Christopher Ellis on cloud
From Nicole McQueen, AWS & Chris Ellis, FactSet | AWS Financial Services · · SiliconANGLEtheCUBE
“Data warehousing and data management is a critical component of the firm's target operating model — AWS becomes a more important partner for FactSet every single day.”
On , Christopher Ellis, Executive Vice President and Head of Strategic Initiatives & Partnership at FactSet, spoke about cloud during Nicole McQueen, AWS & Chris Ellis, FactSet | AWS Financial Services on SiliconANGLEtheCUBE.
About Christopher Ellis
In a November 2023 interview for the AWS Financial Services Partner Series, Ellis discussed the partnership between FactSet and AWS. He stated that the velocity of change impacting financial services over the last decade has been "truly unprecedented," citing evolving customer expectations, new industry players, and emerging technologies. Ellis said that FactSet and AWS are enabling customers to increase efficiency and agility by accelerating speed to market, allowing institutions to go "from an idea to implementation quickly" using cloud services and purpose-built solutions. He emphasized that the solutions discussed are "real," "in production," and "ready to go" for mutual clients. Ellis noted that FactSet provides about 30 foundational data sets, including company fundamentals, estimates, ownership, and macroeconomic data. He described the growth of private capital as having "skyrocketed," which places the burden of data management on clients because private assets are often unstructured and not naturally concorded. Ellis argued that data sitting in a silo cannot be combined with other data sets to produce the best analytic conclusion, and that data must be "perfectly blended together" to maximize analytic quality. He also said that the partnership with AWS allows FactSet to be "more responsive than we frankly never thought we could have been in the past," enabling tri-party collaboration with clients to solve needs more quickly.