Nasdaq
Nasdaq Increases Transparency Throughout Its Business
INDUSTRY
SOLUTIONS
SOFTWARE
Challenge:
Create a scalable, cloud-based platform with big data integration and analytics.
Solution:
Revamp legacy system by employing Pentaho Data Integration and Pentaho Business Analytics.
Outcomes
- Efficiently transforms and analyzes billions of rows of data daily.
- Enables Nasdaq to keep pace with 21st-century trading requirements.
- Creates a data environment that can be commoditized while lowering costs.
- Reduces total cost of ownership by 50%.
Nasdaq Inc. is a financial services corporation that owns the Nasdaq stock market and eight European stock exchanges.
The Challenge: Create a Cloud-Based Platform With Big Data Integration and Analytics
The company needed a way to quickly process and transform large data sets coming from multiple sources into a format that could be used efficiently to analyze several business lines in a timely manner. This was difficult due to the size of data.
The Solution: Pentaho Data Integration and Pentaho Business Analytics
The company chose a solution based on Amazon Redshift and Pentaho.
Amazon's RedShift offered the performance and price point needed with the ability to scale quickly.
Pentaho's product suite offered a perfect blend of ETL, visuals, and extensibility that addressed Nasdaq's needs.
The Outcome: A Data Environment That Can Be Commoditized While Lowering Costs
The solution lowered data processing time and increased business transparency.
Analytics are now available to management on a T+1 basis.
Managers can now quickly identify and understand factors impacting revenue, such as changes in participant behavior.
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Regardless of data size, Pentaho helps us make prudent decisions enabling us to compete.
– Michael Weiss, Senior Software Engineer, Nasdaq OMX