Is AWS FinSpace Worth Its Salt?

Is AWS FinSpace Worth Its Salt?

Is AWS FinSpace Worth Its Salt? Recently, AWS came out with Amazon FinSpace, a data management and analytics platform designed specifically for the financial services sector. Amazon FinSpace is tailor-cut for hedge funds analysts, asset management firms, etc.

The global financial services market is expected to reach a valuation of $28,529 billion in 2025 from $22,515 billion in 2021, a growth of 26% during the forecast period, as per the Financial Services Global Market Report 2021. Data management is at the core of financial services. It helps to gain insights and make data-driven decisions. However, data analysis is a challenging task.

Recently, AWS came out with Amazon FinSpace, a data management and analytics platform designed specifically for the financial services sector. The purpose-built analytics service reduces the time it takes FSI organisations to find, prepare, and analyse financial data from months to minutes.

How it works

Amazon FinSpace is tailor-cut for hedge funds analysts, asset management firms, insurance companies etc. The tool helps tamp down the time spent on data collection and organising structured and unstructured data to allow analysts more time to focus on the research part. It further facilitates running analysis on demand across all accessible data, including internal sources such as portfolio management systems, order management systems, and execution management systems, and third-party data like job statistics and earnings reports.

aws finspace aws

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