S&P Global Enhances Data Accessibility Through Collaboration with Databricks

Introduction

In a significant development for the financial services industry, S&P Global has recently announced an expanded partnership with Databricks, introducing several datasets from its Capital IQ Pro suite through Databricks' Delta Sharing feature. This groundbreaking enhancement is designed to empower users with direct access to a broad range of datasets, including financial analyses, estimates, filings, and sustainability metrics, enabling more efficient decision-making without the hassle of traditional data ingestion processes.

What is Delta Sharing?

Delta Sharing is a revolutionary open-source protocol created by Databricks that facilitates the sharing of live data across multiple platforms and cloud environments while ensuring robust data security and governance. This feature allows users to query real-time S&P Global data directly within their Databricks environment without needing to create duplicate data copies or manage complex data pipelines. Consequently, teams working in investment, risk assessment, and competitive strategy can operate with real-time intelligence, leading to more informed business decisions.

Enhanced Client Experience

"In today's fast-paced financial landscape, it is vital for us to align with our clients' evolving needs," commented Warren Breakstone, Head of Data Research at S&P Global Market Intelligence. The expanded relationship with Databricks facilitates seamless access to SP data, allowing clients to execute comprehensive analyses efficiently. This increased ease of access enhances the decision-making process, equipping clients with critical insights to navigate their business strategies effectively.

Benefits of the Collaboration

With the introduction of the Capital IQ Pro datasets, consumers can expect substantial benefits, such as:
1. Reduced Latency: By accessing live data directly, users are equipped with the most current information, substantially reducing the latency associated with traditional data-sharing methods.
2. Lower Data Duplication: The need for multiple data copies is eliminated, simplifying data management processes for organizations.
3. Enhanced Integrations: Clients can leverage the integration of financial intelligence in their existing workflows, streamlining operations and encouraging faster insights into their strategies.

Previous Collaborations

This latest move builds on S&P Global's previous collaborations with Databricks, which began with the integration of energy and commodities datasets from its Commodity Insights division. Additionally, the partnership has led to the development of collaborative analytical environments like the SP Global Capital IQ Workbench, enabling users to perform deeper analytics collaboratively.

Future Developments

Looking ahead, S&P Global has committed to enhancing its offerings by continuously adding more datasets to the Databricks Delta Sharing feature. Users can explore the extensive range of S&P Global datasets available via Delta Sharing on both the SP Global Marketplace and the Databricks Marketplace.

About S&P Global

S&P Global (NYSE: SPGI) is a leading provider of essential intelligence that empowers governments, businesses, and individuals with the right data and analytical innovation. With an unwavering commitment to helping organizations navigate investment opportunities and sustainability strategies, S&P Global serves many of the world’s leading organizations to deliver comprehensive solutions for credit ratings, analytics, and more across various sectors including capital, commodity, and automotive markets.

For more information, visit S&P Global's website.

Conclusion

This partnership not only exemplifies S&P Global's commitment to innovation in the field of data accessibility but also the increasing need for firms to leverage real-time insights to remain competitive. As the demand for data intelligence in the financial services sector escalates, the synergy between S&P Global and Databricks is set to deliver cutting-edge solutions and propel organizations toward more strategic decision-making.