Technology and processes used to access, manage, process, and deliver data to users and applications. They are used by organizations to handle data effectively by ensuring its reliability, security, and availability, which can involve storing data in the cloud, creating reusable data functions, or providing standardized data through APIs.
Common applications include internal data management, financial market data provision, and specialized services like data enrichment or verification:
- Data delivery: Data services can package and publish data as standardized APIs, allowing other systems to access and retrieve it.
- Data management: They include features like built-in backups, monitoring, and high availability to facilitate successful operations.
- Data enrichment: Some services enrich data by adding characteristics that it doesn’t natively have, such as metadata, or by verifying information like account details.
