The Bloomberg Databricks partnership is a game-changer for customers looking to unlock the full potential of their data. This collaboration brings together the best of both worlds, combining Bloomberg's vast financial data with Databricks' cutting-edge analytics platform.
With this partnership, customers can now access a vast array of financial data, including market prices, news, and analytics. This data is available in a standardized format, making it easier to integrate into existing workflows.
Customers can leverage Databricks' capabilities to process and analyze this data, gaining valuable insights that can inform investment decisions and drive business growth. The partnership has already seen significant traction, with many customers reporting improved data access and insights.
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Bloomberg and Databricks Partnership
Bloomberg has partnered with Databricks to offer access to its data offerings, making it easier for users to integrate and analyze data on any cloud or platform.
This collaboration holds potential across various industries and global financial markets. Databricks global vice president, financial services, Junta Nakai, said the possibilities for advanced analytics become truly limitless with Databricks powered by Bloomberg's vast array of data products.
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Bloomberg's Data License content includes reference, pricing, regulatory data, corporate actions, and ESG data covering more than 70 million securities and 40,000 data fields. This comprehensive data set can be complemented with customised datasets from Bloomberg's Per Security service.
DL+ is Bloomberg's cloud-based data management solution that aggregates, organises and links a customer's licensed Bloomberg Data License content. This makes it easier to use throughout the enterprise while reducing clients' data ingestion efforts.
The collaboration between Bloomberg and Databricks allows customers to control the scheduling of data acquisition and delivery to meet the strict timing requirements of their specific organisation's processes.
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Data Insights and Collaboration
Bloomberg has partnered with Databricks to offer access to data offerings, making it easier for users to integrate and analyze data.
This collaboration is designed to facilitate data integration, allowing for data analysis, insights generation, and unified governance for structured and unstructured data, as well as artificial intelligence (AI) and machine learning (ML) on any cloud or platform.
Bloomberg Data License content includes reference, pricing, regulatory data, corporate actions, and ESG data covering more than 70 million securities and 40,000 data fields.
Users can take data from their Bloomberg Bulk subscriptions and complement them with customised datasets from Bloomberg’s Per Security service.
DL+ is Bloomberg’s cloud-based data management solution that aggregates, organises, and links a customer’s licensed Bloomberg Data License content, making it easier to use throughout the enterprise.
The solution allows customers to control the scheduling of data acquisition and delivery to meet the strict timing requirements of their specific organisation’s processes.
Junta Nakai, Databricks global vice president, financial services, said the collaboration with Bloomberg holds potential across a multitude of industries and global financial markets.
With Databricks powered by Bloomberg’s vast array of data products, the possibilities for advanced analytics become truly limitless.
The collaboration also offers benefits such as realising data integration efficiencies, accelerated cloud migrations, and accelerated Target Operating Model (TOM) updates.
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