Big Data - Wikisoft's Big Vision
November 18 2021 - 10:00AM
InvestorsHub NewsWire
November 18, 2021 --
InvestorsHub NewsWire -- In 2017, the fledgling Wikisoft had a big
vision – help businesses large and small in a big way. Our
founders’ goal was to create a company information database and
then share the information to help small companies grow
big.
Since then, the company
has grown, added world class executives to the C-level team and
invested heavily into Big Data technology to fulfill the founders’
vision. It seems the strategy was well-chosen. Here are three facts
to justify it:
- The
global big data technology market size was $41.33 billion in 2019
and is projected to reach $116.07 billion by 2027, at a CAGR of
14.0% in forecast period according to a report published by Fortune
Business Insights, titled “Big Data
Technology Market Size”.
- According to International Data Corporation (IDC), worldwide spending on big data
including business analytics (BDA) solutions is forecast to reach
$215.7 billion this year and shows that BDA spending will gain
strength over the next five years as the global economy recovers
from the COVID-19 pandemic. The compound annual growth rate (CAGR)
for global BDA spending over the 2021-2025 forecast period will be
12.8%.
- In
2020 the European Commission renewed its Data
strategy (Communication: A
European strategy for data 2020) and identified Data as an
essential resource for economic growth, competitiveness,
innovation, job creation and societal
progress.
Former
Domino´s CEO, Carsten Falk who took over just over a year ago
commented: “The company has come a long way since the inception, in
just the last year we have launched the Wikisoft
investor site and relaunched our
flagship Wikiprofile platform which uses big data to
accelerate opportunities globally for businesses and
business professionals. We
followed that entering into a Common Stock Purchase
Agreement with White Lion Capital
LLC for
$20M and uplisted to OTCQB in August. We believe we are in the
right business at the right
time.”
In an in
depth recent interview Proactive
Group, Carsten Falk,
Wikisoft’s CEO discusses how the company use the power of big
data. Wikiprofile.com has a company data set exceeding 175 million
business profiles that are continuously
updated.
ABOUT WIKISOFT
CORPORATION
In line with increasing globalization, we believe that there is a
growing demand for access to credible company and employee
information worldwide. Wikisoft's flagship online
platform, Wikiprofile.com, aims to be a powerful solution with
tools and resources for businesses and business professionals. Our
vision is to create opportunity globally for business people and
companies to make informed career and hiring decisions. Manifesting
this vision requires scaling information technology with high data
validity across the key pillars: business professionals,
businesses, job opportunities and professional skills. By pursuing
this vision, we believe Wikisoft Corp. can enable users to connect
to business opportunities on a global scale. In line with
increasing globalization, there is a growing demand for access to
credible business and employee information worldwide.
FORWARD-LOOKING
STATEMENTS
This press release contains statements of a forward-looking nature
about the Company. You can identify these forward-looking
statements by words or phrases such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe,"
"is/are likely to," "future" or other similar expressions. The
Company has based these forward-looking statements primarily on the
Company's current expectations and projections about future events
and financial trends that the Company believes may affect Company's
financial condition, results of operations, business strategy, and
financial needs. There is no assurance that the Company's current
expectations and projections are accurate. All forward-looking
statements in this press release are based on the Company's
information on the date hereof. These statements involve known and
unknown risks, uncertainties, and other factors that may cause the
Company's actual results to differ materially from those implied by
the forward-looking statements. The Company operates in a rapidly
evolving environment. New risk factors emerge from time to time.
The Company does not undertake any obligation to update or revise
the forward-looking statements except as required under applicable
law. This press release does not constitute or form part of any
offer or invitation to purchase, otherwise acquire, issue,
subscribe for, sell or otherwise dispose of any securities, nor any
solicitation of any offer to purchase, otherwise acquire, issue,
subscribe for, sell, or otherwise dispose of any securities of the
Company. The release, publication or distribution of this
announcement in certain jurisdictions may be restricted by law and
therefore persons in such jurisdictions into which this
announcement is released, published or distributed should inform
themselves about and observe such restrictions.
CONTACT
WikiSoft Corp.
315 Montgomery Street, San Francisco,
CA 94104, USA
Phone: +1-800-706-0806
Email: investor@wikisoft.com
Investor site: www.wikisoft.com
SOURCE: WikiSoft
Corp.
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