Dun & Bradstreet and 1010data announced a strategic partnership that aims to provide a solution to hedge funds and asset managers seeking insights and analytics that go beyond traditional analysis of financial statements and key financial ratios.
Through the strategic partnership, Dun & Bradstreet’s content, including key business performance data, will be made available through the 1010data platform, providing an enhanced solution to customers. The solution is available now, and the announcement marks Dun & Bradstreet’s first partnership in capital markets analytics.
As access to information and big data continues to grow, buy-side firms and hedge funds are constantly looking for an informational edge that will enhance potential returns and minimize risk. Dun & Bradstreet’s data includes unique insight about business performance and health across multiple industries, providing valuable information to guide trading strategies and model development. 1010data’s Big Data Discovery and data sharing platform makes this valuable information easier to identify in an era of information overload.
“We live in a world where it’s getting harder and harder for capital markets professionals and investors to find alpha and increase their gains; to make sense of information to develop stronger, healthier, and better informed strategies,” said Josh Peirez, chief operating officer, Dun & Bradstreet. “This collaboration is rooted in a shared interest of the importance of insights and analytics and of the value of a real source of truth. We are excited to join forces with 1010data which has proven its ability to deliver actionable insight from extremely large amounts of data more quickly, easily and inexpensively than any other solution.”
“Dun & Bradstreet’s expertise in analytics and history of delivering unique, company insight and research to customers will bring incredible value to our existing customers,” said Sandy Steier, 1010data CEO and co-founder. “This new data is invaluable for asset managers to mine for the development of enhanced trading strategies and models that can increase returns and minimize risk.”
About 1010data: Gaining actionable insight from Big Data requires both access to all relevant data and the best analytical tools to analyze it. 1010data is a complete solution that provides both. In fact, it’s the only solution that serves the entire gamut of data insight needs, from Big Data Discovery to enterprise reporting to the sharing of Big Data among disparate organizations. More than 700 of the world’s largest retail, manufacturing, telecom, and financial services enterprises trust 1010data to manage and analyze over 20 trillion rows of data because of 1010data’s proven ability to deliver actionable insight more quickly, easily and inexpensively than any other solution.
Source: D&B Press Release