Data Warehousing
What is data warehousing?
Data warehousing involves gathering data from various sources and storing it in a centralized location. This allows users to easily access and analyze the data for decision-making purposes. Modern investing involves large amounts of data coming from disparate sources. It’s difficult to manage, bring together, organize, and make sense of. With a data warehouse, data flows in and is stored in a data warehouse and organized to help with reporting.
What is data warehousing software used for?
Data warehousing plays an important role in business intelligence by facilitating reporting and data analysis. By combining data from various sources, it not only stores data, but makes sense of it and analyzes it. It offers valuable insights to aid in decision-making processes within an organization. These insights can shed light on market trends, patterns, and historical data, enabling more informed strategic planning.
What is the Clearwater PRISM Data Hub?
Clearwater PRISM is an innovative investment data warehousing solution. It allows for the storage and retrieval of various investment data sources used in generating statements and reports for clients. The data warehouse is a single source collection of data sources used for internal and external consumption.
Why is the Clearwater PRISM Data Hub important?
Clearwater PRISM aggregates, validates, standardizes, and normalizes all data sources, producing a single data source for both internal and external consumers that is readily available and easily exportable into pixel-perfect reports and client statements. Managers have to deal with vast amounts of data and it’s important to have a single source of truth. They also may maintain multiple systems and other data warehouses, but Clearwater PRISM’s Data Hub allows them to consolidate other warehouses into a comprehensive view, which means they don’t have to maintain the warehouse on their own.
Our open architecture platform provides access to complete, accurate, and timely investment data across client segments, asset classes, and geographies. It provides connectivity across accounting systems, CRM platforms, and more. It also supports multiple ABOR, performance, and analytical tools and allows users to interact with and view data feeds in real-time with our self-service portal.
What are the key benefits of Clearwater PRISM’s Data Hub?
The Clearwater PRISM Data Hub empowers client experience teams to easily retrieve, present, and disseminate aggregated client investment data and performance across physical and digital channels, ensuring seamless communication and a positive client experience.
With its single, flexible platform, all users across your organization, including IT and Ops, can access valuable insights instantly and export them into reports and client statements effortlessly. Clearwater PRISM enables investment managers to focus on delivering exceptional customer engagement and driving positive flows.
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