Bloomberg will move historic trading data to cloud in support of clients’ machine-learning ambitions by Caroline Donnelly via @computerweekly

Bloomberg will migrate its historical market data to the cloud so that the company’s clients can use the data to test algorithms and train machine learning models. Bloomberg’s chief information officer, Tony McManus, said the company had a growing number of hedge fund clients requesting access to its databases for data analytics purposes.

This is great news for any company developing anything in the area of company or trading data.  So much better than any on-premise data as it can be more up-to-date.