MUMBAI, India, Dec. 21, 2018 /PRNewswire/ -- Cloudera,
Inc. (NYSE: CLDR), the modern platform for machine learning
and analytics optimized for the cloud, today announced that Bombay
Stock Exchange (BSE), one of Asia's oldest stock
exchanges1, has implemented its big
data lake on Cloudera Enterprise. Centralizing enterprise-wide
structured and unstructured data, Cloudera Enterprise empowers BSE
with real-time analytics, while improving data governance and
maintaining compliance with the latest industry Service-Level
Agreements (SLAs).
Click to tweet: @Cloudera empowers
@BSEIndia to achieve real-time insights and enhance operational
efficiency by 20 times [https://bit.ly/2CmftEU]
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. 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 percent less time than previously
to generate complex reports. For example, it now takes only 20
minutes instead of the usual six hours to generate a Sync Trade
Report. Moreover, since Cloudera Enterprise eliminates the need for
expensive storage, BSE managed to reduce its operational cost by 20
times, which amounts to Rs 6 crore
annually.
With data breaches costing companies in India an average of Rs12 crore (US$1.7
million) last year, BSE decided to strengthen their security
posture by using Cloudera's authentication, authorization,
encryption, and auditing solutions. The move resulted in enhanced
perimeter and data security, improved identity and access
management, and better visibility on where and how data is
used.
"Real-time analytics and scalability are the 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 Kersi
Tavadia, chief information officer, Bombay Stock Exchange.
"With the highest number of deployment references in the market and
the lowest total cost of ownership among vendors, Cloudera
efficiently provides industry-standard technology and
infrastructural expertise that meets our business
requirements."
As false information can be detrimental to stock markets, BSE
used Cloudera to gain better social media analytics capability.
Previously, the stock exchange manually monitored print and online
media to identify suspicious materials, which was not only
time-consuming but also had a high risk of missing out relevant
news. By automating this process using Cloudera's Alert Generation
Mechanism, BSE's surveillance analysts are now able to receive
continuous updates and quickly clarify suspicious articles with the
relevant companies. This ultimately helps increase the integrity,
brand value and investor confidence in the stock market.
"As drivers of today's global digital economy, stock exchanges
are challenged to find a solution that empowers a robust and
standardized, yet scalable infrastructure for effective data
distribution, management, and real-time analytics," said
Vinod Ganesan, Country Manager for
India, Cloudera. "Cloudera's goal
is to be a partner in organizations' data journey and help
mission-critical organizations such as BSE deliver better products
and services to end-customers by optimizing data management for
real-time analytics while keeping with the latest industry
regulations."
Additional Resources
- Read our latest blogs:
-
- Introducing Cloudera Enterprise 6.0
- The New Era in Data Warehousing
- Learn more about our Cloudera Enterprise Data Hub
About Bombay Stock Exchange
Established in 1875, BSE
(formerly known as Bombay Stock Exchange Ltd.), is Asia's first and the fastest stock exchange in
world with the speed of 6 micro seconds. Over the past 143 years,
BSE has facilitated the growth of the Indian corporate sector by
providing an efficient capital-raising platform. Today, BSE
provides an efficient and transparent market for trading in equity,
currencies, commodities, debt instruments, derivatives, mutual funds. It also has a
platform for trading in equities of small-and-medium enterprises
(SMEs). India INX, India's first
international exchange, is a fully-owned subsidiary of
BSE. www.bseindia.com.
About Cloudera
At Cloudera, we believe that data can
make what is impossible today, possible tomorrow. We empower people
to transform complex data into clear and actionable insights. We
deliver the modern platform for machine learning and analytics
optimized for the cloud. The world's largest enterprises trust
Cloudera to help solve their most challenging business problems.
Learn more at www.cloudera.com.
Connect with Cloudera
About Cloudera:
cloudera.com/about-cloudera.html
Read our VISION blog: vision.cloudera.com/ and Engineering blog:
blog.cloudera.com/
Follow us on Twitter: twitter.com/cloudera and LinkedIn:
linkedin.com/cloudera/
Visit us on Facebook: facebook.com/cloudera
See us on YouTube: youtube.com/user/clouderahadoop
Join the Cloudera Community: community.cloudera.com/
Read about our customers' successes:
cloudera.com/more/customers.html
Cloudera and associated marks and trademarks are
registered trademarks of Cloudera, Inc. All other company and
product names may be trademarks of their respective owners.
This press release contains forward-looking statements
including, among other things, statements regarding the expected
performance and benefits of Cloudera's offerings. The words
"believe," "may," "will," "plan," "expect," and similar expressions
are intended to identify forward-looking statements. These
forward-looking statements are subject to risks, uncertainties, and
assumptions. If the risks materialize or assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. Risks include, but are
not limited to, risks described in our filings with the Securities
and Exchange Commission (SEC), including our Form S-1 Registration
Statement, and our future reports that we may file with the SEC
from time to time, which could cause actual results to vary from
expectations. Cloudera assumes no obligation to, and does not
currently intend to, update any such forward-looking statements
after the date of this release.
1 Asia's oldest stock exchange BSE may raise
$182 million in IPO, Reuters,
2017
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SOURCE Cloudera, Inc.