By using the latest cloud technologies, Delta significantly accelerates the time needed to deploy data sets into business user workflows and business applications. The solution is an integral part of Alveo’s overall data management suite which includes its Prime data mastering solutions and its Alpha Datawarehouse.
Delta, like other components of Alveo’s data management solutions, builds on open-source technologies. Clients can choose to stream data using the Kafka distributed event streaming platform or send defined exports of data sets via csv, xml, json or other formats at regular intervals. Any data delivery is configured by defining criteria for a list of interest of financial instruments, its attribute coverage, quality criteria, and format. This flexibility in exporting and shaping data speeds up integration with business applications and any third-party downstream data warehouse.
Neil Sandle, Head of Product Management Alveo, said: “Using Delta, our customers can easily onboard new downstream destinations. Delta generalizes the concept of a query to the point that any query can immediately be registered as a recurring data export. Customers control who gets what through managing subscription lists and setting up new data shapes. Delta includes our REST API and an easy-to-use report builder. Financial services firms often have a varied application landscape and Delta’s adaptability to downstream consumption ensures data consistency and data quality throughout overall workflow processes.”
Mark Hepsworth, CEO, Alveo, said: “Data distribution, or last-mile integration, typically represents over 80% of the cost of data management projects. By introducing an easy and flexible way of onboarding new systems, Delta provides faster access to quality vetted data, accelerates time to market, and materially reduces both the direct cost of change as well as opportunity cost. Easier access to high-quality market data is a key issue for financial institutions as they focus more on data-driven workflows. Delta uses the latest technologies and product design principles to facilitate this.”