The Role of Data in Devising Business Strategies for Recovery from the COVID-19 Pandemic Crisis
Cloudera, an enterprise data cloud company, has unveiled a new solution aimed at helping organisations overcome challenges of becoming data-driven. The solution, Cloudera Data Platform Private Cloud, is part of Cloudera's Enterprise Data Cloud Vision.
The rapid onboarding of mission-critical applications is now possible with Cloudera Data Platform Private Cloud, enabling businesses to run applications from anywhere without any disruption to existing ones. This innovative platform allows data storage and execution across various locations, providing a common architecture for both on-premises and public cloud workloads.
Two commonly cited barriers to maximising data for strategic gain are data silos or having multiple data copies, and the lack of interoperability between systems. Cloudera Data Platform Private Cloud addresses these issues by allowing businesses to navigate complex data processes across multiple clouds, manage data governance, and enable multi-function analytics.
Cloudera has shifted its strategy in APAC and India towards enhancing cloud-based solutions and hybrid data management to better adapt to the new normal. The focus is on greater flexibility, scalability, and localised support.
The solution also includes Cloudera SDX, which unifies diverse analytics, providing consistent security, governance, and lifecycle management across a shared data catalog. SDX administers everything across transient cloud workloads from a single pane of glass, offering efficient and comprehensive control of users, data, analytics, and resources.
SDX enables productive collaboration among users, allowing IT to control self-service analytics while catering to the needs of data scientists and engineers. With a common data catalog, SDX facilitates fast and secure data migration and replication for improved operational efficiency and control.
Cloudera's CDP delivers enterprise-level security, governance, and metadata across all data locations, from the Edge to AI. This has been demonstrated by various successful use cases. YES Bank, for instance, used Cloudera's data platform to mine financial transaction data and create machine learning algorithms, enabling customised campaigns and faster fraud detection. Axiata, the Malaysian telco, used Cloudera to gain insights from customer data, reducing customer churn, optimising marketing spend, and achieving cost savings.
The Bombay Stock Exchange centralised data using Cloudera, reducing report generation time by 70% and achieving annual operational cost savings of INR 60 million. Cloudera's CDP is particularly beneficial for highly regulated industries in India such as telecom, banking, and financial services.
IDC predicts that 50% of Indian enterprises will adopt hybrid cloud by 2021, and CDP offers a solution for organisations to set up a crucial data foundation for business recovery and opportunity leverage. IDC also predicts that the collective sum of the world's data will grow from 33 zettabytes in 2018 to 175ZB by 2025, underscoring the importance of effective data management solutions.
In 2019, only 43% of ASEAN companies were using big data to enhance their businesses. Cloudera Data Platform Private Cloud supports, manages, and governs data and comes with the flexibility of deploying it across any cloud platform. This makes it an attractive option for businesses looking to harness the power of their data for strategic gain.
In conclusion, Cloudera's new solution provides businesses with the speed, agility, security, and governance required by IT teams. It offers a comprehensive solution for data management and analytics, addressing common challenges in the industry and enabling businesses to become truly data-driven.
