Today, major worldwide full-service technology supplier VentureDive announced that it has agreed to buy NexDegree, a leading provider of data products and solutions. The two businesses will work together to develop complete technological solutions that harness the power of data to boost growth as a result of this strategic purchase.
Industry publications predict that the worldwide big data analytics market will expand at a CAGR of 13.4%, from $271.83 billion in 2022 to $655.53 billion in 2029. Talented people who can evaluate the data and make conclusions from it are needed to keep up with this enormous expansion. Data scientists and analysts are paving the road for future innovation by extracting information from enormous data volumes to provide valuable insights.
“The digital enterprise of the future is being reimagined today with the use of Artificial Intelligence (AI) making massive amounts of data actionable. In this rapidly evolving space, constantly building new capabilities is key, and NexDegree will further enhance our AI and data science capabilities to strengthen value delivery to our global clients,” Atif Azim, CEO of VentureDive, stated.
NexDegree CEO Imran Moinuddin said: “VentureDive’s expertise in developing world-class scalable solutions merge nicely with NexDegree’s experience in data-centric value delivery for enterprise and the usage of cutting-edge technology.” “We are sure that by combining our talents and knowledge, we can support global corporate customers in leveraging data to address the most difficult issues of the future.”
Within September 2022, the transaction is anticipated to conclude. Financial details weren’t made public.
To read our blog on “Meta acquires NUST graduate’s Al-based company,” click here
