Denodo Technologies Case Studies An Asset Management Firm Turning a Growing Torrent of Data into Strategic Business

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	An Asset Management Firm Turning a Growing Torrent of Data into Strategic Business Denodo Technologies

An Asset Management Firm Turning a Growing Torrent of Data into Strategic Business

Denodo Technologies

Technology Category	Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Services	Data Science Services
Challenge	The asset management firm was struggling with a growing mass of data from over seven different systems and external data feeds. This exponential growth in data and the wide variety of disparate data sources caused problems with the accuracy and integrity of reporting, adversely impacting the quality of customer service. The data integration team found it challenging to bring together meaningful information from inconsistent data. Providing timely and accurate data to customers is a vital part of the asset management process. To solve this problem, the application architecture team focused on developing a data services platform centered on Data Virtualization. Read More
About Customer	The profiled company is one of the United States’ leading asset management firms and is a subsidiary to a large insurance company. They support personal and institutional customers with a wide range of mutual funds and other investment vehicles. Providing timely and accurate data to customers is a vital part of the asset management process. The firm's vision for their platform is to turn data into leveragable information, and deliver it as consistent, dynamic, and reusable data services. Read More
Solution	The firm chose Denodo for their best of breed Data Virtualization solution; one that remains flexible enough to work in concert with different technologies while providing quality ROA -- Return on Data Assets. Denodo’s Data Virtualization platform is the core piece of the final solution that also integrated RESTful linked data service architecture in addition to the ATOM syndication format used when publishing data feeds to consumers. A MongoDB NOSQL instance also adds user-specific attributes to the virtualized data service closer to its point of data consumption. The Unified Virtual Data Layer provided by Denodo makes the multidirectional flow of data a key part of the company’s business processes. For the data management team, this provides a single point of entry for data governance and security. For data consumers, users see the information in a seamless, standardized fashion no matter where the data comes from (internal or external sources). Read More Log in to view content
Contents

Technology Category

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Services

Data Science Services

Challenge

The asset management firm was struggling with a growing mass of data from over seven different systems and external data feeds. This exponential growth in data and the wide variety of disparate data sources caused problems with the accuracy and integrity of reporting, adversely impacting the quality of customer service. The data integration team found it challenging to bring together meaningful information from inconsistent data. Providing timely and accurate data to customers is a vital part of the asset management process. To solve this problem, the application architecture team focused on developing a data services platform centered on Data Virtualization.

About Customer

The profiled company is one of the United States’ leading asset management firms and is a subsidiary to a large insurance company. They support personal and institutional customers with a wide range of mutual funds and other investment vehicles. Providing timely and accurate data to customers is a vital part of the asset management process. The firm's vision for their platform is to turn data into leveragable information, and deliver it as consistent, dynamic, and reusable data services.

Solution

The firm chose Denodo for their best of breed Data Virtualization solution; one that remains flexible enough to work in concert with different technologies while providing quality ROA -- Return on Data Assets. Denodo’s Data Virtualization platform is the core piece of the final solution that also integrated RESTful linked data service architecture in addition to the ATOM syndication format used when publishing data feeds to consumers. A MongoDB NOSQL instance also adds user-specific attributes to the virtualized data service closer to its point of data consumption. The Unified Virtual Data Layer provided by Denodo makes the multidirectional flow of data a key part of the company’s business processes. For the data management team, this provides a single point of entry for data governance and security. For data consumers, users see the information in a seamless, standardized fashion no matter where the data comes from (internal or external sources).

Impact #1	The asset management company’s internal consumers of information love the transparent access to data provided by the new systems.
Impact #2	For the technical teams supporting the infrastructure, being able to leverage push-down optimization and caching techniques instead of processing-intensive joins in the application layer lessens the load on their servers and reduces replication.
Impact #3	Corporate use of Data Virtualization across the company continues to expand, achieving additional ROA.

Impact #1

The asset management company’s internal consumers of information love the transparent access to data provided by the new systems.

Impact #2

For the technical teams supporting the infrastructure, being able to leverage push-down optimization and caching techniques instead of processing-intensive joins in the application layer lessens the load on their servers and reduces replication.

Impact #3

Corporate use of Data Virtualization across the company continues to expand, achieving additional ROA.

Benefit #1	The response time for joining all data records went down to a couple of hundred milliseconds.

Benefit #1

The response time for joining all data records went down to a couple of hundred milliseconds.

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Overview

An Asset Management Firm Turning a Growing Torrent of Data into Strategic Business

Operational Impact

Quantitative Benefit