SPLK - Why Alteryx Should Be on Your Radar
Data science and analytics have gotten some high-profile attention lately -- from investors and corporate accountants alike. Shortly after Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) dropped $2.6 billion on Looker, salesforce.com (NYSE: CRM) went even bigger and purchased Tableau Software (NYSE: DATA) for a whopping $15.7 billion. Someone obviously let the cat out of the bag: Big data is getting bigger, and making sense of all the digital information out there is a lucrative business.
That's why Alteryx (NYSE: AYX) is so intriguing -- not to mention that its stock is up over 750% since its public debut in early 2017 and that revenue is going at a better than 50% pace. Alteryx runs a lucrative business model, one that is only getting better with time.
The once buzzy "information age" is now an almost archaic term, but it isn't as if the flood of information it described coming from the web has leveled off. On the contrary, it's proliferating like never before as the world goes digital. Hundreds of millions of new devices are being connected to the internet every year, and complex processes like AI, machine learning, and cloud computing are getting tasked with taking over increasingly crucial business operations.