New updates have been reported about Databricks (PC:DTBRK)
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Databricks has announced a strategic partnership with LSEG to integrate LSEG’s comprehensive financial datasets directly into Databricks’ platform via Delta Sharing. This collaboration aims to revolutionize how financial institutions leverage data for real-time investment analytics, risk management, and trading workflows. By utilizing Databricks Agent Bricks, financial teams can now swiftly develop AI agents that harness both enterprise and LSEG’s data, significantly reducing the time required to deploy these solutions from months to mere days.
The partnership addresses the challenges faced by financial services teams who struggle with outdated data delivery systems. By providing access to LSEG’s industry-leading datasets, including Lipper Fund Data & Analytics and Cross Asset Analytics, Databricks enables a seamless integration of live data, enhancing decision-making processes and maintaining a competitive edge. Stephen Orban, SVP at Databricks, emphasized the collaboration’s potential to automate tasks and provide actionable insights without the complexity of traditional data pipelines. Emily Prince from LSEG highlighted the move as a pivotal step in delivering trusted data where it’s most needed, unlocking new levels of intelligence and efficiency for financial institutions. This initiative is set to empower global banks and financial entities to optimize investment strategies, enhance trade analytics, and strengthen risk management through AI-driven solutions.