1. The volume of business data worldwide, across all companies, doubles every 1.2 years, according to estimates.
2. Walmart handles more than 1 million customer transactions every hour, which are imported into databases estimated to contain more than 2.5 petabytes (2560 terabytes) of data – the equivalent of 167 times the information contained in all the books in the US Library of Congress.
3. Google handles roughly 200 billion searches per month.
4. Facebook handles 50 billion photos from its user base.
Yes..We are dealing with big…really big data…The modern technologies are shaping to handle the growing data. Let us introduce 3 buzzing keywords in technology world. BigData!!!…Internet of Things!!!…and Cloud Computing!!!!
You all aware that Consumer product companies and retail organizations are monitoring social media like Facebook and Twitter to get an unprecedented view into customer behavior, preferences, and product perception. These are basically big data projects. Big data usually includes data sets with sizes beyond the ability of commonly used software tools to capture, curate, manage, and process data within a tolerable elapsed time.
Internet of Things
The Internet of Things (IoT) is the network of physical objects or “things” embedded with electronics, software, sensors and connectivity to enable it to achieve greater value and service by exchanging data with the manufacturer, operator and/or other connected devices.
Cloud computing is a computing term or metaphor that evolved in the late 2000s, based on utility and consumption of computer resources. Cloud computing involves deploying groups of remote servers and software networks that allow different kinds of data sources be uploaded for real time processing to generate computing results without the need to store processed data on the cloud. Clouds can be classified as public, private or hybrid.
Future Going Forward
The swaying technology forecast of 2015 says– big data is about to take a kick off with a torrid pace. Pushing itself further into the enterprises with tremendous specifics like – real time use cases, big data is soon-to-be the new leader and impact businesses as it happen. Big data initiatives are rapidly increasing in the enterprises and swiftly turning towards deployment. There is an enormous user data available out in the network, and this vast amount of information can be exhaustively used by companies to make improvement in their products and ensure their customers come-back.
Kellton Tech History
Now we are introducing a company which mainly concentrate on the above areas and probably can be a multibagger going forward – Kellton Tech. The word “Kellton” is derived from combining the school names Kellogg and Wharton – the alma maters of two of our founding members.
Well Defined Plans Ahead
Currently Kellton Tech Solutions Ltd is looking at two to three acquisitions by the next fiscal and will hire around 500 staff globally this year as part of its plans to grow into a $100 million company by March 2016. Kellton Tech plans to open its new office at Cupertino, California and seeks to hire around 500 people in 2015 across a wide range of technologies across the globe, including Hyderabad.
Company is run by Niranjan Chintam, Chairman, and Krishna Chintam, Managing Director,along with few IIT Kanpur passouts. We feel that they have the right vision and their plans can materialize if pushed harder.
We believe that company is capable of doing wonders. Investors can start accumulating the stock at current price of 66. Since market is in corrective mode, we request followers to buy in chunks keeping an average price of 60 in mind.