There are abundant big data stocks to invest in the market but choose the best for your good growth

Big data stocks may not appear to be the most exciting technological investments available. But the companies that support them offer a service that is becoming more crucial. The amount of data being processed has exploded and resulted in the spread of technology, including smartphones, cloud computing, and the IoT.

The best big data stocks will depend on your investment objectives and portfolio; while the top big data stocks with high volatility may be ideal for day traders, long-term investors should search for firms with more consistent returns over time. The popularity of data stocks to buy has also increased the number of initial public offerings available to investors. Big Data companies can approach the market in a variety of ways and focus on particular sectors thanks to the enormous numbers and wide range of information that's gathered. Weighting the list more heavily toward popular big data stocks for 2023.

Let's dive into the top 10 big data stocks for 2023-

1.Worldwide Business Machines (IBM)

Worldwide integrated solutions and services are offered by International Business Machines Corporation. The firm is divided into four divisions: infrastructure, software, consulting, and financing. Software for business automation, AIOps and management, integration, and application servers, data and artificial intelligence solutions, and security software and services for threat, data, and identity are all provided by the Software segment. Red Hat, an enterprise open-source solution, is another example of a software solution in this category.

Capitalization of the market: $109,987,430,400

2.Alteryx (AYX)

Asia-Pacific, Europe, the Middle East, Africa, Latin America, and other regions are all where Alteryx, Inc. conducts business. Organizations can improve business outcomes and the output of their business analysts, data scientists, citizen data scientists, and data engineers by using the company's analytics platform.

Monetary value of the market: $3,995,616,768

3.MongoDB (MDB)

A worldwide general-purpose database platform is offered by MongoDB, Inc. The company provides three types of databases: MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database that includes the features that developers need to get started with MongoDB. MongoDB Enterprise Advanced is a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment.

Capitalization of the market: $13,033,051,136

4.Splunk (SPLK)

Together with its subsidiaries, Splunk Inc. offers software and cloud solutions that supply and operationalize insights from the data produced by digital systems both domestically and abroad. The business provides Splunk Platform, a real-time data platform with capabilities for data management, alerting, streaming, indexing, search, reporting, and analysis.

Capitalization of the market: $13,372,313,600

5.Snowflake (SNOW)

A cloud-based data platform is offered both domestically and abroad by Snowflake Inc. Data Cloud, a feature of the company's platform, enables users to combine their data into a single source of truth to get actionable business insights, create data-driven applications, and share data.

Capitalization of the market: $55,081,603,072

6.Palantir Technologies Inc. (PLTR)

For the US intelligence community to support counterterrorism operations and investigations, Palantir Technologies Inc. develops and implements software platforms. In addition to facilitating the handoff between analysts and operational users, the company offers Palantir Gotham, a software platform that enables users to find patterns hidden deep within datasets, including reports from confidential informants to signals intelligence