BERWYN, Pa.--()--In 2010 the number of personal computers, smartphones, and other Internet-connected devices surpassed the number of people on our planet. According to the latest Sector Focus commentary from Turner Investments, as the information generated by all the devices continues to grow rapidly, the technology companies processing what they call Big Data – this contemporary explosion of data – may be big winners.
“From the beginning of recorded history until 2003, humans created 5 billion gigabytes of data. In contrast, last year 5 billion gigabytes of data were created every two days.”
Titled Big Data drives big growth in tech sector, the piece was written by the four analysts who cover the technology sector: Tara Hedlund, portfolio manager/global security analyst; Marek Hlinka, global security analyst; Chris McHugh, vice chairman and senior portfolio manager; and Bob Turner, chairman and chief investment officer.
Turner Investments, based in Berwyn, Pennsylvania, publishes Sector Focus commentaries monthly as part of the continuing efforts of its five teams of security analysts to monitor market sectors for its growth-stock portfolios.
In the piece, the analysts point out just how large the stockpile of Big Data managed by these companies has grown: “From the beginning of recorded history until 2003, humans created 5 billion gigabytes of data. In contrast, last year 5 billion gigabytes of data were created every two days.” Cloud computing and social networking in particular generate outsized amounts of data.
The analysts name three types of companies that may benefit from this boom in Big Data: data-storage companies such as EMC and Fusion-io, data-analysis companies such as Splunk and Tibco Software, and data-transmission companies like F5 Networks.
To read this October 2012 Sector Focus in its entirety, click on this link to the Turner Investments Web site: www.turnerinvestments.com/technology/. Or call 484.329.2407 for a free copy of the piece.
The views, opinions, and content presented are for informational purposes only. They are not intended to reflect a current or past recommendation, investment, legal, tax, or accounting advice of any kind, or a solicitation of an offer to buy or sell any securities or investment services. Except as otherwise specified, any companies, sectors, securities, and/or markets discussed are solely for illustrative purposes regarding economic trends and conditions or investment process and may or may not be held by Turner, the Turner Funds, or other investment vehicles or accounts managed by Turner or its affiliates. Past performance is no guarantee of future results.
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Turner Investments, founded in 1990, is an investment firm based in Berwyn, Pennsylvania. As of September 30, 2012, we managed more than $11 billion in stocks in separately managed accounts and mutual funds for institutions and individuals.
As of September 31, 2012, Turner held in client accounts 2.6 million shares of EMC, 942,939 shares of F5 Networks, 1.9 million shares of Fusion-io, 983,543 shares of Splunk, and 3.1 million shares of Tibco Software.