INTELLIGENT BRANDS // Green Technology
Rackspace works with Moody ’ s to analyze data from 400 million firms
Partnership provides a solution to ‘ doing more ’ with data – setting a new standard in financial scoring .
Rackspace Technology , a leading end-to-end multi-cloud solutions company , is to partner with global financial intelligence services specialists Moody ' s Analytics over management datasets involving 400 million firms .
The partnership is pitched as empowering Moody ’ s to improve their existing risk profile offering and bring new competitive services to its clients .
Sandeep Bhargava , Global Head of Solutions and Services , Rackspace Technology
Moody ' s Analytics is a globally integrated risk assessment firm that empowers business leaders to make better and faster data-driven decisions through insights and analytical solutions . The firm acquired one of the largest providers of private financial statements with data from over 400 million firms with more than 20 years of credit history .
Moody ' s subsequently sought a solution to improve their data management system and provide their clients with a rating or probability of defaulting score – enabling better risk assessment and better investment decisions .
Limited by their traditional data platform , Moody ' s Analytics realized that they needed to do more with their data . These ranged from enhancing existing operational processes to deriving insights for a competitive advantage and improving products and services for existing clients .
The Rackspace Elastic Engineering ( REE ) team was deployed to deliver ongoing innovation , modernization and transformation on a 24 / 7 basis and worked with Moody ' s Analytics to understand the key data sources , challenges and the opportunities to extract actionable insights and metrics from Moody ' s database .
Rackspace Technology designed a cloudnative solution with ETL processes for Moody ' s Analytics . This migration to AWS enabled Moody ' s Analytics to categorize each of the 400 million firms and define their probability of default on a daily basis within four hours .
“ Rackspace Technology is proud to have made a difference with Moody ' s Analytics in solving their data management challenge and helping the company meet their IT objective in setting a new standard in financial scoring . Through our Rackspace Elastic Engineering ( REE ) offering , we are providing Moody ' s Analytics on-demand access to a dedicated team of cloud engineers , enabling a cloud-native and agile operating model to deliver the desired outcome for their clients ," said Sandeep
Bhargava , Global Head of Solutions and Services , Rackspace Technology .
Louis Chapman , Senior Director , Product Operations , Moody ' s Analytics , said : " We were on a mission to take our firm ' s massive database and Rackspace has enabled us to streamline and optimize our data streaming and aggregation processes to provide our clients with actionable insights . The Rackspace Elastic Engineering team was instrumental in this process and they helped reorganize our data management system and rationalize it in a consumable and easily understood format for our clients to buy this data ."
Moody ' s Analytics required such scalability to empower their clients to identify the best-in-class entities and portfolios to partner and invest in . The financial firm was also able to soft launch the Peer Aggregation Engine , an amplified version of their backend analytics system to enable Moody ' s clients to receive actionable insights and metrics on a regular basis . p
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