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.
Nasdaq Inc. is a financial services corporation that owns the Nasdaq stock market and eight European stock exchanges.
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 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 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.