From collection to analytics, these 120+ startups are increasing the quantity and quality of data in the enterprise.
The amount of annual data produced around the world is set to quadruple from approximately 45ZB to over 175 ZB by 2025.
Most of this will come from the billions of connected sensors that are becoming more ubiquitous in our everyday lives. The IoT market is expected to reach $440B by 2020, according to CB Insights’ Market Sizing tool.
But after data is collected from IoT devices and other sources, it must be stored, secured, prepared, integrated, and analyzed before it can provide value to an organization. Collectively, these processes are referred to as the data life cycle.
Each stage in the cycle plays ensures the success of all subsequent stages. For example, data cannot integrate into an analytics service until it’s properly prepared.
The market for data management and analytics is expected to reach $132B in revenue by 2020, and this represents only a fraction of the overall data life cycle management space. Today, startups are improving all phases of the data life cycle to ensure accuracy, improve efficiency, limit vulnerabilities, and more.
Below, we identify 124 data life cycle management tech companies using CB Insights data. We define data life cycle management broadly to include any organization collecting, storing, securing, preparing, integrating, or analyzing data for the enterprise.