Yesterday it was announced that the London Stock Exchange Group (LSE) is entering talks to buy data analytics firm Refinitiv. The excitement is brimming still as LSE shares hit a record high as investors cheer on the bid. The bid signifies how the financial data sector is a cornerstone of the financial services industry and those who endeavour to thrive in this area need to make bold moves and embrace new technologies to help customers respond to market conditions quickly.
Manoj Karanth, Vice President & Global Head of Data Science & Engineering, Digital Business at Mindtree, made the following comment :
“The news today of the London Stock Exchange (LSE) entering talks to buy data analytics firm Refinitiv is evidence of the increasing demand for digital services and advanced analytics tools. The financial data sector is a cornerstone of the financial industry and businesses hoping to thrive in this space need to make bold moves and embrace new technologies if they are going to help customers respond to market conditions quickly and distribute capital more efficiently. Financial services facilitate large volumes of high value transactions, making meaningful insights and analytics key to achieving results.
This deal represents an exciting opportunity for the LSE, which will no doubt drive better business decisions through richer data and more informed insights.”