2 Stocks to Buy to Capitalize on Data Transformation
With more data being produced by the day due to the shift to the cloud from on-premise systems, companies around the world are starting to struggle to manage it all and make the most of it. IDC, a subsidiary of Blackstone, estimates that digital transformation investments will approach a total of $6.8 trillion -- growing at a compound annual rate of 15.5% until 2023.
Two companies have the opportunity to capitalize on this investment growth by helping businesses. While they are doing so in very different ways, both are crucial to managing a successful enterprise. As the world obtains more data and digital information, these stocks should enjoy growth because of it.
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Source Fool.com
