Stocks to benefit from greater demand for big data

For long-term investors, this represents a whole new way to play technology.

Vikram Barhat 25 April, 2018 | 5:00PM

The recent Facebook data breach scandal and the maelstrom of media coverage that ensued sparked a vigorous debate around manipulation of user data owned by companies and lax regulation around data privacy.

While much of the public discourse and concern is focused on its misuse, the voluminous amounts of structured and unstructured information, or big data, gleaned daily from our connected devices, can provide unique insights and meaningful patterns that can be exploited to make things better, faster and more efficient.

As artificial intelligence takes centre stage and its application expands to new areas of human existence, businesses across industries are seeking, storing and analyzing big data to sharpen and scale their AI capabilities and improve the outcomes. From healthcare to self-driving cars and from agriculture to business intelligence, much of the transformational change that AI is leading across industries is driven by pools of big data backing it.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Coca-Cola Co53.35 USD0.32
International Business Machines Corp134.59 USD-0.84
McDonald's Corp230.96 USD-0.22
Qualcomm Inc137.44 USD-2.23 Inc228.76 USD-1.09

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

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