Macrobond delivers comprehensive macroeconomic and financial data to the Databricks marketplace
9am GMT, London, November 12, 2024 – Macrobond, a leading provider of global macroeconomic and financial data and technology, has announced a strategic partnership with Databricks, the Data and AI company, to make its extensive database of over 306 million macroeconomic and financial time series available directly on Databricks Marketplace.
Through the partnership, Databricks customers can build bespoke data feeds delivered via a Private Exchange to gain immediate access to any datasets from Macrobond, including point-in-time vintage data.
By leveraging Databricks’ advanced Data Intelligence Platform capabilities, clients can significantly reduce data extraction, transformation, and loading (ETL) time, allowing for a sharper focus on data analysis to derive immediate actionable insights. With Delta Sharing, Macrobond’s data is available to Databricks customers in real time without needing to copy the data, ensuring secure and compliant access to the latest information for macroeconomic and financial analysis.
Gregoire Haftman, Director of Product at Macrobond, said:
"Our customers’ needs are central to everything we do. Handling complex data, multiple stages of aggregation, integration and distribution can dilute core insights, particularly when delivery methods aren’t tailored to business needs.” Haftman further stated, “Our Pay-As-You-Go data feed, now available on the Databricks Marketplace, addresses these challenges and underscores our commitment to enhancing data accessibility to support businesses in making data-driven decisions through simplified, efficient workflows. By leveraging Delta Sharing, we can ensure secure, real-time data sharing across platforms, enhancing the overall efficiency and effectiveness of our data delivery."
David Kulwin, Technology Partner Director at Databricks said:
"As more financial services organizations look to build data intelligence, we’re thrilled to welcome Macrobond to the Databricks Marketplace. With Macrobond’s comprehensive macroeconomic and historical point-in-time datasets, customers gain seamless, query-ready data access. Delta Sharing eliminates the need for data replication, streamlining data analysis and secure access. The integration with Unity Catalog allows clients to effortlessly merge Macrobond datasets with their own data, enabling powerful queries and insights directly within their Databricks environment."
About Macrobond
Macrobond is a leading provider of global economic, aggregate financial and sector time-series data for financial professionals. Founded in Malmo, Sweden in 2008, Macrobond offers an advanced SaaS platform that aggregates timely, reliable data from over 2,500 sources worldwide. With integrated analytical tools and extensive metadata, the platform facilitates efficient data discovery, analysis, and visualization. Macrobond enhances decision-making and productivity by enabling seamless data integration, collaboration, and sharing.