8 July 2013
As providers move to the cloud, advisers awaken to its potential
Outsourcing suddenly in with advisers and their firms
by Davis Janowski
InvestmentNews devotes a feature article to the revival of outsourcing in the financial services sector, and the rise of cloud computing, extensively quoting Alexei Miller, Executive Vice President at DataArt.
"Advisers have been paying attention to the idea of cloud computing for five years now. But only recently has the potential for this shift really hit home.
I recently met with representatives of boutique software developer and consultancy firm DataArt, who showed off some of these high-powered abilities from a laptop. Typing in most any nugget of information — one example was the ticker symbol for IBM — the application instantly tapped into remote databases containing much of the data described by Mr. Coffee.
On display were a half-dozen highly interactive, three-dimensional charts one could hover over, seeing correlations to a news story or a stock price dip or rise, along with some social-media streams and several other informational items.
The firm is so ensconced and consumed with real-world development in the cloud and through leveraging its tool set that it is very matter-of-fact about it.
“We simply call it the News Mining Dashboard,” said Alexei Miller, a partner at DataArt. “It is not a product we sell; rather, we just use it for demonstration purposes to give potential clients a taste of what is possible.”
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