From New York to London to Las Vegas, we attended eight events where finance’s leaders spoke about the current state of data and finance. What did we learn? Across the financial industry, everyone is facing the same challenges when it comes to data.
Listening to thought leaders across the industry, we realized that Crux can solve these challenges. Crux is a platform for efficient data ingestion. Efficient data ingestion makes data discovery fast, gives teams easy access to data, and delivers data that’s prepared for analysis. With our solution, firms save time and money, eliminate the burdens of big data, and focus on using data to find insights. We believe you’ll see the value of efficient data ingestion too.
BattleFin Discovery Day: September 26-27, The Rosewood, London
Key Insight: The more data sources your firm takes in, the more you will benefit from consolidating all that data in one place. Centralizing data helps teams across the office quickly and easily use data in decision making. Furthermore, with the GDPR, firms need control over each step of their data value chains, and centralizing data and data processes may help firms to improve compliance. In order to centralize data rapidly and securely at a low cost, “quant funds are looking to outsource” to a platform solution, said Tim Harrington, CEO of BattleFin. See more on our blog.
Crux Vision Event with Two Sigma: October 4, Nomo Soho, New York
Crux & FISD Alternative Data Forum: October 4, Amazon Web Services Loft, New York
Crux Vision Event with Citi: October 11, The Andaz, London
Crux & FISD Alternative Data Forum: October 11, UBS, London
Eagle Alpha – Alpha & Access: October 12, Simmons & Simmons, London
Key Insight: Alternative data holds tremendous potential, but evaluating new datasets presents a challenge. Clients want to know early in the evaluation process whether a dataset is worth investing in. Yet firms need to spend the time and money to onboard new datasets just to try them. Crux moves data discovery into the cloud so firms can evaluate new data sources without spending the resources to onboard them.
The value Crux can deliver crystalized as we participated in one on ones with new data providers, as well as a panel on integrating data into investments. As the quest for new data sources accelerates, Crux can serve as a manufacturing plant, processing data from new data vendors and making it ready for financial firms to consume.
Inaugural Summit – Future Proofing in the Data Age: October 18, Columbia University Data Science Institute, New York
Key Insight: A common theme emerged (see image below) from data-driven thought leaders who participated in this inaugural forum. Complex organizations, such as large funds, face a challenge in deciding where to focus, asking “What is the best use of our time?” Leveraging data talent, and investing in and dedicating time to priorities that will lower risk and improve performance need to be top priorities.
Trying to find and make use of data is still hard today, despite all of the development within the data ecosystem. Outsourcing data ingestion to an industry wide platform solution will give you back time and give your data talent lift to improve your organization. Today, learning organizations need high-performance, low-cost services to carry out common data tasks. Economies of scale can enable these developments across the financial industry.
We were delighted to connect with the Columbia data innovation network and with its leaders across industries, both users and producers of data, who are driving the data-driven economy forward. There are valuable insights at the crossroads of academia and business, and collaboration can enhance data strategy for both.
Money 20/20: October 21-24, The Venetian, Las Vegas
Seen Crux in the news lately? We recently announced over $20 million in Series B funding from Two Sigma, Citi, Goldman Sachs, and others. Our Series B financing earned media coverage in Axios, Banking Tech, Bloomberg Pro Rata, Citybizlist, Finextra, FinSMEs, Fortune, Integrity Research, peHUB, PYMNTs, Silicon Valley Business Journal, StrictlyVC, The Trade, Vator News, and WSJ Pro Venture Capital. Read our full press release on our Series B here.
“We are excited to continue to work with Crux and this group of industry backers to support them in building what we believe will become the go-to solution for data.” – Darren Cohen, Global Head of Principal Strategic Investments, Goldman Sachs
Are you intellectually curious and excited to build the data solution of the future? Do you love solving complex problems and helping clients overcome data challenges? If so, let’s talk. The Crux team is growing, and we’re seeking talented individuals who know data can be delightful. Check out our job openings here.
We’re quickly expanding the Crux Network with some amazing data partnerships. If you’re a data supplier looking to reach more clients and accelerate distribution with zero roadblocks, we invite you to join Crux. Connect with our Supplier Team at Supplier@CruxInformatics.com.
Source: xkcd
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