June 1, 2012–Yet again, data analytics superheroes have found another exciting new way to better an industry. This time the credit default swap (CDS) market is the recipient of those proven data analytics as explained in the article, “Markit Data Analytics Unit Ships First Product”, on Finextra.
The newly created Market Credit Factors, an independent third party reporting service, will provide the following service according to the article:
“Developed through extensive research by Markit, the Credit Factors can be used in evaluating the expected performance of CDS and include fundamental, technical and macroeconomic-based indicators. These Factors span nine categories, including measures of relative value, earnings momentum, earnings quality and price momentum. In total, the Markit Credit Factors library includes more than 80 measures and covers the global universe of more than 1,500 single name CDS.”
It seems that more uses for analytics appear daily and that is not by happenstance. One of the fastest growing fields in the world data analytics and business intelligence providers are the key to enterprises’ success because their solutions work. They are able to sort and make usable ‘big data’, cut costs, and eliminate wasteful duplication expenses. Though data analytics providers have long understood the power they held we are happy to see industries embrace their services. Finally.