Connect with us

Business

Bloomberg Launches Linked Open Data Website to Help Firms Derive Value and Enterprise-wide Efficiencies

Published

on

Bloomberg Launches Linked Open Data Website to Help Firms Derive Value and Enterprise-wide Efficiencies

Enterprise clients, developers and data scientists can easily discover and act on ‘ready-to-use’ datasets now available via Bloomberg’s Enterprise Access Point

Bloomberg today announced the launch of Enterprise Access Point, an online Open Data and Linked Data Platform that provides normalized reference, pricing, regulatory and historical datasets for Bloomberg Data License clients.

Available through the new website, clients can now browse quality data online, examine the metadata, trial sample datasets prior to acquisition, and immediately put them to use within their organization, executives announced at the Bloomberg Enterprise Tech and Data Summit.

Enterprise Access Point creates a seamless online experience for financial organizations looking to leverage data for critical business decisions. For the first time, Data License clients can directly program against Bloomberg’s comprehensive historical data, servicing the growing needs of data science.

As users of financial data increase in sophistication, they expect a self-service model for discovering and browsing data catalogs, and connecting their data tools directly to data publishers. Enterprise Access Point allows users to connect their enterprise systems directly to Bloomberg’s publishing platform, through a RESTful API, and receive complete and comprehensive data. By delivering data in clean standardized formats through one source, integration costs for customers are reduced, if not completely eliminated.

“Data fragmentation creates inconsistencies and misalignment across the enterprise, ultimately exposing organizations to unnecessary risks and costs,” said Gerard Francis, Global Head of Enterprise Data at Bloomberg. “Having a single access point for trusted data not only creates a new standard for quality, it also accelerates the client’s ability to realize bottom-line value across the enterprise.”

Data for Developers & Data Scientists

For data scientists, the information provided via Enterprise Access Point is available as CSV data frames and supports multiple technologies including Jupyter and Python Pandas. For professionals leveraging artificial intelligence (AI), the Linked Data is also available in a graph format. Web developers using Enterprise Access Point also benefit from Bloomberg’s RESTful Hypermedia API, which allows URL consistent data to feed directly into an enterprise’s software components, including machine-learning tools, with minimal friction or delay.

“Having access to deep data history is critical for any investing or business governance strategy based on data science insights,” said Matthew Rawlings, Chief Data Officer for Bloomberg’s Enterprise Data department. “By providing consistent data feeds along with history through API protocols, Enterprise Access Point allows scientists to apply data models with greater confidence and efficiency.”

Enterprise Access Point is part of Bloomberg’s Enterprise Data business, which produces high-quality pricing, reference and regulatory data sets, real-time market, event and news data, liquidity analytics along with data management and distribution technologies. For more information about Bloomberg’s Enterprise Access Point, please visit: eap.bloomberg.com.

Business

An unprecedented Black Friday: How can retailers prepare?

Published

on

An unprecedented Black Friday: How can retailers prepare? 1

Retailers must invest heavily in their online presence and fight hard to remain competitive as a second lockdown stirs greater uncertainty

With an unprecedented Black Friday and Cyber Monday weekend on the horizon (27th – 30th November), eCommerce hosting and consultancy expert, Sonassi, advises retailers to strengthen their online presence and make the necessary preparations for a fatigue in consumer spending.

James Allen-Lewis, Development Director at Sonassi, explains: “This year’s golden quarter has squeezed together three of the biggest sales periods like never before, meaning retailers will have to fight harder than usual to remain competitive this Black Friday. With greater discounts over a longer period of time, alongside the fact that a second lockdown has moved everyone and everything online, retailers will be battling it out for a share of decreasing consumer spending.

“However, this sense of uncertainty should not deter merchants from implementing their sales strategies this Black Friday and Cyber Monday weekend. Instead, they must go further than simply providing online discounts and tackle challenges head on by re-focusing their efforts on creating a highly competitive user experience. Successful merchants will make the necessary preparations for a change in consumer demand and invest more heavily in their eCommerce infrastructure.

“One way in which retailers can do this is by using last year’s Black Friday as a case study to inspire their future response. For example, retailers should take note of the key consumer behaviours that transpired throughout last year’s mega peak in discounting and plan accordingly for the upcoming Black Friday and Cyber-Monday weekend.

“Tactics such as providing the ultimate online delivery service and secure payment methods will also be pivotal for retailers looking to survive a fatigue in online spending. Consumers will look to retailers who do not overpromise on items like next-day delivery and ensure their checkout process is safe and frictionless for all. It is the retailers who embrace this fact and meet the needs of the conscious consumer that will win their share of consumers wallets.

Allen-Lewis concludes: “With Black Friday and the build-up to Christmas just around the corner, retailers must adapt to changing consumer demand, invest more heavily in their eCommerce infrastructure and focus their efforts on creating the ultimate online experience. The only way to plan ahead amid challenging times is to listen to the needs of the customer.”

Continue Reading

Business

Optimistic outlook for 2021 public M&A

Published

on

Optimistic outlook for 2021 public M&A 2

Optimism is returning and the outlook is positive for the Australian M&A market in 2021 after a COVID-induced crash in deal activity in 2020, according to Corrs Chambers Westgarth’s tenth M&A 2021 Outlook report.

The special report reveals that an environment of historically low interest rates positions M&A as a significant means of achieving growth and generating returns, including for private equity firms looking to deploy capital and strategic buyers focused on complementary acquisitions.

With the unprecedented challenge of the COVID-19 pandemic, global political instability and arguably the greatest economic challenge since the Great Depression, M&A 2021 Outlook details somewhat surprising trends emerging for the next 12 months and analyses a number of common COVID-19 myths and their influence on future M&A deal making.

Corrs’ detailed examination of the Australian M&A market draws on data taken from the firm’s proprietary database of transactions combined with in-depth research for the 12-month period ending 30 September 2020.

Key trends identified in the report include a rapid escalation in M&A levels and an increase in creativity in pricing and speed in closing deals, while also highlighting the critical need for support from target shareholders. Conditions also appear to be set for a continued rise in equity prices as a result of the ongoing influx of capital into Australian equity markets, making it imperative that bidders employ strategies to move quickly on M&A transactions.

Discussing the M&A 2021 Outlook, Corrs Head of Corporate, Sandy Mak, said “Despite a challenging year, our research indicates that 2021 could well see the volume and value of deals continue to grow. We are already witnessing this uptick in activity and while some industries and sectors are seeing a faster rebound than others, early indications are that the wider public M&A market will continue to strengthen over the coming months.”

Based on its detailed research, the M&A 2021 Outlook report discusses further key findings including:

  • Deal volume and value is the lowest since 2016, however volumes have shown significant recovery since June 2020.
  • More than 50% of deals in 2020 were ‘hostile’ and not recommended at the outset.
  • 71% of deals over A$500 million were structured by way of a takeover – a significant increase from prior years – largely as a result of increased competition for assets through rival bids.
  • Despite border closures and the tightening of foreign investment regimes, the percentage of deals with foreign bidders has increased materially since April 2020.
Continue Reading

Business

5 steps for SMEs to budget properly for the coming year

Published

on

5 steps for SMEs to budget properly for the coming year 3

By Fabio Comminot, Head of Dealing, Switzerland at Ebury, one of Europe’s largest Fintechs, has provided a five-step guide to make sure budgeting is done on time.

During the challenging times of COVID-19, it is difficult to forecast orders and costs. This is especially true for SMEs that operate internationally and therefore are exposed to currency fluctuations and market movements. So budgeting is immensely important.

Autumn is budget season for most companies. Upcoming project costs, sales and fixed costs must be defined or forecasted. Budget planning should be as accurate as possible right from the start of the process to avoid unexpected consequences at the end of the year..

With the effects of the COVID pandemic it has become difficult for all companies, no matter their size or history, to plan and make sales forecasts. Early planning and hedging are especially important for companies that work internationally and are therefore particularly exposed to currency risk.

These five steps will help SMEs take the right measures for the coming financial year, in time for budget season:

Step 1: Estimate your costs or sales in foreign currencies 

As difficult as it may seem, every company must estimate its expected fixed and variable costs for the coming year. Most companies can forecast their revenues based on experience or existing orders.

However, start-ups or young companies should also be able to at least estimate their costs including rents, insurance, wages and production costs. Special attention should be paid to costs or revenues that are spent or received in a foreign currency.

Step 2: Profit or cost assurance – define the strategy

As soon as an approximate plan for the coming year is in place, the company should consider the importance of currency management. Regular earnings or expenditures in foreign currencies are exposed to movements in exchange rates. If costs in a foreign currency are to be forecasted until the end of the year, the company needs to minimise volatility. This means that the exchange rate should be fixed so that there are no unexpected negative consequences at the end of the year.

Another option would be to protect the operating profit. Fluctuating exchange rates can rapidly ruin intended profit margins. In this case the company could aim to define the forecasted sales in the foreign currency and fix the margin based on this.

Step 3: Fix your budget rates 

The budget is set, the currency management goals are defined, the major part is done. Now it is a matter of defining the budgeted rates for the various currencies based on the current exchange rate. A buffer of about 5% can be useful when doing this – for example. instead of fixing the exchange rate from US dollar to Swiss franc at the current 91 cent, a rate of 95 cent could be budgeted. In this way, the minimum budget rate is defined and any negative exchange rate movement can be at least partially compensated for.

Step 4: Define the hedging strategy

With the targets and the budget course set, the next questions are: What currency developments can be expected? What is the industry outlook? Is the order situation relatively secure? Or is there practically no empirical data?

This step is where Ebury can support the company. Our experts in FX markets help answer these questions and begin to define the individual hedging strategy.

Step 5: Ensure a flexible fit

It’s done: the measures have been defined, now it’s time for implementation.

Ebury will implement the previous steps and , so that the company focuses on its core business. In contrast to traditional financial services providers such as banks, Ebury constantly monitors international trade and political events in order to assist clients with strategy adjustments. The Ebury team is supported by state-of-the-art technology and international currency analysts. It makes no difference whether the changes are driven by the currency market or whether the company’s order situation itself is changing. This allows the SME to focus on its operational business, which is worth a lot in uncertain times like these.

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2020
2020 Global Banking & Finance Awards now open. Click Here

Latest Articles

Barclays announces new trade finance platform for corporate clients 4 Barclays announces new trade finance platform for corporate clients 5
Trading1 hour ago

Barclays announces new trade finance platform for corporate clients

Barclays Corporate Banking has today announced that it is working with CGI to implement the CGI Trade360 platform. This new...

An unprecedented Black Friday: How can retailers prepare? 6 An unprecedented Black Friday: How can retailers prepare? 7
Business1 hour ago

An unprecedented Black Friday: How can retailers prepare?

Retailers must invest heavily in their online presence and fight hard to remain competitive as a second lockdown stirs greater...

What’s the current deal with commodities trading? 8 What’s the current deal with commodities trading? 9
Trading2 hours ago

What’s the current deal with commodities trading?

By Sylvain Thieullent, CEO of Horizon Software The London Metal Exchange (LME) trading ring has been the noisy home of...

Optimistic outlook for 2021 public M&A 10 Optimistic outlook for 2021 public M&A 11
Business2 hours ago

Optimistic outlook for 2021 public M&A

Optimism is returning and the outlook is positive for the Australian M&A market in 2021 after a COVID-induced crash in...

The ever-changing representation of value 12 The ever-changing representation of value 13
Finance7 hours ago

The ever-changing representation of value

By Vadim Grigoryan, Partner, Lunu Solutions Ask a selection of people about cryptocurrencies and you’ll likely receive a wide range...

Revolut Junior introduces Co-Parent - teach children about money together 14 Revolut Junior introduces Co-Parent - teach children about money together 15
Finance8 hours ago

Revolut Junior introduces Co-Parent – teach children about money together

Premium and Metal customers can invite a team mate to jointly manage their child’s Revolut Junior account Setting Tasks, Goals...

The Next Evolution in Banking 16 The Next Evolution in Banking 17
Banking8 hours ago

The Next Evolution in Banking

By Young Pham, Chief Strategy Officer at CI&T Everything we know about banking is about to change. A new industry...

Equity Sharing – How do you choose the right plan for you? 18 Equity Sharing – How do you choose the right plan for you? 19
Investing8 hours ago

Equity Sharing – How do you choose the right plan for you?

By Ifty Nasir, co-founder and CEO of Vestd, the share scheme platform In a survey of 500 SMEs, nearly half...

Cash was our past, contactless is our present, contextual payments are the future 20 Cash was our past, contactless is our present, contextual payments are the future 21
Top Stories8 hours ago

Cash was our past, contactless is our present, contextual payments are the future

By Jason Jeffreys, founder of FETCH $6tn in the next five years, this is how much the world will spend...

Iron Mountain releases 7-steps to ensure digitisation delivers long-term benefits 22 Iron Mountain releases 7-steps to ensure digitisation delivers long-term benefits 23
Technology8 hours ago

Iron Mountain releases 7-steps to ensure digitisation delivers long-term benefits

Iron Mountain has released practical guidance to help businesses future-proof their digital journeys. The guidance is part of new research that found...

Newsletters with Secrets & Analysis. Subscribe Now