Grid technology powers Wharton School's business research
Grid technology powers Wharton School's business research
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"Adding SAS Grid Computing helps WRDS meet the growing demands of academic and financial researchers around the world," said Robert Zarazowski, Senior Director of WRDS. "As financial research and analysis becomes more complicated, WRDS continually upgrades to ensure reliability and immediate results."
WRDS will apply the technology to all users of the service to create wide-ranging models, including portfolio construction and benchmarks, event studies, returns, market-to-book ratios, and momentum - at unprecedented speed.
SAS Grid Computing, which is part of the SAS High-Performance Computing family, allocates computing-intensive SAS applications across available hardware resources for improved performance and greater stability. It creates a managed, shared environment to process large jobs and a growing number of users efficiently.
WRDS has counted on SAS for analytics and reporting for 13 years, but dramatically rising subscriptions and queries drove the move to grid. With SAS Grid Computing, WRDS can have multiple servers simultaneously running SAS Analytics to tackle the most challenging requests. In addition, the flexible grid environment can grow incrementally and accommodate unexpected increases in analytic processing demand.
The Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The school has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 annual participants in executive education programs; and an alumni network of 88,000 graduates.
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