BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE
Prnewswire | May 17, 2023
Crux, a pioneer in the external data integration, transformation, and observability space, today announced the launch of the Crux External Data Platform ("EDP"), the first SaaS offering that enables enterprises to automate the onboarding of any external dataset directly from vendors into their organization, driving better, faster decisions. The new self-service cloud platform allows data teams to onboard and transform external data for analytics use up to ten times faster than traditional manual methods.
"The Crux External Data Platform is truly transformative," said Will Freiberg, CEO of Crux. "Just as the cloud made it possible for enterprises to reduce infrastructure and maintenance costs, consolidate on-premises data warehouses, scale on-demand, and immediately access key resources, the Crux platform removes critical pre-processing bottlenecks, empowering data engineers to onboard external data products into their data warehouse or cloud analytics environments in minutes."
External data from governments, non-profits, and commercial data vendors is a critical business resource in many sectors such as finance, supply chain, retail, healthcare, and insurance. Crux has partnerships with over 265 leading data providers including MSCI, Moody's, S&P, SIX, FactSet, and Morningstar.
Crux builds data pipelines at scale, offering enterprises the ability to ingest any custom data source, and operates more than 60,000 pre-engineered pipelines to deliver external datasets in a data science and analytics-ready format. Now, Crux is making its robust capabilities directly available to data engineers with the Crux External Data Platform. Through its multi-tenant, secure SaaS platform, Crux ensures data is delivered reliably with protected, role-based access and customizable operations applicable to data products, connections, notification policies, users, and system wide settings. The platform reduces the need for expensive infrastructure and increases of velocity of data engineering teams. Additionally, EDP presents customers with one centralized data hub for visibility into the health and performance of their organization's catalog of external data pipelines. With intuitive automation and pattern recognition, data teams can immediately select and access new datasets, minimizing the time and effort required to access new data for faster insights.
According to a Gartner® report, "The increased adoption of cloud as a data platform has exacerbated existing challenges with application time to market, data quality and integration issues, analytics shortfalls, poor performance, and cost management. Data professionals are turning to artificial intelligence (AI)- and machine learning (ML) driven automation in hopes of better optimizing these data management (DM) related areas."1
Early customers, including Two Sigma and Goldman Sachs, are leveraging the platform's advanced AI and ML capabilities to automate and streamline data workflows, decreasing the need for manual intervention and improving accuracy. With robust security and governance features, the platform ensures data is handled in a compliant and secure manner.
"Managing external data is a special kind of hard," said Dan Lynn, SVP of Products. "Now, Crux provides the industry's first self-service SaaS platform for data integration, transformation, and observability that is specifically designed to tackle the unique challenges of external data. It's an opportunity for data engineers to flip the ratio from 70% of time spent preparing data to 70% of time driving higher value analytics and insights."
"Integrating, transforming, and absorbing data into our pipelines is a key focus for us," said Jeff Wecker, CTO, Two Sigma. "Crux's EDP product launch will help us scale the capacity of our data pipelining activities, delivering a quicker path to high-quality data sets and faster access to systematic data-driven insights for our researchers."
"We are excited to have collaborated with Crux in shaping their product roadmap and helping drive towards the launch of Crux's new EDP offering," said Abhishek Narang, Managing Director & Tech Fellow, Data Engineering at Goldman Sachs. "Leveraging Crux in our Data Engineering framework and the Legend Platform at Goldman Sachs has further reduced the time-to-value of our third-party data assets, helping to enable us to operate more efficiently and best serve clients. With the launch of EDP, it is satisfying to see so much of the work we have accomplished together now mechanized in an easily accessible self-service product offering."
Crux is a cloud-based data integration, transformation, and operations platform that accelerates the value realization between external and internal data. Crux partners with our customers to ensure they get the data they need, how they need it and where they need it. Its team builds data pipelines at scale and operates over 60K pre-engineered pipelines, delivering public and external datasets to the destination of choice. Crux pipelines come with embedded data monitoring, validations, and transformations, and are supported 24/7 by our global operations team. Crux was awarded a Google Cloud Customer Award in 2021 in the Cross-Industry category. Crux works with enterprise clients and is backed by Two Sigma, Goldman Sachs, Morgan Stanley, and Citi, among others.
BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE
Businesswire | May 02, 2023
VettaFi, a data, analytics, digital distribution, and thought leadership company that helps asset managers solve their most pressing and complex challenges, is today announcing that SigmaLogic, creator of LOGICLY, is the newest component of the firm’s robust suite of data and analytics solutions.
LOGICLY is a leading web-based platform that allows financial advisors and asset managers to streamline the investment research process and to have access to comprehensive portfolio management capabilities, real-time alerts, and advanced analytics.
SigmaLogic, a U.S.-based fintech firm, had previously been part of TMX Group, which announced a strategic investment in VettaFi at the start of the year. As the LOGICLY offering was deemed to be an excellent fit for VettaFi’s fast-growing community of financial advisor and asset manager clients, the decision was made to bring SigmaLogic and LOGICLY under the VettaFi umbrella.
“The market performance analytics approach that the LOGICLY team has built is an excellent complement to the behavioral analytics solutions that forms the core of so much of what VettaFi does,” said Tom Hendrickson, President of VettaFi. “We’re thrilled that our partners at TMX Group so clearly share our vision of making VettaFi the source of truth for advisors and asset managers, not just in the depth, breadth, and accessibility of data, but also in making that data actionable to help streamline their businesses."
Launched in 2017 and led by Emil Tarazi, LOGICLY has grown and evolved to integrate a range of leading-edge technologies, including artificial intelligence, portfolio analysis and operation, and in-depth trading analytics. The result is a highly intuitive web-based platform that allows advisors and managers to more closely screen and compare investment products through a range of risk and exposure lenses, more easily identifying potential opportunities and avoiding potential pitfalls that might not otherwise be readily apparent.
As part of the transaction, TMX Group is receiving additional common equity of VettaFi. The transaction closed on April 21, 2023.
“The addition of SigmaLogic’s LOGICLY, a leading provider of advanced insights and analytics tools, will strengthen VettaFi’s global client offering and enhance the value of TMX Datalinx and VettaFi’s existing commercial relationship,” added Jay Rajarathinam, Chief Operating Officer, TMX Group.
In the coming months, LOGICLY will be integrated into the VettaFi offering and data ecosystem, while the team continues to deliver against its product roadmap, now accelerated by the addition of this robust suite of portfolio research and advanced investment analytics tools.
More information on VettaFi can found here: https://vettafi.com/
VettaFi LLC, a data, analytics, and thought leadership company, is transforming financial services from an industry to a community—one relationship at a time. Engaging millions of investors annually, VettaFi cultivates an industry leading data-driven platform, built to empower and educate the modern financial advisor and institutional investor.
In addition to providing interactive online tools and research, VettaFi offers asset managers an array of indexing and digital distribution solutions to innovate and scale their businesses.
BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, BUSINESS STRATEGY
Businesswire | May 12, 2023
Yugabyte, the leading open source distributed SQL database company, today announced that YugabyteDB has become the first distributed SQL database to earn the Trusted Cloud Provider trustmark from the Cloud Security Alliance (CSA). CSA is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment.
Built upon existing CSA programs, the Trusted Cloud Provider program enables consumers to pick cloud providers that demonstrate their commitment to holistic security and that align with their individual security requirements.
“Security and data privacy processes are critical to how we design and operate YugabyteDB, whether it’s consumed as a self-managed or fully-managed database as a service (DBaaS). We recognize that security is a priority for enterprises undergoing database modernization initiatives,” said Maurice Olsen, Director, Information Security and Compliance, Yugabyte. “As the company behind the distributed SQL database of choice for business-critical workloads, we are committed to delivering the necessary features and processes to ensure YugabyteDB safely manages large amounts of critical data in production environments.”
Yugabyte is on a mission to become the cloud native database for business-critical applications. Delivering and demonstrating robust data security is key to this mission. Security and privacy are embedded from the very start into Yugabyte’s company ethos, products, and product development process to meet modern compliance requirements. Earning the CSA Trusted Cloud Provider trustmark shows Yugabyte’s ongoing commitment to meeting stringent security requirements and follows recent announcements on achieving ISO 27001 certification and completing our SOC 2 Type 2 attestation.
“As an early pioneer in the fast-growing category of distributed SQL databases, we are thrilled to have Yugabyte join other cloud database providers like Amazon, Google and Microsoft in earning CSA’s Trusted Cloud Provider trustmark,” said Jim Reavis, CEO and co-founder, Cloud Security Alliance. “The mark demonstrates the ongoing commitment Yugabyte has made to following best practices to help ensure a secure cloud computing environment.”
To become a CSA Trusted Cloud Provider, organizations must:
Have a current entry in the CSA Security, Trust, Assurance & Risk (STAR) registry.
Ensure at least one current member of staff has achieved the CSA Certificate of Cloud Security Knowledge (CCSK).
Be a corporate member and volunteer at least 20 hours annually to CSA for activities such as research working groups, chapter events, blog posts, and other work for the common good.
About the Cloud Security Alliance
The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, certification, events and products. CSA’s activities, knowledge and extensive network benefit the entire community impacted by cloud — from providers and customers, to governments, entrepreneurs and the assurance industry — and provides a forum through which diverse parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.
Yugabyte is the company behind YugabyteDB, the open source, high-performance distributed SQL database for building global, cloud-native applications. YugabyteDB serves business-critical applications with SQL query flexibility, high performance and cloud-native agility, thus allowing enterprises to focus on business growth instead of complex data infrastructure management. It is trusted by companies in cybersecurity, financial markets, IoT, retail, e-commerce, and other verticals. Founded in 2016 by former Facebook and Oracle engineers, Yugabyte is backed by Lightspeed Venture Partners, 8VC, Dell Technologies Capital, Sapphire Ventures, and others. www.yugabyte.com