Point Connect Data Retrieval via RDMS API
The original article on the LSEG Developer Community is available here. Don’t hesitate to read more of the author (Raksina Samasiri)’s great work on the LSEG Developer Portal.
Harnessing the Power of Data with RDMS API
In the digital age, we are inundated with data from all directions. This includes everything from social media posts and emails to the ever-changing fundamentals of global commodities. The challenge lies not in the acquisition of this data, but in its management and utilization. This is where the Refinitiv Data Management Solution (RDMS) comes into play.
The Power of RDMS
RDMS is a comprehensive solution that enables you to make the best possible use of your data, technology, and human or artificial intelligence1. It provides access to the most up-to-date data on global commodity markets1. The integrated solution ensures the consumption of big data in a logical and structured manner, extracting maximum value from your internal or external data sets at a lower cost.
Accessing Data via RDMS API
One of the key features of RDMS is the ability to retrieve data via its API1. This article provides a guide to retrieving commodities Point Connect data via the RDMS API using Python. However, as this is a REST API, any programming language that supports it can be used to make an API call1.
Introduction to RDMS
RDMS is a cloud-based or in-house infrastructure for streamlined data warehousing1. It comes with the added option of accessing all the information via platforms or integrating it with in-house visualization or data management systems via an open API framework. This reduces the total cost of ownership at your end.
Who Can Benefit from RDMS?
RDMS is the most effective solution for companies with exposure to commodities1. This includes energy companies, utilities companies, mining and materials companies, agriculture and F&B companies, transportation companies and airlines, and commodities trading houses.
Exploring Point Connect with RDMS API
Refinitiv Point Connect is one of the sources of data that can be retrieved using the RDMS API. With Refinitiv® Point Connect, you can view fundamental and forecast data for power, gas, agriculture, weather, hydrology, carbon, liquefied natural gas (LNG), and metals. Point Connect presents data simply in CSV files — and all in our metadata taxonomy for immediate access and context.
Prerequisites
To access Point Connect data, you need permission and a Refinitiv Data Management Solutions (RDMS) account. You will get an account to access the specific instance of RDMS that contains the data set that you’re interested in.
Conclusion
In conclusion, the RDMS API is a powerful tool for managing and utilizing data. Whether you’re a developer looking to integrate data into your applications or a business looking to leverage data for insights and decision-making, the RDMS API provides a comprehensive and efficient solution.
