Delta Data Factory is a content-agnostic managed service utility that allows buyers or sellers of reference data to process data into precisely the format required. This new service comprises the software, people, infrastructure, support, deep domain expertise and 99999âs uptime required to provide on-going managed services and processes for an operational function. This Software as a Service (SaaS) business model is based on a simple subscription that allows a customer to use, and pay for, only what they need.
For financial institutions, Delta Data Factory is used to process in-bound reference data from any vendor or reference data source, which can be enriched according to the clientâs specifications and formatted to suit any application. It accelerates results and reduces the costs associated with integrating, processing and consuming inbound reference data.
For vendors of data, Delta Data Factory is used to process out-bound reference data to assist a vendorâs customer in adoption of vendor data. It is a service that can assist the vendor in packaging, combining multiple internal (and external) sources into a unified format, adapting the feed to applications or workflows or speeding delivery into an Enterprise Data Management platform.
Dale Richards, President of First Derivativesâ US Operations commented: âDelta Data Factory combines and packages just what clients need in order to get immediate results. Both data vendors and clients are getting a solid accelerator in this managed service. Implementation is very rapid and the cost / benefit value proposition is very clear. We listened to the market and weâve created a packaged managed service that benefits all playersâ.
Brian Conlon, founder and CEO of First Derivatives , said: âThe launch of Delta Data Factory provides further evidence of our pre-eminence in the data world. Our data management solutions team has distilled knowledge gleaned from working with some of the worldâs leading vendors and their largest data clients to produce a premium offering which vastly reduces the cost and risk associated with managing reference data. Delta Data Factory harnesses and combines the latest advances in cloud computing, database and CEP technology to increase the reliability and flexibility of data delivery.â