About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Alveo Takes Next Step in Cloud Data Management with Cloud Native Version of Prime

Subscribe to our newsletter

Alveo has made its Prime data mastering and quality management solution cloud native, placing it between cloud-native data platforms and consumers, and providing functionality to make cloud data meaningful and valuable to business use cases.

“There is a lot of data in cloud marketplaces,” says Mark Hermeling, chief technology officer at Alveo. But three things are missing – quality checks; combining or linking multi-source data; and propagating the data. Prime sits between cloud-native data vendors and clients, and does all these things to make the data presentable.”

Prime is cloud vendor agnostic, can process data from many different data sources and can flex and align to new datasets. The cloud-native software can run close to cloud-native data providers to reduce cost, and includes a number of loaders and adaptors to source data from various cloud data providers. The data is then cleansed, integrated and linked with other internal or external data, and propagated to the business or reloaded to the data cloud.

For example, it becomes possible to use an Alveo Snowflake adapter to pick up data from the data cloud, cleanse and link the data to internal data as required by the Prime user, and propagate the data through adapters to the same location, or another location, in Snowflake. The user subscribes to the data, which is permissioned in the context of the client, and the context is used by Prime to get the data in shape for client workflows.

“Firms that are keen to work in the cloud look at Prime as a cloud managed services solution that takes client data from native data clouds, applies integration and other functionality in the cloud, and then returns the data,” says Hermeling.

Prime also includes data governance that can be configured to user requirements, perhaps tracking particular datasets, who cleanses and checks them, and automating any changes in the business process model to ensure all users are aware of the changes. Data lineage covers data flows in the model, identifies any hot spots, analyses problems, and again, makes automated changes in the model where necessary.

Hermeling says: “Most organisations are driving to make all data native. Data then moves from a capex to an opex cost. They are making the transition from on-premise, to a hybrid of on-premise and a link to cloud, and on to cloud-native data over time. The biggest challenge is not technology, but business processes, as people have been doing things in the same way for a long time and change is slow.”

To ease these time constraints, Prime is configurable and can be used to make business process changes in two to four weeks, rather than more conventional IT changes of six to 12 months.

Looking forward, Hermeling says all Alveo’s new software will be cloud native, and Prime capabilities will continue to be extended in line with client demand.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

Arcesium Warns of Data Crunch as US Pension Funds Boost Private Market Bets

Blackstone’s launch of a business unit dedicated to the creation of products that give US pension funds access to private markets has raised the data challenge for many established investment managers. Blackstone is seeking to win pension trustees over to an investment space they had traditionally been wary of or have been restricted from entering...

EVENT

AI in Capital Markets Summit London

Now in its 2nd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...