Data management is increasingly critical for energy and commodities companies as the datasets they must handle are expanding rapidly. Recently, I engaged in a discussion with Harshad Kolpyakwar, Head of Product Management for Energy at FIS regarding the market for data management solutions. Harshad perceives significant momentum for the FIS Market Data Analyzer – Energy Edition in the market. On one hand, many companies that previously established data lakes to consolidate their own and public data are encountering the challenge of a growing number of data sources, alongside escalating development and maintenance costs for their in-house systems which leads to higher total cost of ownership the companies wish to reduce. On the other hand, companies are seeking standardized, cloud-native solutions for reliable data provisioning. According to Harshad, this is precisely what FIS can offer with its delivery of quality data under strict SLAs for a broad range of market data feeds combined with hosting and application managed services. Financial safety, strong cloud capabilities with extended security are advantages of FIS offering according to Harshad. With numerous young technology companies entering the market with their cloud-native data platforms, I inquired about the competitive landscape for FIS market data solutions. Harshad mentioned… continue reading