Why I Just Purchased Shares of AI Cloud Observability Company Dynatrace

The COVID-19 pandemic is creating rapid change among organizations around the globe. Technology projects to update operations -- especially in cloud computing -- can no longer be delayed, but rather are critical to the long-term health of many businesses.

As a result, cloud observability software outfit Dynatrace (NYSE: DT) says its total addressable market has surged in the last 18 months from $20 billion a year to $32 billion a year. I was intrigued, and after catching up with CEO John Van Siclen to learn more about the company, I decided to start a position.

I've been a happy Splunk (NASDAQ: SPLK) shareholder for years. The longtime leader in digital data parsing and analytics has had a bumpy ride as of late as it makes its transition to a cloud-first operation, but it's clearly pulling off its transformation and benefiting from a growing market as demand for its software continues to rise.

Source Fool.com