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Roll No 19BM6JP50
The Bombay Stock Exchange(BSE) , established in 1875 was Asia’s oldest stock
exchange and fastest stock exchange in the world with trade speed of 6
microseconds.
BSE always followed continuous evolution by undertaking several innovative
initiatives.It’s fundamental mantra is “Never ever lose data”, keeping in mind this
Moto , BSE didn’t tweaked their legacy solutions.As time passed by, their entire
organisation became extremely reliant on their legacy solutions as they feared new
technology adoption would jeopardise the heritage of BSE of never losing data.
Due to this dependency they incurred a huge maintenance cost on the upgradation
of the proprietary solutions.They kept on paying money to stop the legacy system
from becoming obsolete.Problems faced by them are
Owing to these problems, the advisory board of BSE suggested a move to open
source technologies. They opined that technology reached such a stage that they
need to explore.
But there are some risks involved in that decision too
To tackle this problem ,BSE partnered with DataMetica for Hadoop based big data
implementation project.They were trying to venture into Indian market and BSE is its
biggest client, since it is prestigious they were very cognisant of this project.Data
Metica has prior experience in handling this type of projects and big data exposure
Initially DataMetica carried out proof of concept(POC) at zero cost and in less
time.So there is no harm for BSE in allowing to carry out a POC.
So, BSE made a right choice Initially by choosing DataMetica.
DataMetica built an enterprise data hub by collecting data from various sources and
provided BSE with big data governance system.Year after Year the synergy between
BSE and the company increased and even the CEO of BSE acknowledged
DataMetica as key driver in big data implementation project.He even acknowledged
that the company completed the project without much of BSE’s involvement.They
chose a right partner.
The BSE had benefited with the big data platform adoption as costs reduced by 20%
and performance increased in processing the data.Their new technology adoption is
turning out to be fruitful.But still BSE can enhance the big data based system within
their organisation