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2020 was unforgettable and unstable year. However, digital ecosystem has demonstrated great stability and growth having made significant transformation for a few months.

Data technologies (artificial intelligence, machine learning, data infrastructure) and cloud technologies are in the center of the digital transformation. That’s why companies from the digital ecosystem could survive and prosper in such difficult period.

Snowflake (data warehouse provider) became the most striking example of this. In September 2020 it was transformed to a public company with $69 billion market cap (by that time it was the biggest software IPO).

Palantir became the second instance. This is US based company that develops data analytics software for organizations. The company became public via direct listing and achieved $22 billion market cap.

Without doubt a lot of economic factors like consumer trust, inflation, developing of economy etc. have influence on business success. But financial market dictates its own rules according to the new reality. Each company that strives to be successful, has to be a data-oriented company.

It’s worth to remark that data technologies have own requirements, but some of them assume completely another concept and reasoning. Such artificial intelligence method as machine learning is too strong technical segment. A project success amount to 90-95%. Such rates effect more on artificial intelligence products evolution.

In the last few years companies began to demand more from digital decision providers. For example, they want to process bigger data value faster and chipper or use machine learning models wider. There is a logical connection since companies’ management began to understand benefits and get profit from such decisions.