IHS Markit selects Amazon Web Services as a cloud infrastructure partner

Global market intelligence company IHS Markit has selected Amazon Web Services to accelerate the migration of its business processes to the cloud.

Moving the majority of its data processing infrastructure, corporate platforms, and end-user applications and services out of its data centers to Amazon Web Services (AWS) will help the research firm to accelerate innovation and improve resiliency.

Under the new agreement, the company will migrate hundreds of additional applications over the next three years.

IHS Markit will leverage Amazon’s services including machine learning, analytics, database, containers, serverless, storage, and security to drive innovation and deliver new solutions to its customers.

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The research company will also leverage VMware Cloud on AWS, which offers organisations a faster, secure path to the cloud with reduced operational complexity, enabling IHS Markit to use the same VMware technologies to manage their on-premises data center environments and their AWS infrastructure.

IHS Markit delivers information, analytics, and solutions to more than 50,000 enterprise and government customers across various sectors including transportation and energy.

For the last several years, IHS Markit has developed and run several of its products on AWS. By broadening its utilisation of AWS’s storage, analytics, and machine learning services, IHS Markit will continue to organise and gain new insights from real-time market data to help clients get a more holistic view across markets, reduce risk, and operate more efficiently.

Yaacov Mutnikas, Chief Technology Officer and Chief Data Scientist, IHS Markit, said: “IHS Markit helps our customers across a variety of industries – across transportation, financial services, and energy and natural resources – to address strategic and operational challenges. Providing a comprehensive cloud based storage and processing platform across our vast range of data is an important next step in our digital transformation journey.

“Through the collaboration with AWS, we will be able to analyse global data faster, giving companies an integrated view into the global economy and sectors, and provide the next generation of innovative, customer-focused solutions.”

Chad Moss, Chief Information Officer at IHS Markit, adds: “With the rapid increase in the velocity and volume of data delivery requirements, it is important that our infrastructure provides scalability and resilience with a standardized security posture.

“Data security, integrity, and confidentiality across different jurisdictions are at the forefront of everything we do, and we will work with AWS to continue to deliver timely insights to clients in every corner of the world.”