Asset Control, a financial data management solutions provider with offices spread across the world, has launched ACX, a cloud-deployed data analytics, exploration, and processing platform to address customer demand.
Significant increases in data volumes and rising infrastructure costs felt across the board have led Asset Control to develop a new platform that focuses on data discovery and business user enablement and self-service.
The ACX platform limits the need for extra hardware, internal database maintenance, and database licensing fees, which results in a significant reduction in costs for users as well as faster deployment.
ACX provides 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. Easily integrated into user workflows, the platform allows customers to make the most of the data they have either sourced or created. ACX can be accessed via web services and enables integration with third-party business intelligence (BI) tools and native integration with languages such as Python and R.
Mark Hepsworth, Chief Executive Officer of Asset Control, commented:
“We are really excited about the new technologies we are using to build ACX. 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. ACX provides a highly scalable platform that helps firms streamline their data infrastructure, enables users to improve workflow efficiency and lowers the cost of change”.