Introducing AWS Data Exchange Posted on : Nov 16 - 2019

Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced AWS Data Exchange, a new service that makes it easy for millions of AWS customers to securely find, subscribe to, and use third-party data in the cloud. Qualified data providers include category-leading brands such as Reuters, who curate data from over 2.2 million unique news stories per year in multiple languages; Change Healthcare, who process and anonymize more than 14 billion healthcare transactions and $1 trillion in claims annually; Dun & Bradstreet, who maintain a database of more than 330 million global business records; and Foursquare, whose location data is derived from 220 million unique consumers and includes more than 60 million global commercial venues. For qualified data providers, AWS Data Exchange makes it easy to reach the millions of AWS customers migrating to the cloud by removing the need to build and maintain infrastructure for data storage, delivery, billing, and entitling.

Enterprises, scientific researchers, and academic institutions have been using third-party data for decades to conduct research, power applications and analytics, train machine-learning models, and make data-driven decisions. But, as these customers subscribe to more third-party data, they often have to wait weeks to receive shipped physical media, manage sensitive credentials for multiple File Transfer Protocol (FTP) hosts and periodically check for updates, or code to several disparate application programming interfaces (APIs). These methods are inconsistent with the modern architectures customers are developing in the cloud. This forces customers to build and maintain automation to ensure that they have the most up-to-date third-party data in the data lakes, applications, analytics, and machine-learning models that they’re migrating to AWS. Finally, customers have to manage disparate billing relationships and licensing agreements with every data provider they use. For data providers, it’s challenging to reach every customer that might be interested in their data without large investments in sales and marketing, as well as technology to store, deliver, bill for, and entitle data for their customers. These barriers often prevent customers who have valuable data from becoming a data provider.

AWS customers can subscribe to a diverse selection of third-party data in AWS Marketplace. For example, property insurers can subscribe to historical weather pattern data to calibrate insurance coverage requirements in different geographies; academic researchers can conduct studies on climate change by subscribing to data on carbon dioxide emissions; and healthcare professionals can subscribe to aggregated data from historical clinical trials to accelerate their research activities. Prior to subscribing to a data product, customers can review the price and terms of use that providers make publicly available. Once subscribed, customers can use the AWS Data Exchange API or console to ingest data they subscribe to directly into Amazon Simple Storage Service (Amazon S3) to use across the broadest and deepest portfolio of cloud services in AWS. Each time a provider publishes a new revision of their data, AWS Data Exchange notifies all subscribers via an Amazon CloudWatch Event, allowing them to automatically consume new revisions in their data lakes, applications, analytics, and machine-learning models running on AWS. Data subscription costs are consolidated in customers’ existing AWS invoice. Additionally, customers can ask their data providers to deliver their existing subscriptions to them using AWS Data Exchange at no cost. This enables customers to use AWS Data Exchange to consume all their third-party data in the AWS cloud using a single API. View More