NASDAQ Elevates Pentaho to the Cloud for Big Data Analytics
Taps Into On Demand Big Data Analytics to Keep Pace with 21st Century Trading Requirements; Reduces Total Cost of Ownership by More Than 50%
February 17, 2015, STRATA + HADOOP WORLD 2015, SAN JOSE, Calif. — Delivering the future of analytics, Pentaho Corporation today announced NASDAQ OMX (NASDAQ: DNAQ), the world’s largest exchange company, has revamped their legacy system leveraging Pentaho Business Analytics to create a scalable, cloud-based big data integration and analytics platform. By embedding Pentaho, the NASDAQ OMX enterprise deployment is faster and more powerful for users reducing costs by half of the company’s previous solution. With Pentaho, a single development team replaces the work previously done by a mix of development, system admins, and database administrators contributing to the overall cost reduction.
Pentaho's extensible data integration and analytics platform, combined with Amazon Redshift’s ability to quickly scale, allowed NASDAQ to build a cloud-based, big data platform that efficiently and cost-effectively transforms and analyzes billions of rows of data every day. By capitalizing on the variety and volume of big data in a more self-service way to easily access, enrich and de-identify data sets, NASDAQ can package this data in new service offerings to identifying customer and cross-sell segmentation opportunities, ultimately widening the gap between NASDAQ and competitors.
"We are preparing the stock market for the next 100 years, addressing 21st century trading challenges (and beyond) with open and emerging technologies for cloud, business analytics and big data," said Michael Weiss, Senior Developer, NASDAQ. We collect over 10 billion rows of financial information everyday. With Pentaho we can now deliver any type of data with governance and stream it to lines of business and customers in a scalable, collaborative and cost effective way."
"By embedding Pentaho into their application, NASDAQ has created a transparent, standardized data environment that can be commoditized while lowering costs," said Rosanne Saccone, CMO at Pentaho. "As an innovative technology company with several new big data analytics projects in the works, we look forward to seeing what other new markets opportunities are on the horizon for NASDAQ."
About NASDAQ OMX Nasdaq.com is the official investor focused website of The NASDAQ OMX Group, Inc., the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit the official corporate site at www.nasdaqomx.com
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About Pentaho, a Hitachi Group company
Pentaho, a Hitachi Group company, is a leading data integration and business analytics company with an enterprise-class, open source-based platform for diverse big data deployments. Pentaho’s unified data integration and analytics platform is comprehensive, completely embeddable and delivers governed data to power any analytics in any environment. Pentaho’s mission is to help organizations across multiple industries harness the value from all their data, including big data and IoT, enabling them to find new revenue streams, operate more efficiently, deliver outstanding service and minimize risk. Pentaho has over 15,000 product deployments and 1,500 commercial customers today including ABN-AMRO Clearing, BT, EMC, NASDAQ and Sears Holdings Corporation. For more information visit www.pentaho.com.