Gradually, Splunk’s big data tools are morphing into a “must-have” for enterprises in today’s increasingly data-driven world, mostly because any enterprises that aren’t adopting data-driven decision making software, are getting left in the dust. Through its Data-to-Everything platform, Splunk offers various industry-leading services and tools which enable enterprises to seamlessly capture, aggregate, monitor, and analyze data from various sources, with an endless number of end-applications, including security, consumer experience, product development, marketing, etc. Splunk is at the epicenter of this revolution. Thus, the stage is set for explosive growth in the Intelligence Economy over the next 5 to 10 years. Yet, only 31% of companies today consider themselves data-driven, while 92% of companies are increasing their pace of investment in AI and Big Data. A 2020 Forrester Consulting Survey found that data-driven organizations are 58% more likely to beat revenue goals than their non-data counterparts.īy consequence, the Intelligence Economy will one day be ubiquitous. This future is inevitable, because (somewhat obviously) AI-powered and data-driven decision making leads to better outcomes.
We are sprinting into the Intelligence Economy - a new era wherein companies and persons become smarter with the help of data, AI and algorithms. The long-term bull thesis on SPLK stock is compelling for one very simple reason: Splunk is a great company with a ton of potential. Here’s a deeper look: SPLK Stock: A Great Company The Amazon of Houses: This Stock Is Like Buying Amazon in 1997.So, buy the dip in SPLK stock before it comes roaring back. And SPLK stock is now significantly undervalued amid a plunge that is largely nonsensical. The company’s growth trajectory is set to meaningfully improve in 2021/22 as economic normalization sparks a big recovery in enterprise spending.
Splunk is a very solid company, providing industry-leading data analytics tools with robust and rapidly growing demand.
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