Waters Rankings 2022: Best cloud-based application provider—S&P Global Market Intelligence
Overview
S&P Global Market Intelligence has seen a significant uptick in the number of clients pursuing digitization strategies and weighing up the benefits of the cloud vs. on-premises technology infrastructure and computing solutions. It was important for the firm to provide a fully managed cloud solution that meets the changing demands for data delivery. S&P Global data via Snowflake was launched as part of an ongoing initiative to invest in the flexible and open distribution of quality data to clients.
“We have a long partnership with S&P Global Market Intelligence, and the breadth and depth of their financial data are unmatched in the industry. S&P Global Market Intelligence and Snowflake’s new cloud-hosted delivery platform has unlimited speed and scale combined with the ability to store structured and semi-structured data, allowing our data scientists to readily access all our data in a single location.”
The Solution
S&P Global data via Snowflake allows S&P Global’s clients to reduce time to insights, eliminate data transformation, improve operational efficiency and streamline workflows. With direct integration into existing views and workflows―including access to over 100 third-party vendors without the need to extract and transform before using―clients can get data faster and reduce the time, effort, and cost associated with data analytics.
Secret Sauce
S&P Global’s cloud-based delivery offers customers a managed and scalable solution that simplifies their access to data and enhances their ability to work with large datasets more efficiently. Through Snowflake, S&P Global and selected third-party data is fully managed and ready for clients to query. Clients can access the service via the cloud platform of their choice, including Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP).
Recent Milestones
Over the past 12 months, S&P Global has provided a managed service and cloud delivery option to its clients, which is important in the midst of the ongoing work-from-home environment. This includes access to over 65 datasets, including the firm’s key traditional/fundamental datasets, ESG, textual data, curated third-party alternative data and more.
“Clients are looking to work with vendors that can simplify the ingestion and linking of data, allowing users to focus on deriving insight. We are excited to work with an innovative company such as Snowflake to allow our clients to quickly access, utilize and maximize the value of their data, which is vital given the speed at which today’s global markets operate.”
Future Objectives
Over the next 12 months, S&P Global will continue to focus on providing all datasets available via its feed solution, Xpressfeed, on Snowflake’s cloud data platform. Additionally, following its recent merger with IHS Markit, S&P Global will add datasets originated from IHS Markit to allow a single point of access for its clients. Finally, the firm will be working to provide data solutions, such as Kensho Link, via Snowflake to help clients with their data linking challenges.
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