The data crunching software firm 3D Software is forecasting big data will be the driving force behind the booming industry.CEO Kevin Cramer said the company was building “a new era of the data driven enterprise” and was “looking to capitalize on the opportunity”.
The company said it would not just focus on the data but also on its “big data partners”.
The technology giant, which was founded in 2001, has made some of the most advanced big data tools for companies, such as Big Data Analytics, Big Data Architect, Big Datasource and Big Data Platform, all of which offer data-driven analytics, and Big Datawind, which provides the data for the Big Data Cloud, Big Database and Big Desktop applications.
3D has a number of other products, including data analytics tools and cloud services.
Its big data products include Big Data Desktop, a tool for managing, storing and searching huge datasets of big data, as well as Big Databricks, a desktop application that uses Big Data tools to manage, store and search big data.
The firm’s chief executive, Kevin Crammer, said in a conference call with analysts that the data crunch is just one part of the company’s business model.
“We’re focused on the next-generation data, and it’s a good opportunity for us to scale,” he said.
“Data is a big part of what we do.
I think that it will continue to be a big factor in how we work.
Big Data is the future of data, because it’s an enormous amount of data.”3D said its revenue was about $7.6 billion in 2015, with more than 90% of that coming from its data products.
It reported net income of $4.1 billion, or 74 cents per share, for the year ending in March.
The company also said it had $4 billion in debt and had a $4 million revolving credit facility, which it said it was “pursuing to extend”.
“We believe that the business model is very strong,” Cramer told analysts.
“The future is going to be big data and analytics.
The question is, how big is it?
We are really looking forward to the future.”
Analysts expect 3D to be one of the big winners from the US data crunch, which is expected to grow by at least 15-25% by 2025.
The US is home to about 100,000 data companies, and 3D expects that to rise to more than 500,000 by 2020.
The UK and China also saw huge growth in the sector in the past few years, and analysts believe the US will see more growth in that sector, as businesses move to data-intensive businesses and as new industries emerge.