Get from Data to Insights…
Spend less time getting data ready, and more time analyzing and using it
The financial services industry is investing heavily in data analytics. The global banking data analytics market is projected to reach $28.11 billion by 2030, up from $4.93 billion in 2021.1
1. Data Analytics in Banking Market,
Allied Market Research
$28.11
BILLION
The 2030 projected data analytics expedure in the global banking industry.
Financial services companies rely on external data to keep up with the demands of their business to:
Forecast changes in regulations
Identify blind spots in the market or interest rate risk
Meet ESG regulations: CSRD, DORA, etc.
Properly measure and benchmark portfolio performance
Identify characteristics of portfolios and evaluate mutual funds
Alternative data accelerate the onboarding and time to value, ensuring you capture faster alpha
Execute proper risk metrics and analysis
This analysis relies on external data from governments, stock markets, rating agencies, and alternative data vendors.
of a data scientist’s time is spent onboarding and preparing new data.
of business leaders say it takes too long to onboard external data.
want to find a faster, better way to leverage external data.
50%
59%
79%
The External Data Gauntlet
External data by the industry numbers
Financial services companies embrace AI models and machine learning for everything from changes in economic patterns to predicting how market events will impact liquidity. Those AI and machine learning models rely on accurate, relevant, timely, and usable data.
The journey from raw data to insights takes time and cost. Each stop along the journey needs a specific technology and skillset. If any step fails, it has revenue implications.
External data is a different kind of hard
Raw Data
Aquire
Ingest
Cleanse
Validate
Deliver
Enrich & Blend
Analyze
Query
Insights
Standardize
The Crux Forge Platform removes the obstacles that make getting from raw data to insights difficult and costly.
Crux Data provides the infrastructure, tools, and team to onboard any external data set up to 10x faster than traditional manual methods.
This means that data engineers at financial services companies can onboard external data products into their data warehouses or cloud analytics environments in days.
The data is high quality and analytics-ready, so they don’t waste time trying to onboard external data.
You can start using external data for insights and decision-making TODAY.
Find Crux Data on the Google Cloud Marketplace
Crux processes
rows of data annually
2 trillion
supplier incidents triaged by Crux per quarter
9,000
average time to onboard a dataset
2-5 DAYS
Schema changes per quarter
42
Meeting Your External Data Needs with Google Cloud and Crux
Financial services companies that use Crux's Forge Platform, built on Google Cloud, solve the problem of creating a stable edge between external data and cloud analytics.
External data suddenly acts and feels like internal data.
Standardize external data ingestion: Reduce variances across external data sources
Accelerate onboarding: Crux's Forge Platform onboards the top 80% of financial market data suppliers
Using Crux's Forge Platform and BigQuery, you can:
Dominate data domains: Centralize data types, including spatial, ESG, market, financial, government, and more
With Crux's Forge Platform, built on Google Cloud, the traditionally arduous journey from raw data to actionable insights turns into a short walk. Data scientists now spend less time preparing external data and more time generating intelligence to support decision-making. Move toward a world where data scientists can use external data to solve business problems and quickly guide decisions.
Accelerate your external data strategy with Crux
Start using Crux Data today.
Data providers we partner with:
Crux Data has partnerships with more than 300 leading data providers that cover the majority of external data that financial services companies use:
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