How Snowflake’s Data Cloud Creates Better Investment Performance Analytics

When it comes to investment performance analytics, accurate and timely information are a necessity.

And with quality data, investment managers can make more informed decisions, track progress, and outperform their competition.

Along those lines, firms need reliable systems, and Snowflake’s Data Cloud offers a solution.

Data Cloud is a powerful platform for building scalable, efficient, and insightful performance analytics solutions.

Below, you will see how Snowflake empowers investment firms to streamline these processes, gain deeper insights, and enhance their decision-making capabilities.

Key Challenges in Analytics

An IBM study found that poor data quality strips $3.1 trillion annually from the US economy, and losses in the investment management space are no exception.

For so many investment organizations, the data analytics is real:

  • Data Integration and Silos: Performance data often resides across disparate systems – portfolio accounting, market data, benchmarks, and more. Manual consolidation is time-consuming and error-prone.
  • Scalability Limitations: Traditional systems struggle to handle the growing volume and complexity of investment data. A recent industry survey found that 75% of asset managers cite scalability as a major performance analytics roadblock.
  • Legacy Systems Constraints: Outdated infrastructure often lacks the flexibility to adapt to evolving performance methodologies, attribution models, or reporting requirements.
  • Time-Consuming Calculations: Performance calculations, particularly attribution analysis, can be computationally intensive, leading to delays in obtaining crucial insights.

How Snowflake Transforms Investment Performance Performance Analytics

1. Centralized Data Warehouse

Snowflake acts as a single source of truth, seamlessly integrating data from all relevant sources. Its elastic scalability accommodates any data volume and structure.

2. Near-Zero Maintenance

As a fully managed cloud service, Snowflake eliminates time spent on infrastructure management and upgrades. Your team can focus on analytics, not database administration.

3. Flexibility for Customizations

Snowflake supports custom calculations, complex attribution models, and tailored reporting using familiar SQL and other popular languages (Python, Java, etc.).

4. Lightning-Fast Performance

Snowflake's columnar storage and MPP (Massively Parallel Processing) architecture deliver exceptionally fast query speeds, even for computationally demanding analytics.

5. Pay-As-You-Go Pricing

Snowflake's usage-based pricing model ensures you only pay for the compute resources you use, leading to cost efficiencies.

Empaxis: Your Snowflake Partner

Empaxis has deep experience in every aspect of Snowflake solution design and implementation. We help clients optimize their performance analytics setup by:

  • Cloud Provider Expertise: Consulting on optimal Snowflake deployment strategies, license selection, warehouse configurations, and storage optimization to ensure cost-effectiveness and scalability.
  • Code and Documentation: Ensuring your development processes include robust code management and documentation for maintainability and knowledge transfer.
  • Data Modeling & Integration: Designing optimized data models specifically for performance calculations and seamlessly integrating data sources.
  • Security Best Practices: Implementing rigorous security measures to safeguard your sensitive investment data.
  • Pipeline Tools Selection: Recommending and integrating the best-fit ETL tools for your data sources and transformation needs.
  • Data Sharing: Enabling secure data sharing both internally and with external parties as needed, utilizing Snowflake's sharing features.
  • Business Glossary Integration: Defining and maintaining a comprehensive glossary to ensure consistent interpretation of performance metrics across your organization.
  • BI Tools Setup: Integrating your preferred BI tools (Tableau, PowerBI, etc.) with Snowflake, enabling user-friendly dashboards and reports.

Unlock the Power of Data-Driven Insights

Snowflake's Data Cloud, paired with Empaxis' expertise, empowers investment firms to overcome common analytics challenges and achieve superior results.

By centralizing data, optimizing performance, and ensuring flexibility, Snowflake positions investment managers to gain a competitive edge.  

Are you ready to transform your investment performance analytics? Contact Empaxis to discuss how we can help you build a solution tailored to your needs.

Chat with an Expert

Get the latest in automation, investment operations technology, & outsourcing

Our monthly newsletter features helpful resources, articles, and tips to implement at your investment firm. Enter your email below to subscribe: