Financial Services Highlights from Strata+Hadoop World NYC 2016
One of the exciting things in my role is to attend key industry events and conferences. Strata+Hadoop World is one of my favorites and this is the first time I’ve attended it as a Clouderan. I was blown away by the enthusiasm, quality of speakers and the innovation happening in the big data space.
There were a number of activities at Strata +Hadoop World. In this blog, I wanted to highlight a few of them — booth activities, Data Impact awards and product announcements that will tremendously help Financial Services.
Booth Activities
This year we hosted at the Cloudera booth two demos focused on Financial Services use cases.
Zoomdata presented the new joint solution, where their data visualization capabilities combined with Cloudera’s big data tools made it very easy to extract customer insights. You can find more information about the Customer Insights solution and see a recorded demo here.
Trifacta featured their data wrangling tool in a Customer Digital Experience scenario. Data preparation is 80% of any work in a data analysis and Trifacta’s unique visual interface and its interactive predictions help business/IT users drastically reduce the time it takes to perform these complex tasks. In this demo they analyzed customer service web chat logs to understand customer interactions with the customer service department as part of their digital journey. You can watch the recorded demo here.
Data Impact Awards
The goal of this program is to recognize organizations that have built innovative applications on Cloudera’s distribution of Apache Hadoop that has a large impact for the organization or for social causes. , The nominations are submitted by customers, employees, partners, vendors, or peers, with nominee consent.
These are the Financial Services winners:
Credit Suisse Group AG in the Fast Track to Future-Ready category
Data Impact Awards
The goal of this program is to recognize organizations that have built innovative applications on Cloudera’s distribution of Apache Hadoop that has a large impact for the organization or for social causes. , The nominations are submitted by customers, employees, partners, vendors, or peers, with nominee consent.
These are the Financial Services winners:
Credit Suisse Group AG in the Fast Track to Future-Ready category
Credit Suisse Group AG, one of the world’s leading global private banks with distinctive investment banking capabilities, set out to standardize on an enterprise-wide big data and analytics platform. Within a year, Credit Suisse productionalized the Cloudera-based platform with numerous additions including a number of security, authentication, and rapid push-button deployment enhancements. This allows any user that has completed associated prerequisites to get up and running on Hadoop in hours, not weeks, and has spurred many organizations across the bank to adopt the new platform.
Nordea in the Business Risk Reduction category
The largest bank in the Nordic region has implemented a Cloudera data lake architecture that allows Nordea to produce, report, and monitor core data faster and with better data quality management than ever before. The solution loads data in real-time, empowers agile delivery with daily release cycles and has reduced time to market to a fraction of previous change cycles — all while reducing operating expenses significantly.
Cloudera Product announcements
Cloud
Cloudera announced new technology enhancements to its core platform that will make it easier for companies to use elastic, on-demand cloud infrastructure to gain significant business value from all their data. The unique value proposition of the Cloudera Hadoop in the Cloud offering is a combination of elastic infrastructure, multi-cloud and enterprise grade. You can watch a demo of how to deploy and run Apache Impala on AWS with Cloudera Director here.
Security
Cloudera and Intel announced a proposal to donate Spot to the Apache Software Foundation (ASF). Apache Spot (incubating), formerly called Open Network Insight (ONI), is a community-developed open source project started by Intel that aims to increase visibility into security threats by providing advanced threat detection using big data analytics and machine learning. Apache Spot has an Open Data Model (ODM) that will facilitate the exchange of security information between different parties.
Real-Time Streaming and Machine Learning
Another announcement concerned Apache Spark 2.0 and Apache Kudu 1.0.
Apache Spark is used in real-time streaming and machine learning use cases; Apache Kudu is used for real-time analytics. Both use cases are very important to Financial Services institutions in many use cases that involve improving the customer experience with real-time offerings, assessing risk in real time, making better business decisions in a timely manner.
In summary, Strata + Hadoop World NYC was a great event to learn, share and network with the community that is innovating and helping the digital transformation through data.
