Powered
By: #DataEcosystems Power the Future of Industry and Growth (NASDAQ: $SFET)
(NASDAQ: $SPLK) (NASDAQ: $ZI) (NYSE: $SNOW) @SafeTGroupltd
@splunk @SnowflakeDB @ZoomInfo
Vancouver, Kelowna, Delta, BC - January 17, 2023 - Investorideas.com, a leading investor news resource covering data extraction and data cloud stocks releases a special report on the growth of the industry featuring Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET). As more industries become connected to wireless and wired networks, not only does data storage and management become important, but also data extraction and sorting as more and more companies utilize these new technologies to scale up productivity and efficiency.
Read this article,
featuring SFET in full at https://www.investorideas.com/news/2023/defense/01171Data-Ecosystems.asp
Safe-T Group Ltd. (Nasdaq: SFET) (TASE:
SFET), a global provider of cybersecurity and privacy
solutions to consumers and enterprises, recently
announced that NetNut Ltd, the Company's wholly owned subsidiary
and enterprise privacy network unit, is expanding its presence into the price
comparison market with new customers from the travel sector that operate price
comparison websites (PCW).
These
new customers will be utilizing NetNut’s solutions to improve their price
comparison capabilities and offer their users seamless and competitive business
analysis and increased productivity. These new partnerships will allow NetNut
to tap into the growing PWC marketplace and further establish itself as a
leading provider of proxy solutions.
"We
are pleased to partner with new customers in the price comparison website
market, as it allows us to further strengthen our presence in the travel
industry, a competitive market for our customers. We are confident that our
solutions will provide our customers with valuable benefits, allowing them to
offer their users an efficient and competitive experience," said Shachar
Daniel, Safe-T's Chief Executive Officer.
NetNut
recently announced it has doubled its usage volume and processed over 36
billion customer's requests. The sharp increase in volume is a result of the
onboarding of several strategic customers, as well as the expansion of NetNut's
network and its ability to process billions of requests.
A
recent news piece from MarketWatch
discussed Safe-T Group’s record earnings stating that, “When it comes to Wall
Street valuing companies, share prices are often imperfect representations of a
company's performance – even more so in low-float companies where small trades
can induce significant change. That appears to be the case with Safe-T Group
Ltd., a global provider of cyber-security and privacy solutions to consumers
and enterprises. Of course, calling the SFET share price imperfect needs
supporting evidence. Fortunately, SFET provides plenty. Last month, the company
reported what many in the current economic client can't: record-setting
profits. In fact, its Q3 earnings were more than record-setting; they showed
that SFET is in hypergrowth. Specifically, revenues for the three months that
ended September 30, 2022, scored a record $4,812,000, an increase of 42%
compared to last year. Growth was even more substantial on a nine-month
comparison, with SFET posting a record level of $13,610,000, an increase of
109% from the same period in 2021. By the way, both of these measures exceeded
guidance.”
The
article continued, “Top-line growth isn't the only number that should be
earning investors' attention, however, as SFET’s bottom line numbers are
equally impressive. There, gross profit for the nine months surged by 143% to
$7,360,000 over last year's comparable. For the three months ending September
30, gross profit scored $2,627,000, 47% higher than the previous year's period.
The even better news is that investors should expect the bullish momentum
behind SFET's growth to continue, a product of operating expense reductions
that already resulted in a 25% reduction in net loss and a 30% decrease in
Adjusted EBITDA Loss in Q3 compared to the second quarter of 2022. That shows
what investors like to see: consecutive quarterly improvements.”
Data
management and extraction continues to be validated, not only by the consumer
market and their demands, but also with regards to global change. Splunk Inc. (NASDAQ:SPLK), the
data platform leader for security and observability, last
month released its second annual Global Impact Report. The
report details the company's progress across four areas that matter most to
Splunk and its stakeholders - social impact, ethical and inclusive growth, data
responsibility and environmental sustainability.
"We
believe that purpose-led impact work drives business growth and success
benefiting our customers, stockholders and communities," said Scott
Morgan, SVP, Chief Legal Officer, Global Affairs for Splunk. "We are proud
of our progress in these areas and inspired by our customers and others, who
count on us to help create resiliency in their digital operations and
interactions. Splunk is committed to embedding important impact initiatives
into our decision making and operations to create a more successful business
and better world through bridging the data divide."
The
2022 Global
Impact Report underscores Splunk's dedication to
building and maturing its programs and initiatives, powered by and in service
to the vision, passion and expectations of its customers, stockholders,
employees and other stakeholders. Below are top highlights across the company's
four-pillar Global Impact Strategy.
In
FY22, Splunk launched the Splunk Strategic Giving program, providing over $1
million in unrestricted grants to nonprofit partners aligned with its mission
to bridge the data divide- the division between those who have access to data
and those who do not. One such recipient is TechVets, a U.K. nonprofit and
programme in the Forces Employment Charity that helps veterans navigate the
transition out of the military and into new civilian careers in technology.
Splunk's funding and free technical training through its workforce development
program enables TechVets to provide no-cost access to Splunk courses and
certifications.
The
Environmental Sustainability pillar of Splunk's Global Impact Strategy aims to
identify, measure and reduce the environmental impacts of company operations by
focusing on climate change, resource efficiency and environmentally-preferred
purchasing.
In
FY22, Splunk announced its intent to achieve net zero
greenhouse gas emissions by 2050, as well as a commitment to set a suite of
shorter-term science-based targets. Splunk's Global Impact Report provides a
progress update of the company's Global Climate Resilience and Innovation
strategy work to develop a net zero transition roadmap and set a suite of
science-based emissions reduction targets.
One
recent report titled, “Data
Extraction Market Size, Share, Cost Structure Analysis And Forecast To 2030”,
discussed what is driving the trend towards better data management and
functionality. The article stated that a “Surge in adoption of big data and
business analytics software by multiple organizations and need for dedicated
storage systems for growing volume of data across the globe drive the growth of
the market. In addition, numerous benefits provided by data extraction software
fuels the market growth. Moreover, growing concerns regarding the quality of
data and complexity in extracting data from various sources hamper the growth
of the market. Furthermore, growth in adoption of AI in data extraction and
emerging trends of adopting virtual data warehousing are anticipated to provide
lucrative opportunities for the market expansion during the forecast period.”
Snowflake Inc. (NYSE:
SNOW), the Data Cloud company, announced last year at its
Snowday 2022 event, the final San Francisco stop on its Data Cloud World Tour,
that they have seen continued growth across the Data Cloud ecosystem, driven in
part by Snowflake’s cloud, data provider, services, technology, and Powered by
Snowflake partners, alongside its customers.
Launched
over two years ago, the Snowflake Partner Network continues to serve as the
engine that fuels the growth of the Data Cloud ecosystem, unlocking the
potential of the Data Cloud with a broad array of solutions, applications, and
partners that help mobilize the world’s data.
"Together,
Deloitte and Snowflake are supporting customers end-to-end through their data
mobilization journeys," said Frank Farrall, Principal – Data and AI
Alliances Leader, Deloitte Consulting LLP. "Our alliance with Snowflake
allows us to be part of the process of helping to redefine the market for data
technology, empowering our joint clients to achieve their digital innovation
goals and unlock business value at scale."
"Earlier
this year, Capital One entered the enterprise B2B software market with the
launch of Capital One Software and our first product, Slingshot," said
Salim Syed, VP and Head of Engineering, Capital One Software. "We chose to
develop a Slingshot app for Snowflake Marketplace to further enhance the
Slingshot customer experience and increase the time to value for our joint
customers. The ease at which consumers can securely install and run
applications directly in their Snowflake instances is of huge value to those
building applications in Snowflake."
ZoomInfo
Technologies Inc. (NASDAQ:
ZI),
a global leader in modern go-to-market software, data and intelligence, announced earning
29 No. 1 rankings across 87 grids in the G2 Winter 2023 Grid® Reports, setting
a company record for top rankings and expanding its leadership in Enterprise
categories.
Overall,
the company received 198 awards in the G2 Winter 2023 reports, which also
include G2’s Momentum Reports and Index Reports. ZoomInfo’s products secured
No. 1 rankings in Buyer Intent Data, Sales Intelligence, Market Intelligence,
Marketing Account Intelligence, Account Data Management, Lead Intelligence,
Email Verification, Data Quality, and 21 other categories.
"ZoomInfo
continues to expand the number of best-in-class functions inside our innovative
platform to help revenue teams go to market," ZoomInfo Founder and CEO,
Henry Schuck said. "We’re especially proud of how our products power
enterprise businesses worldwide."
The
Winter 2023 Grid® Reports are based on G2’s unique algorithm, which calculates
customer satisfaction and market presence scores in real time, based on user
reviews and data aggregated from online sources and social networks. ZoomInfo’s
high placement in these categories underscores how best-in-class data feeds
every step of a sales and marketing professional’s workflow.
It
becomes clear that the future of many, if not all industries, will slowly
become powered by one or the other of these data ecosystems and that this will
become more and more of a necessity as technology continues to change the face
of competition. Soon you may not even need to read these articles as a “powered
by” app may provide a better understanding of market research by simply data
scraping the news for you.
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