A-Team Insight Blogs

FactSet Adds Proprietary Data to Snowflake Cloud Built SQL Data Warehouse

Share article

FactSet’s deployment of its proprietary datasets on the Snowflake cloud data platform is designed to provide investment professionals with immediate and scalable access to content in a cloud-built SQL data warehouse. By offering its data through Snowflake, FactSet expects to reduce the time and effort it takes for clients to integrate and use new datasets.

On a broader basis, Snowflake helps firms centralise, integrate and analyse all their data sources, ensuring consistent and transparent data integrity, and supporting faster and more cost-effective decision making than traditional data management solutions. For FactSet users, Snowflake allows the use of FactSet data alongside additional content already hosted on the platform, which runs across Amazon Web Services, Microsoft Azure and Google Cloud Platform. This availability gives users immediate and secure access to data for evaluation and testing, eliminating the need for extract, transform, and load (ETL) processes.

Christian Kleinerman, vice president of product at Snowflake, describes FactSet as a trailblazer in the financial data and software industry in terms of extending access to its data in an open and flexible way. He adds: “Snowflake is committed to enabling clients break down barriers to real-time data access both within their organisations and externally with business partners.”

Gene Fernandez, chief technology and product officer at FactSet, adds: “Delivering FactSet data through Snowflake provides faster access to data whenever and wherever our clients need it, regardless of their location or what cloud platform they use.”

Snowflake’s architecture separates data computation from storage, giving users the ability to quickly and easily scale their resources for unlimited concurrent users. The platform delivers governed access to all content across the three cloud providers mentioned above and serves as an integrated environment where clients can build data applications in a cost and time efficient way. Pricing is based on per-second usage, which Snowflake says is a fraction of the cost of traditional data management solutions.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: How to leverage the LIBOR transition to improve your data management game

The transition away from LIBOR (London Interbank Offered Rate) is well underway, but there remains considerable ambiguity around how the final stages will be executed – especially with regards to benchmark replacements in markets outside the UK. What are the options, where are the uncertainties and what stage have firms reached in their preparations? The...

BLOG

SimCorp Launches Buy-Side Managed Data Service

SimCorp, a provider of investment management solutions, has launched a new managed data service for the global buy-side in collaboration with Zurich Insurance Group and global buy-side institutions from its existing client community. Aiming to offer operational efficiency, data advisory and multi-asset class coverage in one data management solution, the managed service provides validated data...

EVENT

Data Management Summit Europe Virtual

We’re thrilled to introduce you to our new Data Management Summit Europe Virtual event. Yes that’s right, all the fantastic content shared by A-Team’s unique community of practitioner experts that you’ve come to know and love from our Data Management Summit live events in London is now going to be made available to you online, so you can watch or listen at your leisure – whether that’s in your office, on your commute, or from the comfort of your own home.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...