MSCI, a US-based critical decision support tools and services provider, has announced a partnership with Google Cloud to develop a cloud-native investment data acquisition and development platform.
The new investment data platform is being developed with the goal of providing data, insights, and solutions to drive better and quicker investment decision making.
Natively built on Google Cloud, the platform is expected to assist MSCI to create solutions to improve its service to its customers including asset owners, asset managers, banks, insurers, corporates, and wealth managers.
By leveraging Google Cloud’s artificial intelligence (AI), natural language processing (NLP) technologies, and advanced analytics including BigQuery, Document AI, and VertexAI, MSCI expects to acquire, ingest, and process both structured and unstructured data faster and at scale.
Google Cloud CEO Thomas Kurian said: “Google Cloud has a unique strategy for helping customers get insight from their data. We enable customers to analyse structured and unstructured data in one system, and unify data lakes, data warehouses, and machine learning into a single platform.
“Our collaboration with MSCI will enable it to build an intelligent, cloud-native data platform that will improve the way its customers can make investment decisions.”
With consistent data in hand, MSCI expects to quickly and more easily innovate its range of solutions and uncover insights.
To further assist MSCI in quantifying physical and transition climate risk factors across securities, geographies, and markets, Google Cloud will offer geospatial analytics capabilities such as Earth Engine and BigQuery Geospatial.
The integration of geospatial data into MSCI’s products and solutions will allow investors to accurately and efficiently model climate risks by location, resulting in more informed analysis, forecasting, and decision-making.
MSCI chief technology officer Jigar Thakkar said: “We are pleased to join forces with Google Cloud to build a best-in-class AI and NLP-driven investment data platform that will help our research team accelerate its ability to create analytical products that power the financial markets.
“Combined with our broader suite of technology initiatives, this marks another step toward our mission to help our clients align their portfolios with their investment objectives through relevant data and advanced technology.”