Xenomorph, an analytics and data management solutions provider, has launched TimeScape MarketPlace, a cloud-based data solution for publishing and consuming financial markets data and analytics, on Azure, Microsoft’s cloud computing platform.
TimeScape MarketPlace “enables multi-user and multi-organization access to published data sets and analytics in the cloud, and adds integration with Microsoft Power BI for Office 365,” Xenomorph says in a statement. “Using TimeScape MarketPlace combined with Microsoft Power BI, users can, for example, easily and securely integrate positional data from a variety of on-premise databases with data and analytics from multiple vendors in the cloud.”
“Financial services firms are increasingly looking at cloud technology to reduce costs and increase agility,” Virginie O’Shea, a senior analyst at Aite Group, observes in a prepared statement. “Combining Data as a Service with data management completes part of the cloud technology puzzle by accelerating the innovation of new content and services through co-operation between partners sharing and building upon a common technical infrastructure.”
The integration of market, reference and derived data has long been “a problem for many organizations,” says Brian Sentance, Xenomorph’s CEO. “From the data vendor perspective, historically it has also been a challenging process to deliver high quality data to wherever users would like to consume it. TimeScape MarketPlace addresses both of these issues – consumers can access data anywhere through one set of cloud-based interfaces, whilst those organizations with data to sell get the value-add data cleansing, validation and delivery tools they need.”
Need a Reprint?
Leave a Reply