Stockholm, Sweden, June 11, 2020 --(PR.com
)-- The new module will enable clients to transfer data quickly and simply from Wallstreet Suite (WSS) for flexible analysis and interrogation. Because Data Mart leverages existing OmniFi reports and OmniFi Web’s user interface, it is easy for clients to set up and customize, define a data model based on their own specific needs, and supplement or adjust as requirements evolve over time.
Agile data analysis capabilities are becoming increasingly important to treasury efficiency and performance. Forty-two percent of treasurers cite big data analytics as the most important technology for improving data intelligence over the next five years, according to a recent Economist Intelligence Unit (EIU) report(1). Key drivers for greater use of data analytics in treasuries include operational efficiency, investment returns and risk management, the EIU found. But 40% of treasurers say the “technical complexity” of integrating data is the biggest challenge to becoming more data driven.
OmniFi Data Mart is ideally suited to supporting daily uploads (T+1) of time series data for in-depth analysis by business intelligence and analysis tools, but can also be used for data archiving and similar projects.
Marcus Gullers, head of product management, SkySparc, said: “Clients are already using OmniFi to integrate WSS data into major data warehouse projects, where it has proved particularly strong in handling backdating needs in an efficient, timely fashion. With Data Mart, we have developed robust data loading functionality for maximum ease of use and transparency.”
Joakim Wiener, CEO, SkySparc, said: “A new generation of data analytics tools is providing valuable insights and efficiencies at major corporates and financial institutions. OmniFi Data Mart will ensure Wallstreet Suite users can optimize these opportunities.”
(1) A Quantum Leap: Building a Data Driven Treasury (EIU, 2019)