MT Newswires datasets now delivered by Crux! MT Newswires is a recognized leader in original, unbiased business and financial news. Offering over 130 unique categories of noise-free coverage, MT Newswires’ multi-asset class global news powers most of the industry’s most recognized platforms. Get datasets delivered here.
NEW YORK, Nov. 14, 2019 /PRNewswire/ — Crux Informatics (“Crux”), a leading data delivery and operations company, today announced it has joined the newly-launched AWS Data Exchange service from Amazon Web Services (AWS). AWS Data Exchange, is a service that makes it easy for millions of AWS customers to securely find, subscribe to, and use third-party data in the cloud. Availability on AWS Data Exchange further delivers on Crux’s mission to make reliable data from suppliers accessible for consumers around the globe.
Companies today are faced with the challenge of ingesting complex data from a wide variety of suppliers at scale, resulting in significant time and resource investments. As the industry utility that simplifies the data ingestion, operations, and delivery process, Crux ensures that data flows seamlessly between suppliers and financial companies, so they can focus their resources on extracting value from the data. Customers using AWS Data Exchange and the AWS Marketplace are now able to easily access validated data from Crux, and data suppliers can leverage Crux’s capabilities to distribute on AWS Data Exchange.
“Data suppliers and their customers across financial services have told us they want to work with Crux to connect and operate with data sets at scale so we are delighted to welcome Crux to AWS Data Exchange to feed data into customer’s applications, analytics, and machine learning models running on AWS,” said Samantha Gibson, Head of Financial Services Business Development, AWS Data Exchange, Amazon Web Services, Inc. “As our customers continue to move to the cloud, they’re looking for new ways to simplify how they find and consume data and we are excited to see the innovation made possible by having diverse, high-quality, and well-curated data from Crux available on AWS Data Exchange.”
“We are proud to collaborate with AWS to deliver reliable, timely and digestible data into their innovative AWS Data Exchange,” said Philip Brittan, CEO at Crux Informatics. “With availability in AWS Data Exchange, we’re taking another step forward in giving our clients the ability to find and access the data they need with the high degree of operational excellence they’ve come to expect from Crux.”
As of today, AWS Data Exchange customers can access Crux-delivered data directly. See here a selection of over 70 free datasets available on AWS Data Exchange. At the same time, data suppliers can now work with Crux to connect and deliver their data in AWS Data Exchange. Crux takes care of onboarding, validating and reliably operating your data feeds onto AWS Data Exchange, enabling you to accelerate distribution and scale operational efficiency. Connect with us to get your data delivered today.
Hello from the CEO
While Data Science gets the headlines, Data Engineering is working hard behind the scenes to make the Data Science magic possible. And by working hard, I mean that Data Engineering typically accounts for 70-80% of the total effort a firm spends on making use of data. Data Science and the unique insights it delivers are business differentiators, but most firms spend a minority of the time on them.
That’s why forward-looking companies increasingly turn to a partner like Crux. By offloading their Data Engineering work, these companies give more time and energy to Data Science and move much more quickly to produce valuable new insights that power their businesses.
Crux brings laser focus, deep expertise, operational oversight, and a valuable network of data suppliers to help you orchestrate, implement, and operate your information supply chain.
At Crux, we make data delightful.
Crux Insights Blog
Five in 5 with Head of Data Engineering Andrew Clark
At Crux, being a data engineer means handling the tough work that makes data more actionable for our clients, and designing the tools that make our clients’ lives easier over time. Data engineers sit on the “data wrangling” side of the pipeline, meaning we are the folks who handle the hard work of figuring out where certain elements of the dataset live, slicing and dicing data, and repackaging it for distribution.
Today, the folks managing information supply chains are embracing the fact that the whole process does not need to exist on-premises anymore. While firms used to believe their data engineering was their “secret sauce”, today they realize it’s the insights they can glean that are more important. Using experts like Crux to remove as much of the tedious, upfront work as possible is now the preferred model.
Is it difficult to get access to useable data? Let Crux experts engineer your data to make it ready to use. Our data engineers take on your data challenges so that you can spend your time finding signals. Click HERE to chat with our team of experts.
Have data to share? Our data supplier community is growing by leaps and bounds. Our diverse datasets range from stock quotes to corporate trends to transportation data and more. No data is irrelevant. Create a Crux login HERE to browse our network and become a supplier.
Out and About
We’ve been building our community. In the past month, we’ve met with hundreds of suppliers and buyers of alternative data.
Quandl Alternative Data Conference | January 18, 2018
New York, NY
Battlefin Discovery Day Miami | January 30-31, 2018
Outsell Data Money | February 1, 2018
New York, NY
AI in Fintech Forum | February 8, 2018
Stanford University, Stanford, CA
Originally published November 8, 2017 at Inside Market Data
Author: Max Bowie
Originally published November 8, 2017 at Reuters
Author: Anna Irrera
Crux’s platform processes the data for financial firms, including banks, hedge funds, private equity groups and insurers, so they can focus resources on carrying out more differentiating tasks such as building artificial intelligence algorithms to extract value from the information.
This removes the biggest pain point, or “crux” of data analytics in finance, said Philip Brittan, chief executive of Crux.
“Everyone is looking at how to get more data and how to get more value out of the data that they have,” Brittan said in an interview. But “firms spend the majority of their data time on stuff that is not differentiated,” he added.
Crux does not sell or resell the data, but has established a network of information suppliers to help clients discover new sources.
Originally published November 8, 2017 at Silicon Angle
Author: Eric David
The San Francisco-based company calls itself a “data engineering concierge service,” allowing businesses to extract value from their unstructured data quickly and efficiently. Rather than doing the data analysis itself, which is generally left up to specialized artificial intelligence programs, Crux instead extracts and organizes companies’ data to make it more digestible. The company specializes in financial data for banks, hedge funds, financial firms and so on, which is what drew Goldman Sachs to the startup.
Originally published November 8, 2017 at American Banker
Author: Penny Crosman
It’s a given that banks, hedge funds, insurance companies, research firms and others have an insatiable need for data to make decisions – where to place bets, what companies to buy or fund, to whom to extend credit, and so forth.
Finding the right data from new sources, including data aggregators, alternative credit bureaus and satellite imagery, and making it readable to existing programs is a huge chore.
Originally published November 8, 2017 at Techcrunch
Author: Jonathan Shieber
“Think of Crux as a Switzerland for data storage and services. The company won’t reveal any information or resell to anyone else the proprietary information it processes and holds for its clients. It’s merely a processing engine for taking the data that big banks and businesses that depend on big data sets need, and crunches that data — reducing it to the metrics that matter most for the clients it serves.”
Originally published November 8, 2017 at Business Insider
Author: Frank Chapparo
“However, acquiring data, storing it, and then making sense of it, is a timely process for many firms and often draws resources away from actually figuring out ways to execute strategies based off the data you have. Brittan said he wants to take that non-differentiated grunt work off the hands of Wall Street’s hedge funds, banks, and private equity firms.
“Just like how a logistics firm helps manufacturing company orchestrate supply chains, we are orchestrating the supply chain of data,” Brittan said.
As such, Crux doesn’t just connect its customers with data from providers. Instead, it aims to help guide clients through the entire data supply chain, from acquiring data from providers to cleaning and preparing the data to then packaging it to clients in a way that’s relevant for them.”