held a stake 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 that are worth $362 million.

Hewlett Packard Enterprise Company (NYSE:HPE) joins Alphabet Inc. (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT), and Broadcom Inc. (NASDAQ:AVGO) as one of the leading digital transformation companies in America.

14. Dell Technologies Inc. (NYSE:DELL)

Market Capitalization as of December 8, 2022: $30.3 billion

Dell Technologies Inc. (NYSE:DELL) is a technology firm that sells client and infrastructure products such as laptops, data center racks, and servers. The company is based in Round Rock, Texas.

Dell Technologies Inc. (NYSE:DELL)’s digital transformation solutions have enabled customers to drastically reduce the time that developers spend in non writing tasks through automating infrastructure and consolidating development pipelines. Additionally, its unique approaches such as an internal cloud have enabled stakeholders to have regular access to data without burdening themselves with bureaucratic hurdles.

49 of the 920 hedge funds part of Insider Monkey’s third quarter of 2022 survey had held a stake in Dell Technologies Inc. (NYSE:DELL).

Steven Cohen’s Point72 Asset Management is Dell Technologies Inc. (NYSE:DELL)’s largest hedge fund shareholder through a $139 million stake that comes via 4 million shares

13. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Market Capitalization as of December 8, 2022: $30.5 billion

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is an American firm that provides technology consulting and outsourcing services globally. It is based in Teaneck, New Jersey.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) portfolio has some of the most diverse options for digital transformation in the industry. It allows users to access artificial intelligence, quality control, software product engineering, security, process automation, and infrastructure modernization for technological advancements.

By the end of this year’s September quarter, 39 of the 920 hedge funds polled by Insider Monkey had bought Cognizant Technology Solutions Corporation (NASDAQ:CTSH)’s shares.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH)’s largest investor is Richard S. Pzena’s Pzena Investment Management which owns 14.2 million shares that are worth $818 million.

12. Workday, Inc. (NASDAQ:WDAY)

Market Capitalization as of December 8, 2022: $43.5 billion

Workday, Inc. (NASDAQ:WDAY) is a cloud application services provider. The firm provides finance, operations, and human resource management products. It is headquartered in Pleasanton, California.

Workday, Inc. (NASDAQ:WDAY) lets its customers adapt new technologies such as artificial intelligence and machine learning, access data in real time, develop cross functional teams, and apply advanced analytics while not being constrained by traditional ERP systems. This has different benefits, as Workday, Inc. (NASDAQ:WDAY)’s customers are not locked in a single technology and might be able to save deployment costs as well.

As part of their Q3 2022 investments, 92 of the 920 hedge funds part of our survey had invested in Workday, Inc. (NASDAQ:WDAY).

Out of these, Stephen Mandel’s Lone Pine Capital is Workday, Inc. (NASDAQ:WDAY)’s largest shareholder. It owns 5 million shares that are worth $764 million.

11. Equinix, Inc. (NASDAQ:EQIX)

Market Capitalization as of December 8, 2022: $63 billion

Equinix, Inc. (NASDAQ:EQIX) provides digital infrastructure solutions for business process consolidation. It is based in Redwood City, California.

Equinix, Inc. (NASDAQ:EQIX) has enabled some of the world’s biggest technology firms to transform themselves. These include HP increasing its network power efficiency, Schneider driving business growth, and Dell blending together its applications and workflows.

39 of the 920 hedge fund portfolios studied by Insider Monkey for their September quarter of 2022 investments had bought a stake in Equinix, Inc. (NASDAQ:EQIX).

Equinix, Inc. (NASDAQ:EQIX)’s largest shareholder is Ian Simm’s Impax Asset Management which owns 645,937 shares that are worth $366 million.

10. ServiceNow, Inc. (NYSE:NOW)

Market Capitalization as of December 8, 2022: $80 billion

ServiceNow, Inc. (NYSE:NOW) is a cloud computing platform provider for automation and big data analytics. The firm is based in Santa Clara, California.

ServiceNow, Inc. (NYSE:NOW) enables firms to automate manual and repetitive tasks, study equipment down time statistics to boost efficiency, employ artificial intelligence for predictive analytics, and perform real time data analytics for improving customer experience.

Insider Monkey’s Q3 2022 study of 920 hedge funds revealed that 103 had held a stake in ServiceNow, Inc. (NYSE:NOW).

ServiceNow, Inc. (NYSE:NOW)’s largest investor in our database is Chase Coleman and Feroz Dewan’s Tiger Global Management LLC which owns 1.6 million shares that are worth $639 million.

9. SAP SE (NYSE:SAP)

Market Capitalization as of December 8, 2022: $129.8 billion

SAP SE (NYSE:SAP) is a name that is synonymous with enterprise resource planning (ERP) software. The firm was set up with the aim of centralized planning in mind in 1972 and is based in Germany.

SAP SE (NYSE:SAP) technologies affect digital transformation in every aspect of a company’s value chain. This includes running linear and non linear optimization for workflow and production management, performance management, customer satisfaction, growth, strategy, and culture.

17 of the 920 hedge funds polled by Insider Monkey during this year’s third quarter had bought SAP SE (NYSE:SAP)’s shares

SAP SE (NYSE:SAP)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 6.7 million shares that are worth $549 million.

8. Salesforce, Inc. (NYSE:CRM)

Market Capitalization as of December 8, 2022: $130 billion

Salesforce, Inc. (NYSE:CRM) is an American firm that allows for customer relationship management, performance management, and targeted advertising.

Salesforce, Inc. (NYSE:CRM) customers can use its products to accelerate revenue growth by digitalizing their accounts, creating sales plans for goal achievement, increasing mortgage accessibility, and improving return on investment (ROI) by process automation and omni channel optimization.

Insider Monkey profiled 920 hedge funds for 2022’s September quarter to discover that 117 had invested in Salesforce, Inc. (NYSE:CRM).

Out of these, Ken Fisher’s Fisher Asset Management is Salesforce, Inc. (NYSE:CRM)’s largest investor. It owns 12.2 million shares that are worth $1.8 billion.

7. International Business Machines Corporation (NYSE:IBM)

Market Capitalization as of December 8, 2022: $132.5 billion

International Business Machines Corporation (NYSE:IBM) is an American technology company that has evolved over the years to transform itself from an infrastructure and consumer firm to an enterprise software and hardware company.

International Business Machines Corporation (NYSE:IBM)’s technologies are nearly ubiquitous when it comes to digital transformation. An example is the company’s partnership with a Saudi state owned water company to use International Business Machines Corporation (NYSE:IBM)’s S/4HANA ERP system for revitalizing multiple domains such as supply chain, human resource, and finance.

40 of the 920 hedge funds part of Insider Monkey’s third quarter of 2022 survey had bought a stake in International Business Machines Corporation (NYSE:IBM).

International Business Machines Corporation (NYSE:IBM)’s largest investor in our database is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 4.3 million shares that are worth $515 million.

6. Adobe Inc. (NASDAQ:ADBE)

Market Capitalization as of December 8, 2022: $154.6 billion

Adobe Inc. (NASDAQ:ADBE) provides different products and solutions that range from letting individuals carry out their productivity tasks to organizations achieving their business goals. It is based in San Jose, California.

Adobe Inc. (NASDAQ:ADBE) has enabled public and private entities to improve their business processes. For instance, its partnership with the U.S. state of Illinois enabled the latter to improve website and road traffic management and effectively combat the coronavirus. Additionally, Adobe Inc. (NASDAQ:ADBE) also allowed a Dutch healthcare company to improve its appointment scheduling.

Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 93 had bought Adobe Inc. (NASDAQ:ADBE)’s shares.

Adobe Inc. (NASDAQ:ADBE)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 5.1 million shares that are worth $1.4 billion.

Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL), Adobe Inc. (NASDAQ:ADBE), and Broadcom Inc. (NASDAQ:AVGO) are some of the top digital transformation firms in the U.S.

Click to continue reading and see Top 5 Digital Transformation Companies in the U.S.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up