IHS Markit announced the launch of its Data Lake, uniting its vast data assets into a single catalogued platform. The cloud-based platform stores, catalogues, and governs access to structured and unstructured data. The Data Lake solutions include access to over 1,000 proprietary data assets, which will be expanded over time, as well as a technology platform allowing clients to manage their own data.
The IHS Markit Data Lake Catalogue offers robust search and exploration capabilities, accessed via a standardized taxonomy, across datasets from the financial services, transportation and energy sectors. For ease of usage, datasets commonly used together have been curated into data packages, including access to metadata, sample data and data dictionaries. The unstructured data capabilities will be further enhanced with the onboarding of over 1 million IHS Markit research reports, that will be catalogued and searchable by clients.
“Our Data Lake breaks down siloes by providing quick and efficient access to a vast data universe enabling much faster analysis across a large number of datasets,” said Yaacov Mutnikas, chief technology officer and chief data scientist at IHS Markit, in a statement. “The cloud-based platform provides the highest level of data governance at scale and a robust access control framework for data protection.”