BlueBay Launches Business Intelligence Capabilities for Its Investors with Progress
October 10 2018 - 5:00AM
Business Wire
Through Progress DataDirect, the asset
management company seamlessly connected its highly customized
database with Tableau to create reports that drive the success of
their business
Progress (NASDAQ: PRGS), the leading provider of application
development and digital experience technologies, today announced
that BlueBay Asset Management, a leading fixed income asset
management firm, is leveraging Progress® DataDirect® OpenAccess™
SDK to deliver accurate and analytics-friendly data for its
financial institutions and high-net-worth individuals.
Based in the UK and with offices across the globe, BlueBay
provides asset management services to institutional clients,
including pension funds, insurance companies, financial
institutions and more. With an increasing demand for data and
analytics from investors and regulators, BlueBay needed to provide
access to their huge volumes of data in a graphical and interactive
way that would enable insights and intelligent decision-making.
While Tableau met the reporting needs of the business users, its
packaged connectors couldn’t support the customizations and
governance rules that BlueBay built on top of their database over
the years. BlueBay chose to work with the Progress DataDirect
OpenAccess SDK to build a custom ODBC driver that enabled seamless
integration with Tableau, while still leveraging the database
customizations important to their business.
“Data is at the heart of every business. To meet investor and
regulatory requirements, as well as our internal reporting needs,
our data must be easy to manage, re-use and scale. We wouldn’t have
been able to achieve that without Progress,” said Andy Archer, CTO,
BlueBay Asset Management. “With Progress we did something we
couldn’t do with many other vendors–we jumped very quickly from
testing to a production environment, significantly boosting our
developer team’s productivity and delivering a very quick return on
investment.”
Progress DataDirect OpenAccess SDK enabled the BlueBay’s
developer team to rapidly develop Tableau connectors from their
existing APIs. Through the extensive .NET capabilities of Progress
DataDirect OpenAccess SDK, the team was able to easily integrate
the solution with its existing .NET systems without any additional
training or resources. With the timely customer support from
Progress and the available product documentation including examples
and detailed instructions, BlueBay managed to move from testing to
production in just a few months.
Business users can now seamlessly access BlueBay’s data and
quickly deliver it in their favorite dashboard to all stakeholders.
The ability to fully leverage Tableau Business Intelligence
functionality and the availability of accurate and sustainable data
at any given moment empowers BlueBay’s investors to be more
effective at portfolio management and reduce operational risk.
“More than 10,000 organizations worldwide leverage Progress
DataDirect to achieve high-performing, reliable and secure data
connectivity for better data gathering and analysis,” said John
Ainsworth, SVP, Core Products, Progress. “Companies with complex
data formats and requirements like BlueBay find that the Progress
solution gives them a strong advantage helping them to leverage
their data to drive positive business results.”
Additional Resources
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LinkedIn and Google+
- Read the Progress blog
About ProgressProgress (NASDAQ: PRGS) offers the leading
platform for developing and deploying strategic business
applications. We enable customers and partners to deliver modern,
high-impact digital experiences with a fraction of the effort, time
and cost. Progress offers powerful tools for easily building
adaptive user experiences across any type of device or touchpoint,
award-winning machine learning that enables cognitive capabilities
to be a part of any application, the flexibility of a serverless
cloud to deploy modern apps, business rules, web content
management, plus leading data connectivity technology. Over 1,700
independent software vendors, 100,000 enterprise customers, and two
million developers rely on Progress to power their applications.
Learn about Progress at www.progress.com or
+1-800-477-6473.
Progress and DataDirect are trademarks or registered trademarks
of Progress Software Corporation and/or one of its subsidiaries or
affiliates in the US and other countries. Any other trademarks
contained herein are the property of their respective owners.
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ProgressKim Baker, +1 888-365-2779pr@progress.com
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