Hexaview Built a System for Inbound Data Integration from Multiple Sources and Outbound Data Flow using Azure Services

About the Company

F2 Strategy, creator of Outsourced CTO (OCTO), is a Wealth Tech management consulting firm helping complex RIA, wealth, bank/trust, and family office firms improve their technical capabilities to build exceptional client and advisor experiences. Led by former executives of a wide range of top-rated wealth firms and family offices, F2 Strategy combines their results-driven management strategy with industry-leading, proprietary research to create customized high-tech solutions. F2 Strategy was founded in 2016 in Silicon Valley and works with firms representing $1.7T in AUM.

Business Goals

The F2 Strategy envisions that the transformative potential of the technology can elevate and empower individuals to attain their highest levels of fulfilment. With this vision, F2 Strategy is prepared to extend its global influence, empowering people around the world to reach unprecedented levels of personal satisfaction through the right technological solutions.

Challenges

The client encountered a multifaceted set of challenges in managing unstructured and highly complex data. The sheer intricacy of the data posed a substantial hurdle, requiring adept management strategies. Additionally, the escalating cost of storing unstructured data within their environment emerged as a significant concern, impacting both budget and resource allocation.

Finding cost-efficient solutions to address these challenges while ensuring the integrity and accessibility of the data became a paramount concern for the client. The complexities associated with maintaining unstructured data further compounded the issue, presenting not only technical challenges but also adding to overall operational costs. Moreover, the client grappled with hurdles in effectively utilizing unstructured data, impeding their capacity to derive actionable intelligence from the wealth of information at their disposal.

Solutions

Hexaview delivered a comprehensive solution to address the client's challenges in managing unstructured data. The implementation included strategic data structuring and classification techniques, enhancing the organization and value of the data for effective analysis. Leveraging the Azure ETL tool, Hexaview streamlined and transformed the data, facilitating seamless loading into a centralized repository for storage and in-depth analysis.

Furthermore, Hexaview's solution incorporated advanced data analytics tools and techniques, empowering the client to extract valuable insights from the previously unstructured data. This facilitated efficient, data-driven decision-making. Additionally, Hexaview's approach extended to streamlining data maintenance processes, reducing complexities and associated costs. The result was a reliable and integrity-rich unstructured data environment, supported by a cost-effective infrastructure. Hexaview's holistic solution not only addressed immediate challenges but also positioned the client for enhanced data management and analysis capabilities in the long term

Architecture

Impacts

• Hexaview's solution resulted in a significant environmental cost reduction, leading to a commendable decrease of 28% in overall expenses.

• The implemented data structuring and streamlining processes contributed to a 31 % increase in overall efficiency, optimizing the client's operational workflows.

• With data now structured and streamlined, the client experienced a remarkable 42% improvement in data accessibility and utilization, enhancing their overall data management capabilities