Refinitiv Unlocks Data Value with Google Cloud

The Client

Refinitiv is a leading global provider of financial market data and infrastructure. They serve a vast clientele, including investment banks, asset managers, hedge funds, and financial institutions worldwide. Refinitiv's core offering revolves around financial and risk data, providing critical insights on everything from market trends and company performance to creditworthiness and regulatory compliance. Their data empowers professionals in the financial sector to make informed decisions with greater confidence.

Refinitiv, needed a way to entice data scientists to subscribe to their valuable feeds. The challenge? Their data resided behind a paywall, preventing potential customers from evaluating its quality before committing.

Eviden, a Google Cloud partner, collaborated with Refinitiv to create the innovative Data Science Accelerator (DSA). This platform empowers external data scientists to: 

• Effortlessly Explore Sample Data: DSA provides pre-configured Jupyter notebooks. Users can download and seamlessly integrate Refinitiv's data samples into their models, allowing for quick exploration and analysis.
• Rapidly Assess Data Value: Data scientists can now rapidly evaluate the quality and relevance of Refinitiv's data sets without upfront commitment, fostering informed decision-making. 

Technology Powerhouse: The DSA leverages Google Cloud Platform (GCP) to create a robust and scalable solution: 

• GCP Foundation: Google BigQuery serves as the underlying data warehouse, ensuring fast, scalable data storage and retrieval for seamless data exploration.
• Serverless & PaaS Efficiency: Google Cloud Functions provide serverless execution for specific tasks, optimizing resource utilization and cost-efficiency.
• Intuitive User Experience: The platform utilizes a suite of GCP services to facilitate user interaction and data visualization, creating a smooth user experience.
• Relationship Intelligence: Neo4J, a graph database, allows for potential exploration of data relationships within the Refinitiv ecosystem. 

Refinitiv now boasts a powerful platform that: 

• Showcases Data Value: The quick-start notebook environment empowers data scientists to experience the power of Refinitiv's data firsthand, driving informed subscription decisions.
• Unlocks Data-Driven Insights: The DSA fosters a win-win situation. Data scientists gain access to valuable data, while Refinitiv attracts new customers.
• Data Usage Insights: Refinitiv can monitor data consumption and usage patterns within DSA, gaining valuable insights into data monetization strategies. 

Why Eviden?

Through deep cloud expertise and a collaborative approach, Eviden empowered Refinitiv to unlock the value of their data and attract new customers. The Data Science Accelerator serves as a testament to the power of innovative technology solutions in driving business growth.