John: To help investment firms seamlessly assemble and access data across both public and private markets, we launched our Alpha Data Platform, an end-to-end data management and warehouse solution. It offers enhanced data management through a cloud-native platform, delivered via State Street Alpha. The platform enables clients to access data across their front, middle and back office in near real time with self-service analysis and visualization capabilities to accelerate decision-making. The platform also helps ensure high-quality data, while reducing operating costs by outsourcing data operations.

Spiros: A foundational aspect of next-gen data management is interoperability with external technology providers. By partnering with industry innovators such as Snowflake and Microsoft® Azure, we can provide our clients with unfettered access to trusted data from across Alpha, as well as a broad spectrum of externally generated data available in the Snowflake Data Marketplace.

The platform also leverages product and engineering expertise here at Charles River Development, supported by State Street’s technology scale and global service delivery teams for cross-region business connectivity. This introduces a whole new way to accelerate time to market that previously didn’t exist.

John: Investment managers benefit from timely insights while simplifying the user experience for assembling and consuming this information. By combining State Street’s vast asset management data with Snowflake’s powerful Data Cloud and sharing capabilities, end users are better positioned to streamline their investment process and mobilize data for better informed asset allocation, trading and risk decisions.

John: Consolidating data environments and effectively streamlining business processes promotes a collaborative environment. Increased transparency is also crucial.

With insight into data availability, definitions, usage and lineage, investment professionals can reduce manual reconciliations and build trust with their investors and regulators.

Spiros: A framework for integrating third-party and client-specific data expands potential data sources, empowering managers to uncover new insights. The Alpha Data Platform’s extensible data model allows for third-party integration — including external custodians — and enables data sharing across client and marketplace ecosystems.

John: Intuitive, self-service data exploration tools combined with third-party data marketplaces encourage platform use and accelerate time to new investment insights. A cloud-native data solution can dramatically improve a firm’s ability to achieve scale and deliver on performance objectives.

Less time spent managing data can mean more time spent on the business activities designed to support a firm’s growth, such as generating returns, servicing their investors and developing new investment products.

Spiros: The aim of the Snowflake Data Cloud is to help clients access, explore, share and connect their data. It’s exciting to see how the Alpha Data Platform, leveraging Snowflake, will empower our clients to blend data from the Snowflake Data Marketplace with their own systems. By breaking down data silos across their organization, investment managers are in a much stronger position to extract value from their data.