To predict market movements, financial institutions require fast access to petabytes of structured and unstructured data (tweets, social feeds, news, stock market insights, etc.). Due to cloud storage and data access costs, this volume of data is often housed on-premise or in a hosted data lake. But while these storage solutions can be lower cost, they’re often associated with higher latency connectivity that can hinder or even obstruct critical analytics.
Dell Technologies Cloud Storage for Multi-Cloud, powered by Faction, offers a lower cost, fast access solution for institutions wanting to leverage sophisticated cloud-based tools for predictive financial data analytics. Data is generated by in-house applications and third-party data sources and combined in a single data lake. Data can be accessed by multiple clouds simultaneously, enabling advanced analytics and expedited results.