Chennai: Machine learning and analytics platform Cloudera Inc., has announced that Bombay Stock Exchange (BSE), has said it has implemented its big data lake on Cloudera Enterprise.
Centralizing enterprise-wide structured and unstructured data, Cloudera Enterprise gives BSE real-time analytics, while improving data governance and maintaining compliance with the latest industry Service-Level Agreements (SLAs), said a release.
Faced with data growing on an average rate of 400GB a day, BSE needed a robust and scalable data repository that consolidates data from multiple sources to shorten the time taken for analysis and reporting, it said.
By transitioning to Cloudera’s scalable and secure platform, BSE is now able to make data-driven decisions in real-time and takes at least 70 per cent less time than previously to generate complex reports, Cloudera claims.
“Real-time analytics and scalability are key factors in sustaining growth for BSE. As Asia’s first and now the world’s fastest stock exchange, it is vital for us to upkeep and future proof our critical systems and continue influencing the industry by building capital market flows,” said chief information officer, Bombay Stock Exchange, Kersi Tavadia.