An Asset Management Firm Turning a Growing Torrent of Data into Strategic Business
Company Size
1,000+
Region
- America
Country
- United States
Product
- Denodo Data Virtualization platform
Tech Stack
- Data Virtualization
- RESTful linked data service architecture
- ATOM syndication format
- MongoDB NOSQL
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Services
- Data Science Services
About The 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.
The 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.
The 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).
Operational Impact
Quantitative Benefit
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