S&P Global Expands Collaboration with Databricks with the addition of S&P Capital IQ Pro datasets via Delta Sharing
Rhea-AI Summary
AI-generated analysis. Not financial advice.
Positive
- Enhanced data accessibility and efficiency through direct querying without data ingestion
- Expanded dataset offerings including financials, estimates, sustainability data
- Reduced data duplication and latency issues through Delta Sharing protocol
- Strengthened partnership with a major data and AI company (Databricks)
Negative
- None.
News Market Reaction – SPGI
On the day this news was published, SPGI declined 1.01%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Additional S&P Global datasets available via Databricks Delta Sharing include financials, estimates, filings, transcripts, transactions, sustainability and more
Delta Sharing is Databricks' open-source protocol that enables customers to share live data across platforms, clouds and regions within an environment with strong data security and governance. With Delta Sharing, licensed users can directly query live S&P Global data without creating copies or managing complex pipelines. This greatly reduces data duplication and latency issues, allowing investment, risk, and strategy teams to always work with fresh data—all within their existing Databricks environment.
"In today's dynamic market, it is essential that we meet our clients where they are," said Warren Breakstone, Head of Data & Research at S&P Global Market Intelligence. "Our expanded relationship with Databricks enables us to deliver more seamless access and efficient querying, empowering clients to make informed business decisions through comprehensive analysis and insights. We are excited to enhance the availability and reach of our data through Databricks and Delta Sharing, ultimately benefiting our customers and their decision-making processes."
"As financial services demand for data intelligence grows, expanding on our collaboration with S&P Global bolsters our customers' ability to seamlessly, securely share data across platforms," said Junta Nakai, VP and Global Head of Financial Services at Databricks. "We are thrilled to be working with S&P Global to integrate a deep and unique set of insights from S&P Capital IQ Pro datasets into Databricks via Delta Sharing."
S&P Global's collaboration with Databricks previously included the integration of its energy and commodities datasets from its Commodity Insights division in Databricks. The Market Intelligence division also collaborated with Databricks on its S&P Global Capital IQ Workbench, creating a collaborative analytics notebook environment for its users.
S&P Global will continue to add additional datasets to Databricks Delta Sharing. View all the S&P Global datasets that are accessible via Delta Sharing on the S&P Global Marketplace and Databricks Marketplace.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.
We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. For more information, visit www.spglobal.com.
Media Contact:
Amanda Oey
S&P Global Market Intelligence
P. +1 212-438-1904
E. amanda.oey@spglobal.com or press.mi@spsglobal.com
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SOURCE S&P Global