The Australian exchange group has migrated its data and analytics footprint to Google Cloud to boost its capacity to support product innovation and expand access to insights
The Australian Securities Exchange (ASX) has chosen Google Cloud as its preferred cloud partner for the development of its data product innovation strategy.
The Australian exchange group has moved its data and analytics footprint to Google Cloud to bolster its capacity to support product innovation and expand access to insights for the company and its domestic and global customers.
ASX is utilising Google Cloud’s data and analytics technologies to generate actionable insights from DataSphere, its own platform for data science and commercialisation.
ASX chief information officer and technology and data group executive Dan Chesterman said: “Data is central to our strategy—financial markets depend upon reliable, timely and relevant data.
“We operate critical infrastructure that underpins both the Australian and New Zealand financial markets, so having access to best-in-class technology is critical.
“Our collaboration with Google Cloud enables us to make data and insights accessible in a flexible and scalable environment. It will help us bring new products and services to market faster.”
ASX’s migration to Google Cloud is being supported by tech consultant Servian.
Google Cloud and Servian have provided customised training and enablement plans for employees to develop the cloud and digital skills necessary to run DataSphere with Google Cloud technology.
Google Cloud Australia and New Zealand vice president Alister Dias said: “As one of the world’s top-10 listed exchange groups, ASX is transforming how financial markets deliver value by harnessing the power of data.
“By partnering with Google Cloud, ASX is fast-tracking its product innovation, by unifying their vast data estate and accelerating insights for all of their partners and truly unlocking the value of data and analytics.”