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In a bid to meet the needs of financial services organizations managing data, Amazon Web Services, Amazon’s cloud computing platform, has launched a new analytics service designed to meet financial firms’ specific data needs. Powered by Apache Spark, the platform aims to help large financial organizations prepare data on a petabyte scale.

One of the primary challenges for firms trying to capitalize on data is converting information in multiple formats and from multiple sources into usable information that can then be analyzed.

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