) analytical platform, Vertica, has been chosen by
), a provider of health care delivery systems.
H-P's Vertica Analytics Platform, part of the HP HAVEn
initiative has provided Cerner with the required analytics and
data management services and solutions to improve the performance
of Cerner's Millennium and Health Facts solutions.
Leveraging H-P's Vertica Analytics Platform, Cerner is now
able to manage and analyze large amounts of information for
efficient and advanced clinical analysis and improved patient
H-P has realized that better management and analysis of data
can help companies efficiently manage their customers. With this
in mind, H-P has recently shifted its focus toward the analytics
market. However, other consulting and IT companies such as
International Business Machines
) and Cognizant Technologies have been in the analytics market
for quite some time which might make it difficult for H-P to pick
up market share.
As per a recent research report published by Gartner, the
global analytics and business intelligence market is expected to
grow 7.0% in 2013. Though this growth rate seems decent, it is
low compared with the 16.0% growth estimated for 2011.
Gartner also expects the growth rate to remain in the
single-digit range for the next few years. At the end of 2013,
the analytics and business intelligence market will remain at
$13.8 billion and grow to $17.1 billion by 2016.
Nonetheless, H-P is still reeling under pressure from the
declining PC business and broad-based revenue declines from its
other revenue generating segments. The company has also hinted at
muted revenue growth in 2014.
However, H-P's growing focus on new business segments, such as
electronic medical records, cloud computing and the recently
added analytics will help the company to grow in the coming
Currently, H-P has a Zacks Rank #3 (Hold).
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