Broadridge's Access Data Lowers Data Processing Time from Hours
into Minutes with Technology from EMC
SAN MATEO, Calif., Dec. 5, 2012 /PRNewswire/ -- EMC (NYSE: EMC)
today announced that Broadridge Financial Solutions' (NYSE: BR)
Access Data is further strengthening its "Big Data" capabilities
for asset management and brokerage firms with technology from
EMC®. Access Data will utilize EMC's
Greenplum® Unified Analytics Platform (UAP) to create a
single unified data platform that enables powerful and agile
analytics to continue to transform how the financial industry
leverages data. Access Data, a leader in enterprise data
management, analysis and reporting, processes data and provides
solutions through its clients and partnerships representing more
than 90 percent of long term mutual fund assets, as well as 95
percent of all assets in the growing ETF space.
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Customer Benefits:
- Single Point to Insight: Access Data is utilizing
Greenplum Unified Analytics Platform (UAP) to create a single
unified data platform for a leading distributor that enables
powerful and agile analytics to continue to transform how the
financial industry leverages data.
- Faster Time to Insight: With EMC's Greenplum UAP, Access
Data was able to reduce processing and analysis time on a four
billion record data repository from more than eight hours to just
minutes.
- Deeper Insights: The integration of structured and
unstructured data analytics with real-time feeds and queries
provides actionable and customized market intelligence for the
whole enterprise.
Customer Challenges and Solution:
The EMC Greenplum solution adds another level of analysis and
flexibility for Access Data clients – asset management firms and
brokerages. Data that used to take eight hours to process and
analyze can now be done in just minutes, providing rapid insight to
better understand sales trends and the distribution of products. In
essence, this will enable Access Data clients to gain greater
visibility into how assets are generated and which advisors are
driving the firm's sales, and in turn, be able to quickly and
accurately target resources and increase assets under management.
Additionally, the platform will allow mutual fund companies to
understand their market share, how they rank among other firms, and
where their products are gaining traction and how to best target
new clients.
Greenplum Unified Analytics Platform (UAP) is the foundation of
a data analytics strategy that enables organizations to be far more
disciplined and proactive with their most valuable asset, data.
Across sectors, it helps organizations achieve the operational and
business agility (previously achieved by Web-scale companies)
required to compete effectively in the era of Big Data. As
the industry's next-generation platform to support Big Data
analytics, Greenplum UAP offers a single, unified data analytics
platform that is extensible to other tools and uniquely able to
support the analytics process by facilitating the discovery and
sharing of insights from Big Data, in turn leading to greater
business value than ever before.
Customer Quote:
Dan Cwenar, president and
general manager, Access Data
"Data is a renewable resource that can be leveraged to drive
growth, improve distribution transparency and strengthen expense
management. The mutual fund and brokerage industries generate a
massive volume of asset positions and sales transactions that, to
date, have been largely inaccessible, unreliable, and
underutilized. At Access Data, we're tracking more than 90 percent
of long-term mutual fund assets and 95 percent of all assets in the
growing ETF space. With our combined expertise in technology and
financial services, we're changing the game with efficient, cost
effective data management practices to provide clean, timely and
actionable information to the industry to drive business growth
strategies."
Executive Quote:
Scott Yara, senior vice
president of products, Greenplum, a division of EMC
"Access Data is a trusted partner and critical data aggregator
for the financial services industry. As data continues to grow,
traditional architectures and tools cannot deliver on the Big Data
opportunity. To gain insight from Big Data, you need an analytics
platform that integrates structured and unstructured analytics with
real-time feeds and queries. This is where our relationship really
takes off: Greenplum technology combined with Access Data's
industry leadership bolsters their ability to provide customized
market intelligence for the whole enterprise."
Additional Resources:
- Greenplum Unified Analytics Platform (UAP)
- Connect with EMC via Twitter, Facebook, YouTube, LinkedIn and
Greenplum
- Connect with Broadridge via LinkedIn, Facebook, Twitter and
YouTube
- Visit Datastream, the Official Greenplum Blog
- For the latest industry news, research, webcasts and use cases
covering big data, analytics, and the data scientist community
visit the Greenplum Industry Buzz
About Broadridge
Broadridge is a technology services company focused on global
capital markets. Broadridge is the market leader enabling secure
and accurate processing of information for communications and
securities transactions among issuers, investors and financial
intermediaries. Broadridge builds the infrastructure that underpins
proxy services for over 90% of public companies and mutual funds in
North America; processes more than
$4.5 trillion in fixed income and
equity trades per day; and saves companies billions annually
through its technology solutions. For more information about
Broadridge, please visit broadridge.com
About Access Data
Access Data Corp., a Broadridge Company, is a leader in
enterprise data management, analysis and reporting for the
financial services industry - providing data and reporting
solutions covering 90% of all long term fund assets and 95 percent
of all ETF assets. Leading asset management firms and financial
intermediaries utilize Access Data's proprietary technology and
services to gain visibility into how sales and assets are generated
and address a myriad of challenges in distribution, compensation
management and compliance and risk management. Access Data's
flagship product, Access Data SalesVision® provides comprehensive
storage and analysis solutions, delivering web-based reporting as
Software as a Service. Please visit, broadridge.com/accessdata
About Greenplum, a division of EMC
Greenplum, a division of EMC, is driving the future of Big Data
analytics with breakthrough products that harness the skills of
data science teams to help global organizations realize the full
promise of business agility and become data-driven, predictive
enterprises. The division's products include Greenplum® Unified
Analytics Platform, Greenplum® Data Computing Appliance, Greenplum®
Database, Greenplum® Analytics Lab, Greenplum® HD and Greenplum®
Chorus™. They embody the power of open systems, cloud computing,
virtualization and social collaboration, enabling global
organizations to gain greater insight and value from their data
than ever before possible. Learn more at www.greenplum.com
About EMC
EMC Corporation is a global leader in enabling businesses and
service providers to transform their operations and deliver IT as a
service. Fundamental to this transformation is cloud
computing. Through innovative products and services, EMC
accelerates the journey to cloud computing, helping IT departments
to store, manage, protect and analyze their most valuable asset —
information — in a more agile, trusted and cost-efficient way.
Additional information about EMC can be found at www.EMC.com.
EMC and Greenplum are trademarks or registered trademarks of EMC
Corporation in the U.S. and other countries. All other trademarks
are the property of their respective owners.
SOURCE EMC Corporation