Global financial powerhouse Bloomberg has teamed up with Google Cloud to present a new integration aimed at enhancing data strategies. This innovative alliance will facilitate users of Google Cloud to integrate Bloomberg’s cloud-based data management solution, Data License Plus (DL+), with BigQuery, Google’s fully managed, serverless data warehouse, marking a significantly streamlined experience for financial data management.
Streamlining Data Strategies with Bloomberg and Google Cloud
With this collaboration, organizations can now access Bloomberg Data License (DL) data modeled directly in BigQuery, making way for efficient extraction of value from vital business information. Advanced analytics capabilities of Google Cloud help reduce data wrangling. This facilitates capital market firms who are moving workloads to the Cloud to access high-quality data with ease. A shared commitment to enabling data-driven decisions has been a core focus of the Bloomberg and Google Cloud partnership, and this development sees a further expansion of it.
Benefits of Bloomberg’s Integration with BigQuery
Bloomberg’s Data License users are set to capitalize on multiple benefits. The integration eliminates data barriers and allows Bloomberg customers to seamlessly interface with Bloomberg Data License content within BigQuery for scalable enterprise usage. This accelerates analytic projects by abolishing the need for ingesting and structuring third-party datasets. Mutual customers get access to fully modeled Bloomberg datasets and multi-vendor ESG content directly within their analytic workloads, courtesy of Bloomberg’s DL+ solution and BigQuery.
Mackenzie Investments Leverages Bloomberg’s DL+ ESG Manager
Momentum for this integration is already gaining steam with big players in the market. Mackenzie Investments recently announced that it has chosen DL+ ESG Manager to manage multi-vendor ESG data. The financial firm plans to implement ESG investing approaches more efficiently and develop sophisticated ESG-focused insights and investment products using BigQuery.
In conclusion, this new offering by Bloomberg in collaboration with Google Cloud heralds a significant move in financial data management. By integrating with BigQuery, Bloomberg is providing a great tool for firms to leverage advanced analytics and drive more value from business information. The function already has traction in the market, promising an efficient and streamlined approach to investment strategies for big market players like Mackenzie Investments.
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