Alveo, the leader in providing reliable, high-performance systems for financial data management, has announced the launch of Alpha – a cloud-deployed data analytics, exploration and processing platform. Created in response to customer demand driven by significant increases in data volumes and rising infrastructure costs, Alpha focuses on data discovery and business user enablement.
Built on a NoSQL Cassandra/Spark technology stack and utilizing open source technology components, the platform helps users achieve fast access to data and significant reductions in infrastructure costs. Alpha provides an extensive range of accessibility options to enable easy access to data coming from Alveo’s data mastering solution Prime and other data sources.
Alpha places a specific focus on business user enablement and self-service by providing easy browser access and enterprise search on the full data set to support users in, for example, traded risk, stress testing, investment support, finance and product control. The platform can be easily integrated into user workflows allowing users to make the most of the data they have either sourced or created . Access options include programmatic access via web services, integration with third-party business intelligence (BI) tools and native integration with languages such as Python and R.
The Alpha platform facilitates faster deployment and a significant reduction in costs for users as it limits the need for extra hardware, internal database maintenance and database licensing fees. Through the use of Cassandra and cloud deployment it offers resilience through continuous availability and rapid low cost scalability.
“We are really excited about the new technologies we are using to build Alpha. They offer a new dimension in performance and user accessibility in financial data management at a time when clients need to deal with growing data volumes and the trend towards business users wanting to self-service“, says Mark Hepsworth, CEO, Alveo. “Alpha provides a highly scalable platform that helps firms streamline their data infrastructure, enables users to improve workflow efficiency and lowers the cost of change”.
Alveo is the leader in providing supremely reliable, high performance systems for the management of financial data. Helping financial organisations deliver high-quality reference, market and risk data to the people and applications that need it. Whether it is for regulatory compliance, portfolio valuation, or risk management, we deliver data with unequalled efficiency, transparency and integrity. For more information visit: https://www.alveotech.com/