Data as a Service (DaaS) increases the value of LSEG’s industry-leading content for financial institutions through easier data discovery, greater interoperability across data sets, and deeper integration into customer workflows and LSEG Workspace as it leverages the cloud to store, process, integrate, and analyse data. 

LSEG provides standardised and consistent data models, governance, and tooling to support customers’ access to data on-demand. This is delivered through their choice of channel and delivery methodology, including Bulk, Database and via other cloud services such as Microsoft Fabric.

DaaS provides customers access to all datasets, including structured and textual assets when and where they need them. Data is easily discoverable and provided in a concorded interoperable machine-ready format driving greater consumption and analytics.

LSEG’s DaaS will provide an enhanced customer experience along with following advantages:

• Cohesive and interoperable data model: DaaS provides a consistent data model that is interoperable, allowing customers to spend more time analysing data and less time on preparing data. Also, customers will spend less time and energy combining different datasets from LSEG.

• Frictionless discovery: Helps customers understand where to find LSEG data, and how to better utilise the data they can currently access. DaaS offers easy data discovery, providing the ability to try data before buying. The result is greater choice and the ability to mix and match, meeting customers where they are.

• Lineage and traceability: To support compliance and regulatory obligations. 

• Reduce total cost of ownership (TCO): Reduces customers’ integration cost and time, allowing more time to create insights from the data. There will be more cost reductions and efficiencies resulting from migrating to API and cloud-based products.

LSEG provides the infrastructure, tooling, and services to offer improved:  

• Data discovery

• Data management services

• Data governance

• Data distribution