A new research report from Transparency Market Research, indicates that the global big data market is expected to move from US$6.3 billion in 2012 to US$48.3 billion by 2018. This represents an astronomical growth of 40.50% CAGR for the global big data market. This growth can be explained by the increasing penetration of the Internet, particularly in emerging economies, and the increasing digitization of several industries. IDdriven Inc. (OTC: IDDR), Helios and Matheson Analytics Inc. (NASDAQ:
Data is valuable. Properly analyzing large data can reveal information that is crucial to constructing an efficient business plan. Data can reveal consumer behavior and how a company's product pipeline can be improved to maximize demand. Data can be broken down to regional or demographic characteristics, to show a company which regions and which population groups to target for better profits. Overtime, the popularity of social media has substantially increased the diversity of data being generated online. Since different types of data reveal different insights about a business, big data management has become a major concern of many companies.
IDdriven Inc. (OTCQB: IDDR) is an enterprise software company that has developed and is now launching the next generation in Identity and Access Management ("IAM") enterprise solutions into a demand driven market. The company's flagship product, IDdriven, is a next-gen hybrid cloud-based solution and a new software delivered as a service (Software as a Service or "SaaS"). The software is flexible, with a wide array of features, including Access Management, License management, Risk Management, Reporting, and more.
Last week, IDdriven Inc. announced it has been awarded with a contract from a government-owned West European utility company with about one thousand employees. This is a one-year contract, with automatic renewals, through a formal Request for Proposal (RFP) process, which is a months-long and a very competitive bidding process with due diligence conducted by the customer. It was revealed that the customer has implemented Phase I of the IDdriven solutions for identity and access management including life cycle management, reporting, facility access and related security functions across its divisions.
Chief Executive Officer of IDdriven Inc., Arend Verweij, commenting on the contract, "After competing directly against a lineup of IAM and IDaaS industry '800-pound gorillas', this is a big win for IDdriven… With a growing pipeline of valuable new business prospects, and having announced our new US Sales Director last month, we have strong...