SimCorp launches Cloud Data Warehouse for data services
06 December 2021 Denmark
Image: kras99
SimCorp has launched Cloud Data Warehouse, powered by Snowflake, for clients’ investment and analytics needs.
Data Cloud Warehouse enables SimCorp clients to access all the data they require when they need it, allowing new sources of data to be rapidly onboarded when required, radically reducing the time to value.
Simcorp’s Cloud Data Warehouse’s capabilities include near-unlimited concurrency which virtually eliminates data contention and latency issues for clients and data consumers, whether in reporting, data analytics or data science.
The solution also offers a standardised Investment Management Warehouse which gives clients access to an investment management data model.
The new solution was developed as part of the Snowflake programme, launched in June 2021.
It is designed to accelerate the delivery of differentiated applications on Snowflake by supporting developers across all stages of the application journey in Snowflake's Data Cloud.
Clients can augment their own investment data with third-party data from the Snowflake Data Marketplace and other data sources, giving faster access to the data.
Snowflake’s Data Marketplace offers end-to-end data governance, providing the needed transparency for managing data model enhancements and reducing operational risk with a fully maintained and supported solution.
It also houses an AI-powered analytics and integrated visualisation layer which provides clients faster and easier ways to make data-driven decisions.
Marc Schröter, SimCorp senior vice president of offer management at SimCorp, says: “The combination of our deep expertise in data management and a state-of-the-art cloud data architecture leveraging Snowflake allows our clients to fuel the endless demands for data they see within their organisations. Likewise, the broader SimCorp offer strategy is heavily dependent on a strong data foundation; we will therefore continue to drive innovation in this space to support our existing and future portfolio of offers.”
Alison Tierney, general vice president of Europe, Middle East and Africa, at Snowflake comments: “Snowflake enables Simcorp to power its applications and benefit from Snowflake's near-unlimited scale, elasticity, and access to an ecosystem of financial data through the Snowflake Data Marketplace, providing customers with a seamless data experience.”
Data Cloud Warehouse enables SimCorp clients to access all the data they require when they need it, allowing new sources of data to be rapidly onboarded when required, radically reducing the time to value.
Simcorp’s Cloud Data Warehouse’s capabilities include near-unlimited concurrency which virtually eliminates data contention and latency issues for clients and data consumers, whether in reporting, data analytics or data science.
The solution also offers a standardised Investment Management Warehouse which gives clients access to an investment management data model.
The new solution was developed as part of the Snowflake programme, launched in June 2021.
It is designed to accelerate the delivery of differentiated applications on Snowflake by supporting developers across all stages of the application journey in Snowflake's Data Cloud.
Clients can augment their own investment data with third-party data from the Snowflake Data Marketplace and other data sources, giving faster access to the data.
Snowflake’s Data Marketplace offers end-to-end data governance, providing the needed transparency for managing data model enhancements and reducing operational risk with a fully maintained and supported solution.
It also houses an AI-powered analytics and integrated visualisation layer which provides clients faster and easier ways to make data-driven decisions.
Marc Schröter, SimCorp senior vice president of offer management at SimCorp, says: “The combination of our deep expertise in data management and a state-of-the-art cloud data architecture leveraging Snowflake allows our clients to fuel the endless demands for data they see within their organisations. Likewise, the broader SimCorp offer strategy is heavily dependent on a strong data foundation; we will therefore continue to drive innovation in this space to support our existing and future portfolio of offers.”
Alison Tierney, general vice president of Europe, Middle East and Africa, at Snowflake comments: “Snowflake enables Simcorp to power its applications and benefit from Snowflake's near-unlimited scale, elasticity, and access to an ecosystem of financial data through the Snowflake Data Marketplace, providing customers with a seamless data experience.”
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