Pentaho Excellence Awards
2014 Award Winners
Best Big Data - NASDAQ OMX
Finely tuning pricing models to extract the greatest return, without passing on exorbitant customer costs, is a goal for almost every business. Accomplishing this when analyzing roughly 10 billion rows of financial information every business day is the kind of proposition that few companies are prepared to take on, let alone able to take on as a big data project. NASDAQ’s OMX (NASDAQ: DNAQ), the world’s largest exchange company took on this challenge to meet the needs of more than 3,4000 listed companies with a market value over $8.5 trillion. Their clients were looking for business user, self-service analytics to make faster and more strategic decisions with less IT support. By replacing their legacy system with Pentaho and AWS Redshift, NASDAQ OMX created a solution that manages huge volumes of data efficiently and cost effectively so their business can derive more useful information. NASDAQ OMX created daily automatically generated reports, as well as self-service analytics and dashboards to effectively manage several lines of business. With Pentaho, now a single development team replaces work previously done by a mix of development, system admins, and database administrators. The new system infrastructure costs are 43% of the prior legacy solution, reducing costs by more than 50%. Further, the new system is faster and more powerful for users and allows NASDAQ to continue to scale and provide the greatest value to their customers.
