Stock-Exchange
Case Study
Stock Exchange
A stock exchange in an emerging country, provides electronic trading platform, first of a kind in south asia. It has 296 companies representing 20 business sectors market capitalization of Rs. 3115.52 billion.
The Problem
The stock exchange’s primary challenge was implementing a scalable analytics solution that could support a large base of concurrent business users without compromising on speed or security. The IT department was overwhelmed by the volume of queries from various departments, as their existing reporting tool was difficult for non-tech-savvy users to navigate. Additionally, the solution needed to ensure the highest level of security due to the confidential financial information handled by the exchange.
The Solution
BIRD’s features, such as natural language processing (NLP) for report creation and auto-available drill-downs and filters, made it easy for business users to analyze data without relying on IT. This significantly reduced the IT department’s workload. BIRD also implemented stringent security measures down to the row level, ensuring the solution met the exchange’s rigorous security requirements in the financial domain.
The Results
- Reduced dependency on the IT department for report creation, empowering business users to generate their own reports.
- Report generation time was reduced from 2 days to 2 weeks (depending on complexity) to anywhere between a second and an hour.
- BIRD’s scalable architecture can now support a very large number of concurrent users.