Case Study: a Fortune 500 financial services company increases revenue with ThoughtSpot

Traders Make Big Profits with Instant Access to Pricing Data

The securities lending team at a Fortune 500 financial services company faced a major challenge in accurately pricing securities due to data being locked in silos across 18 different antiquated systems. A single data analyst created a bottleneck by struggling to provide timely insights using a legacy BI tool, forcing traders to make decisions with limited information and costing the company significant revenue opportunities.

The company implemented ThoughtSpot, a search-driven analytics platform, which gave traders instant access to analyze all 18 data sources in real time. This allowed them to get accurate price quotes on-the-fly and focus their efforts on high-potential securities. As a result of using ThoughtSpot, the team generated a 10% increase in revenue and eliminated the reporting bottleneck for IT.