We’re excited to be working with Snowflake’s innovative technology as we enter the next phase of that journey,” said Rob Goldstein, COO of BlackRock.
“Aladdin has been on a journey for three decades to put data at the heart of the investment process. Each Aladdin Data Cloud client receives an independent, centrally-managed data store pre-loaded with rich front-to-back Aladdin data sets which can then be supplemented with proprietary and other third-party data sources, allowing organizations to access and query their business-critical data on a single, cloud-based platform. The solution allows companies to bring Aladdin and non-Aladdin data together making it easy for users to build on top of it with Aladdin Studio, BlackRock’s platform for developers.īy bringing together Aladdin, a leader in investment management technology, and Snowflake’s Data Cloud, the Aladdin Data Cloud allows its clients to expand the utilization of data across their organization unlocking creativity and increasing operational efficiency.
The Aladdin Data Cloud will be a strategic part of Snowflake’s Data Cloud and a part of the Aladdin platform. BlackRock will launch Aladdin Data Cloud, a solution for investment managers to expand the utility of data, powered by Snowflake’s platform. NEW YORK-( BUSINESS WIRE)- BlackRock (NYSE:BLK) and Snowflake (NYSE:SNOW) today announced a strategic partnership to deliver a next-generation solution for the investment management industry.
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