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Gold/Mining/Energy : Angoss Software Corp. V.ANC
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To: Crazy Canuck who wrote (424)4/8/1999 11:44:00 PM
From: keith massey   of 1006
 
Now we get to the best part - the products and industry.

For people that don't know, data mining involves the use of software to automatically explore data to identify patterns, anomalies and correlations which yield useful knowledge about trends, processes and relationships amoung the data elements.

Most of the source I could find or have talked to estimate the data mining as a $1-3 billion/year by the year 2000 with an growth rate of 20-40% after that (e.g Lazard Frères & Co. llc, Report Published March 6, 1998). If ANC can only get 3-5% of that market their revenues and earnings will be staggering.

When this stock came on the market in 1993 there was tons of industry buzz and media hype associated with "business intelligence". This drove the price of ANC to $2. However many companies at the time (even among the largest organizations) were not "ready" for data mining at the enterprise level, because they are trying to resolve front end issues such as database infrastructure investments, data preparation, data quality or other issues. In addition, many small to medium business didn't even keep databases.

However in the past couple of years you can't go to a business without finding at least one database in the works. In addition, larger companies have dramatically expanded their databases and are working out the bugs. Knowledge is power and digital data is being stored at an exponential rate. I can't see how data mining won't be a huge industry in the near future.

Best Regards
KEITH

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