BIG DATA MANAGEMENT

MayStreet Launches Next Generation of Market Data Analytics Product

MayStreet | March 02, 2022

MayStreet, the industry’s leading market data technology and content provider, today announced the launch of the next generation of Analytics Workbench, the firm’s ready-to-use, cloud-based market data analytics environment. Through Analytics Workbench, data analysts can quickly and efficiently query the MayStreet Market Data Lake to drive mission-critical trading workflows without having to manage data capture, delivery or storage.

Key features of new Analytics Workbench include the ability to:

  • Query and extract data using Python or R for analysis within Workbench or in any other location, whether in the cloud or on-premise
  • Leverage pre-configured Jupyter® notebooks to support out-of-the-box query capabilities
  • Perform ad-hoc analyses or schedule batch jobs to support ongoing reporting requirements
  • Instantly parallelize and scale ad-hoc or scheduled code across the cloud with integrated support for Dask clusters
  • Upload internal order data or other third-party data to leverage in conjunction with MayStreet market data to support TCA, fill analysis and best execution reporting
  • Query results provided in normalized or raw PCAP formats and create reports using powerful visualization tools
  • Flexible deployment options, either fully managed within MayStreet’s cloud environment or integrated within a client’s cloud
  • Achieve performance objectives with optimized cluster parallelization

“The completely revamped Analytics Workbench realizes our goal of letting users bring their queries to our data, freeing them from the difficult and costly work of managing the data themselves. For the first time, our vast repository of ultra-high-quality global market data is accessible in a ready-to-use environment that leverages cloud economics. It’s also highly customizable, letting clients choose the level of performance they desire so that costs can be managed based on their needs. For capital markets data analysts, the new Analytics Workbench is a true gamechanger.”

Naftali Cohen, MayStreet’s Chief Revenue Officer

Dave Thompson, Senior Vice President, Frontend Engineering, added: “In the process of redeveloping Analytics Workbench from the ground up, we identified several tools such as Dremio, Dask and Jupyter that could elevate its performance, functionality and scalability. By integrating these and other technologies, we have been able to create a truly modern data access and analytics tool built for the cloud. We’ve had many conversations with clients over the past 18 months about their hopes for a product like this, and we’re very pleased with the end result.”

The new version of Analytics Workbench is currently being used by multiple clients, including a global investment bank, an exchange and a quantitative hedge fund. MayStreet expects additional clients to begin using the product over the coming weeks. Analytics Workbench was used by market structure researchers Robert Bartlett, Justin McCrary and Maureen O’Hara for their recent paper on the impact of odd lot quotes.

“MayStreet’s comprehensive, high-quality exchange data allowed us to document the vital importance of odd lot quotes in today’s equity markets, especially for higher-priced stocks,” said Bartlett, Faculty Director at the Berkeley Center for Law, Business and the Economy. “Without reliable access to the historical data feeds for all exchanges, such a study would simply not be possible given that these quotes are excluded from the SIP data. Additionally, leveraging MayStreet’s Analytics Workbench gave us the computational capacity we needed to process quickly the vast quantities of data.”

MayStreet’s release of Analytics Workbench is the latest in a series of enhancements to the MayStreet Market Data Lake. Other recent enhancements include access through a new High Performance Query (HPQ) API, the introduction of full-depth-of-book data for all US listed options markets and the round out of its global coverage with the addition of all major equities and futures markets in Asia-Pacific.

About MayStreet
MayStreet delivers the highest-quality, most complete global market data available. The firm’s solutions – which include the highly accessible Market Data Lake feed repository and Bellport Enterprise feed handler – help market participants generate maximum value from exchange data by delivering it when, where and how they want to receive it. With MayStreet, clients are freed from the difficult and costly work of sourcing and processing market data, leading to lower total cost of ownership, improved decision-making and better performance.

Spotlight

Ever since that famed performance on Jeopardy! IBM’s cognitive computer Watson has sparked imaginings of how else it could be used. Over five years on those imaginings have become realities for companies across a diverse range of industries. According to IBM, the Watson program has been applied in 75 industries in 17 countries.* With its power to bring all-new insights to the table, Watson is becoming the catalyst for a widespread change in how enterprises operate, make decisions and provide services for their customers. Here’s how it’s revolutionising the healthcare and finance industries.


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DATA SCIENCE

ForMotiv Joins Guidewire Insurtech Vanguards Program to Bring Behavioral Data Science to Guidewire Carriers

ForMotiv | June 13, 2022

ForMotiv, a leading behavioral data science and intent scoring platform, announced that the company has joined Guidewire’s Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them. “We’re excited about this new partnership with Guidewire to continue to expand our reach in insurance,” said Bill Conners, CEO of ForMotiv. “We have worked hard for four-plus years establishing a footprint with leading carriers – and are excited to be a part of Guidewire’s Insurtech Vanguards program.” Insurtech Vanguards is a community of select startups and technology providers that are bringing novel solutions to the P&C industry. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtechs, while connecting them with Guidewire’s P&C customers. “ForMotiv’s digital behavioral intelligence solution leverages machine learning to produce data analytics and scoring, enabling insurers to quickly view users’ clickstreams on their apps, which can accelerate underwriting and claims analytics. “We are thrilled to welcome ForMotiv and its innovative technology to our program so our mutual customers can raise the bar in leveraging their user data.” Laura Drabik, chief evangelist, Guidewire With its industry-leading behavioral data capture and intent scoring solution, ForMotiv works with carriers to help them analyze and monitor customer and agent digital behavior while accurately predicting user intent in real-time. ForMotiv provides robust behavioral reporting and analytics as well as a granular behavioral dataset leverageable across multiple departments. Armed with instant intent scoring and deterministic behavioral signaling, carriers can confidently predict buying intent, identify risk and nondisclosure, and expand their accelerated underwriting offerings to genuine users while dynamically intervening on applications requiring further qualification. ForMotiv’s real-time predictive behavioral analytics enable next-generation dynamic experiences, or SmartApps, that adapt to individual users based on their behavior. Its suite of products ranges from robust data capture and behavioral analytics to signaling and intent scoring. Carriers can leverage ForMotiv’s expansive behavioral dataset for both offline and real-time use cases. About ForMotiv ForMotiv is the only Behavioral Science Platform on the market that enables leading insurance companies to accurately and instantly predict user intent, in real-time. Our solution helps carriers improve digital customer & agent experiences, increase conversions, reduce risk & fraud, and more by analyzing users' digital body language (consisting of thousands of behavioral micro-expressions i.e. keystrokes, mouse movements, hesitation, corrections, copy/paste, and 150+ additional user engagement signals) while users engage with digital applications and claims forms to identify genuine, confused, risky or other behavior. Armed with real-time intent intelligence, ForMotiv carrier customers create next-generation dynamic experiences that adapt to individual users based on their intent. ForMotiv works with Marketing, Risk, Fraud, Data Science, Underwriting, Digital Strategy, and Claims teams.

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BIG DATA MANAGEMENT

Searchable.ai announces Constellation, a Unified Data Platform for productivity workers and their teams

Searchable.ai | May 02, 2022

Searchable.ai announces Constellation, their unified data platform that brings together all the data and information that knowledge workers need, in one place. Searchable.ai launched in 2019 as a search company that enabled users to simultaneously search across all their cloud and local files. In building this capability, several of its partners saw the greater potential in the company's technology to connect the wealth of data that knowledge workers and their teams create and utilize. Given the critical challenges businesses face in efficiently sharing information across teams and platforms, Searchable.ai has invested its resources and latest round of funding into building out Constellation, a unified data platform for teams. Since January, the company has expanded its suite of integrations to include even more essential workplace apps, including Trello, Asana, Jira, Notion, and Confluence. The company continues to integrate with additional apps and services and will soon expand its support to design apps like Figma and code repositories like Github. By mid-2022, Constellation will connect with over 30 of the most used cloud applications. While Searchable.ai initially focused on unifying data and information from files, such as those created with Microsoft Office and Google Workspace apps, as well as PDFs, Constellation makes it possible to unify user-inputted SaaS data. Structured information from Jira tickets and Trello cards, for example, as well as conversations in apps like Slack, can now be searchable and shareable. Additionally, Constellation's Live Sync technology means data is constantly being updated and refreshed, so users always have access to the latest information. Built for scale, Constellation supports an unlimited amount of data and is engineered with enterprise-grade security. Eventually, Searchable.ai will enable developers to access the Constellation framework for their own apps and services, including corporations who may want to ingest this data into their own repositories. "Google, Bing, Baidu, and others aggregated web information and made it searchable; Snowflake and Databricks brought together corporate data for advanced business intelligence. But nothing analogous exists for knowledge workers. Constellation unifies work data into a single view to make knowledge instantly accessible and actionable for teams." Brian Shin, co-founder and CEO of Searchable.ai For now, Searchable.ai will leverage Constellation to extend its end-user capabilities beyond search. The company will soon be releasing Collections, a way for users to assemble groups of files, email, and cloud data in a central space where others can add, find, and access what they need for their work.

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BIG DATA MANAGEMENT

Phocas Software selected as preferred data analytics technology by ADS Solutions

Phocas Software | March 21, 2022

A new partnership between Phocas Software and ADS Solutions will help small- to mid-sized businesses in the wholesale distribution and light manufacturing industries use their business data to improve reporting, insights and decision making. ADS Solutions, creator of cloud-based Accolent ERP, has selected Phocas as its preferred data analytics platform to complement the ADS Solutions application. Together, Phocas and ADS Solutions will create a list of standardized reporting and dashboards for Accolent ERP customers by industry with a goal of delivering a more efficient reporting solution and allowing users to quickly and easily monitor key performance indicators (KPIs). “As cloud-based solution providers with thousands of users in wholesale and manufacturing, Phocas and ADS Solutions understand the value of delivering technology that is intuitive, readily available and optimized for specific industries,” said Jay Deubler, president of Phocas U.S. “Out-of-the-box, Phocas is primed to help Accolent ERP customers with reporting and dashboards they need to eliminate guesswork and be more strategic with critical business decisions. We have purposely built Phocas to integrate seamlessly with solutions like Accolent ERP and encourage quick and broad adoption because of its simplicity and familiarity.” “Accolent ERP customers need an intuitive data analytics and reporting solution that Phocas Software can provide. With only a few clicks, Phocas will provide Accolent ERP customers with access to easy-to-understand, actionable business intelligence, allowing them to fully capitalize on the value of their information.” Ian Pereira, CEO of ADS Solutions Phocas has more than 30,000 daily users, and is built with KPIs and metrics that are specific to roles and industries of ADS Solutions’ customers. Phocas will provide ADS Solutions with extensive sales and technical training about its base business intelligence platform, Financial Statements solution and Budgeting and Forecasting workflows. ADS Solutions’ customers will also have access to Phocas vast online training and support tools, including Phocas Academy and Phocas User Group Forum. About Phocas Software Phocas is a cloud-based, SaaS company specializing in data analytics for the manufacturing, distribution, retail industries. The software incorporates sector knowledge to consolidate essential business data from common ERP, CRM, and AP/AR systems to make it simple to access companywide insights and financial performance through historical and predictive analysis. A core philosophy at Phocas is to make software intuitive so users of all skill levels can track and report on essential KPIs that are specific to their roles and industries. Phocas comes with out-of-the-box metrics, powerful interactive dashboards and broad functionality to provide immediate benefits and adoption. Users can also customize the software to meet their unique analytics and reporting needs. About ADS Solutions ADS Solutions is a leader in providing powerful, intuitive, and easy-to-use Cloud-based ERP software to wholesale distributors, light manufacturers and services businesses. ADS Solutions’ Accolent ERP software delivers fully integrated, end-to-end functionality for sales, CRM, order management, inventory control, warehouse management, fulfillment, purchasing, eCommerce and GAAP financial reporting capabilities. Accolent ERP is optimized for the wholesale distributors, light manufacturers and services businesses, across a broad range of vertical industries.

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BIG DATA MANAGEMENT

Sesame Software Provides Adaptive Data Management Strategies for the Modern Data Lakehouse

Sesame Software | February 25, 2022

Sesame Software, the innovative leader in Enterprise Data Management and creator of Relational Junction, today announced its Lakehouse Platform, providing simplified data architecture by eliminating the data silos that traditionally separate analytics and data science. The Relational Junction Lakehouse Platform combines the best elements of data lakes and data warehouses — delivering data management and performance typically found in data warehouses with the low-cost, flexible object stores offered by data lakes. "A streamlined method to access data is difficult to achieve with a separate cloud data warehouse and data lake." - says Rick Banister, founder, and CEO of Sesame Software. "A data lakehouse offers the best of both worlds – by replacing data silos with a single home for structured, semi-structured, and unstructured data, Relational Junction provides a solid and scalable Lakehouse foundation." Relational Junction Key Benefits: Provides performance and governance required to support all types of data workloads Hyper-threaded technology delivers massive scale and speed Runs operations on one simplified architecture, avoiding complex, redundant systems Supports advanced analytics, and lower total cost of ownership Relational Junction: The Lakehouse Foundation Relational Junction delivers reliability, security, and scalability on your data lake, making it the top data ingest platform to handle vast amounts of data from a wide variety of SaaS applications and databases. With plug-in architecture, new data sources can be added with configuration-only deployment. The platform's scalable architecture continuously evolves with organization-spanning data needs, allowing users easy access to their data and the ability to use how they see fit. Request a demo to learn more about Relational Junction Junction's Data Lakehouse Platform. About Sesame Software Sesame Software is the Enterprise Data Management leader, delivering data rapidly for enhanced reporting and analytics. Sesame Software's patented Relational Junction data platform offers superior solutions for data warehousing, integration, backup, and compliance to fit your business needs. Quickly connect to SaaS, on-premise, and cloud applications for accelerated insights.

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Spotlight

Ever since that famed performance on Jeopardy! IBM’s cognitive computer Watson has sparked imaginings of how else it could be used. Over five years on those imaginings have become realities for companies across a diverse range of industries. According to IBM, the Watson program has been applied in 75 industries in 17 countries.* With its power to bring all-new insights to the table, Watson is becoming the catalyst for a widespread change in how enterprises operate, make decisions and provide services for their customers. Here’s how it’s revolutionising the healthcare and finance industries.

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