Rising investments in big data and analytics by various enterprises to gain insights about consumer behavior and trends indicate a positive outlook for the data analytics industry. The demand for secure cloud-based data platforms is expected to help Palantir (PLTR) and Cloudera (NYSE:CLDR) grow substantially in the coming months. But let’s find out which of these stocks is a better buy now.Palantir Technologies Inc. (PLTR) delivers a suite of software applications for integrating, visualizing, and analyzing information and serves commercial businesses and governments worldwide. The company has built two software platforms: Palantir Gotham and Palantir Foundry. It also offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions.
Cloudera, Inc. (CLDR) develops a platform for data management, machine learning and advanced analytics. The company offers software subscriptions and public cloud services for its data hub, data warehouse, machine learning, dataflow, and Hortonworks data platform. It serves corporate enterprises and public-sector organizations primarily through its direct sales force.
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