Who & Why
FAVORITE DATOMIC FEATURES:
Powerful query capabilities, built-in cache, built-in history, flexible data stores
HOW IT WORKS:
Datomic's sophisticated abstraction layer in front of the data store enables advanced functionality such as caching, history and querying.
DynamoDB (Amazon Web Services)
Timely insights are critical for investment bankers. With its groundbreaking finance technology, Pellucid Analytics has simplified data analysis and content creation for investment banking firms, empowering bankers at all levels to spot and share opportunities faster to benefit investors.
Pellucid added Datomic to expand the speed, power and scalability of DynamoDB. “We needed it all – powerful querying, transactions, caching, history, a real database. Not a glorified bucket. And caching had to be transparent.”
Build for Speed and Scale
Datomic provides powerful querying capabilities, enabling Pellucid to access data faster, highlight emerging opportunities, and create supporting materials that bankers can use to deliver timely insights to investors.
Datomic’s elastic read scalability goes down the application stack, right to the data layer. Pellucid scales application servers as needed and releases resources back to the cloud when load disappears. “It’s hard to beat for read scaling. And caching is easy. We don’t even think about it anymore.”
Not all financial institutions are comfortable with data in the cloud. They want it behind their firewall. With Datomic, the team simply swapped out the data store from the cloud-based DynamoDB to SQL in the data center. The team didn’t have to re-write code to move from AWS to an SQL database in the data center.
“That saved us months in development. We simply couldn’t do it without Datomic. Combined with DynamoDB, it gives us rich querying capabilities, but without the headaches typically associated with scaling and managing an SQL database.”
Time-Travel Data Access
Datomic gives Pellucid control over how and when it distributes infor- mation to bankers. For example, the team gets financial data updates every hour but doesn’t make them visible until after the markets close. Pellucid performs updates as they come in, preserves that moment in time, then flips the switch when they want the data to be available to customers.
“Snapshotting like this would have taken us months to code using other systems. It’s also a great way to debug an application. We can travel back in time to query data at a particular moment in history.”
For more information about how Datomic can boost speed, power and scalability for your business, contact us.