Alternet Systems, Inc. (ALYI) Preparing to Launch Suite of Solutions for Big Data Analytics Space
In a recent interview with QualityStocks, Henryk Dabrowski, chairman and chief executive officer of Alternet Systems, Inc. (OTCQB: ALYI), described the company’s 2014 sale of majority-owned subsidiary Utiba Americas as a turning point in its efforts to reinvent its business. Since then, Alternet has refined its focus toward two high-growth opportunities in an effort to promote maximized value for shareholders while establishing a sustainable foothold in potentially expansive payment markets.
“Alternet in 2016 will effectively have launched two lines of business, which are solutions for the payment processing industry,” Dabrowski stated during the interview. “We will also have launched our suite of solutions for the data analytics space where we will be targeting markets in the U.S. and Latin America.”
Because of the rapidly expanding demand for big data analytics solutions, the company’s upcoming venture into the big data industry is particularly intriguing. According to reports by the International Data Corporation, the big data technology and services market will grow at a compound annual growth rate of approximately 26.4 percent through 2018, which is about six times larger than the growth rate of the overall information technology market. At this pace, the market for big data services will surpass $41.5 billion in less than four years.
While this expected growth is certainly noteworthy, the biggest benefit for Alternet likely lies in the current distribution of market share throughout the industry. While tech giants such as HP (NYSE: HPQ), SAP (NYSE: SAP) and GE (NYSE: GE) have certainly thrown their hats into the big data ring, the market has maintained a relatively low barrier of entry for firms with innovative solutions addressing niche demands. Splunk, Inc. (NASDAQ: SPLK) is one example of a startup in the big data field that, through a dedication to innovation and improved user experience, has grabbed a significant portion of the market while achieving a 115 percent increase in gross profit in just two years.
Since 2014, the Alternet management team, under the experienced leadership of Dabrowski, has effectively executed a shift from previous technologies to viable, high-growth market opportunities. Keep the company on radar as it focuses on making progress toward the launch of its new business lines in the coming months, giving it an opportunity to promote rapid and sustainable growth.
For more information, visit www.alternetsystems.com
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