Tag Archives: Big Data

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Why shift from ETL to ELT?

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The process of data warehousing is undergoing rapid transformation, giving rise to various new terminologies, especially due to the shift from the traditional ETL to the new ELT. For someone new to the process, these additional terminologies and abbreviations might seem overwhelming, some may even ask, “Why does it matter if the L comes before…

History of Big Data

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What is Big Data? In essence, Big Data is a term for data sets that are so large or complex that traditional data processing applications are inadequate. It usually includes data sets with sizes beyond the ability of commonly used software tools to capture, curate, manage and process data within a tolerable elapsed time[1]. The…

Blockchain ’s Disruptive Technology

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Ownership of Asset and transfers made between businesses can be costly, time consuming and inefficient with a high vulnerability of manipulation. There are high chances of dissimilarities with the ledgers of the parties. But there is one way to resolve these issues: Blockchain. What is Blockchain? Blockchain can be defined as a public ledger, openly…

How Banks Utilize Big Data Technology

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With the banking regulatory landscape undergoing a transformation, banks have realized the need for deploying Big Data technology to efficiently manage risks that come with growth of data. Following are some cases that explain how Big Data technology has been put into practice to meet critical banking requirements: Fraud Detection and Security Address anomalies in…

Which are the commonly used Hadoop Tools in Banking?

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Hadoop Infrastructure Hortonworks The company provides Hadoop Implementation and Solutions to various industries, also including financial institutions. Their main focus is to minimize risks by using analytics and data processing to maximize opportunity. Hadoop solutions by Hortonworks are used in banks, insurance companies and security firms to Detect Fraud, Model and Manage Risk, Improve Debt…

Hadoop in Banking: The Game Changer

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What is Hadoop? Apache Hadoop is an open source software framework written in Java for distributed storage and processing of very large datasets on multiple clusters. Developed by Doug Cutting and Mike Cafarella in 2005, the core of Apache Hadoop consists of ‘Hadoop Distributed File system for storage and MapReduce for processing data. The basic…