The days of hosting big technology and staff or spending thousands to access fast information are over. The Data Cloud has risen to the forefront of allowing our customers to access financial data at breakneck speed. Organizations no longer need a massive budget to compete or build financial models based on the rich data FactSet traditionally provides.
Continuus is a strategic partner with FactSet, a Snowflake Premier Partner, and a Snowflake Financial Services competency badge holder. With the Snowflake and FactSet integration combined with our expertise in both, our clients can consume the vast FactSet datasets they need in the manner of their choosing. This allows for a more streamlined and efficient process to consume data securely without unnecessary data movement.
Previously, organizations were limited to accessing FactSet’s products from FactSet data centers with large on-premise equipment. Today, the public Data Cloud has opened another avenue through which our clients can benefit from FactSet’s services: to cater to the needs of its clients, regardless of their location and without the costs of internal IT resources.
Factset on the Snowflake Data Cloud provides the ability to achieve newfound dexterity by introducing multi-faceted advantages around agility of the infrastructure. Users are quickly able to trial the data they desire and improve product performance by leveraging the Cloud’s reach without the large hardware spend.
Key Benefits of the Snowflake + FactSet Integration:
- Eliminate management of data loaders (SFTP, flat files, emails, batch schedulers) for high volume, frequently updated data
- Re-focus IT resources on value-add activities to leverage data rather than wasting engineering time babysitting file transfers, network connectivity, and ever changing ETL requirements
- Achieve endless scalability for complex analytics, using the autoscaling features of Snowflake to enable data science teams to focus on delivering results, not fighting over scarce on-prem resources
- Enable teams to prioritize what's important to them and not be constrained by other teams; e.g. data science and quarter-end client reporting can now run simultaneously as needed, without needing to pay for any capacity to sit idle during non-concurrent periods
- Utilize tools such as Snowflake's Snowpark for building analysis natively in the cloud, meaning no more transferring large datasets over the wire just to overload dev machines and run out of resources
- Trial, explore, and discover insights from data at the speed of the person, not the speed that the IT department can onboard a new set of files to an obscure, isolated environment
Want to learn how the Data Cloud help you drive changes in your organization to help your business grow? Contact Continuus to talk to our experts today.
Stay tuned for more insight into The Power of Snowflake and FactSet from Continuus!
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