Customer Story

Deutsche Börse Group Lays the Groundwork for its Data Science Lab

 

Deutsche Börse Key Stats

Industry: Financial Services

Data Stack: AWS, Designer Cloud, Amazon S3, Tableau, Qlik

Region: Global

92%

Reduction in analytic build time

3 Weeks

Decreased data preparation down from 9 months

Core Challenges

Deutsche Börse Group saw an opportunity to transform what they once considered the “exhaust” of their trading business—huge volumes of stock data—to a sizable revenue contributor. Investing in data science would allow them to not only sell raw data, but more advanced content. Despite historical investments in on-premise architecture, Deutsche Börse Group knew it needed to build its new data science center in the cloud in order to take advantage of the cloud’s flexibility and scalability. The problem? Business users needed specific transformations made to data before it could be pushed into the cloud, but didn’t want to inundate an already busy IT team with requests. Even post-data migration, Deutsche Börse Group also wanted to prevent their highly-trained data scientists from spending the majority of their time on data cleansing and preparation tasks.

How Designer Cloud Solved this Problem

Designer Cloud allows Deutsche Börse Group to securely transform and move data from its on-prem environment to a cloud platform without burdening IT. Business users can see exactly how data will be transformed before moving it to the cloud and, perhaps equally important, can leave a clear audit trail of where the data originated and how transformations have been applied. The ability to save and reuse transformations means business users can accelerate this work with each new batch of data. And as data scientists leverage data for machine learning or predictive models, Designer Cloud allows them to reduce the amount of time spent preparing data; for example, a project that once required nine months time has now been reduced to three weeks with Designer Cloud.

 

Benefits

Secure Data Migration

Seamless, visually-driven data transformation and migration from on-prem to cloud platforms. Detailed data lineage provides transparency around data origins and changes.

Increased Data Quality

Allowing business users with the right context of the data to prepare it themselves leads to higher quality data and, down the road, more robust insights.

Increased Efficiency

IT involves themselves in data preparation only when needed; data scientists keep their focus on modeling, not cleansing.

Company Background

As an international exchange organization and innovative market infrastructure provider, Deutsche Börse Group offers its customers a wide range of products, services and technologies covering the entire value chain of financial markets.

 

 

The data we leverage is extremely varied and undergoes thousands of updates every second, which makes Designer Cloud a critical tool for our data scientists. Designer Cloud accelerates the process of preparing data and allows our data scientists to focus on the analytics that improve the marketplace at Deutsche Börse.

Deutsche Börse Group

Konrad Sippel, Head of Big Data & Automation

Deutsche Börse Group

 
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