I'll just pile on here. The functionality of the Terminal is seemingly infinite and goes way beyond market data. Although it is obviously very good at market data. You pull up a bond, or future, or stock, or index, type FLDS and see an amazing amount of data beyond just the price.
It has maps (ships, refineries, fires, earthquakes, etc), flight schedules, overviews, top/bottom lists, correlations, regressions... ad nauseam. And also a quant platform, where you can code in Python I think, but I've never used it. I've been using for longer than I can remember and it's still impressive.
Also, they have generally a good to excellent help desk. Hit F1 twice and you're chatting to a real person, who can either help you or direct you to someone else who can. They have let me down on occasion too, but compared to other help desks/support, BB is the best.
I am starting to see more latency in pulling up functions in the Terminal, so I hope they're not losing sight of the UX. Near-instance response used to be commonplace, now I find that even some very common screens like WEI take noticeable time to load.
It is expensive. Many competitors have come and gone, and the closest thing now is I think Eikon, which also have installed to access the old Datastream data, and it's a complex monstrosity. FactSet is another one but I haven't used it in a long time. Every time cost-cutting time comes, one of the first questions is, "Do you really need Bloomberg?" Well, yes, I do.
Also don't forget about how deeply integrated BB is at many companies. Not just spreadsheets, but entire applications using the API.
So good luck, but I don't see it happening.
It has maps (ships, refineries, fires, earthquakes, etc), flight schedules, overviews, top/bottom lists, correlations, regressions... ad nauseam. And also a quant platform, where you can code in Python I think, but I've never used it. I've been using for longer than I can remember and it's still impressive.
Also, they have generally a good to excellent help desk. Hit F1 twice and you're chatting to a real person, who can either help you or direct you to someone else who can. They have let me down on occasion too, but compared to other help desks/support, BB is the best.
I am starting to see more latency in pulling up functions in the Terminal, so I hope they're not losing sight of the UX. Near-instance response used to be commonplace, now I find that even some very common screens like WEI take noticeable time to load.
It is expensive. Many competitors have come and gone, and the closest thing now is I think Eikon, which also have installed to access the old Datastream data, and it's a complex monstrosity. FactSet is another one but I haven't used it in a long time. Every time cost-cutting time comes, one of the first questions is, "Do you really need Bloomberg?" Well, yes, I do.
Also don't forget about how deeply integrated BB is at many companies. Not just spreadsheets, but entire applications using the API.
So good luck, but I don't see it happening.