Technology Category
- Analytics & Modeling - Big Data Analytics
- Application Infrastructure & Middleware - Database Management & Storage
Applicable Industries
- Cement
- Construction & Infrastructure
Applicable Functions
- Procurement
Use Cases
- Real-Time Location System (RTLS)
- Track & Trace of Assets
Services
- Hardware Design & Engineering Services
- System Integration
About The Customer
Opensee is a financial technology company that provides real-time self-service analytics solutions to financial institutions. These solutions help financial institutions turn their big data challenges into a competitive advantage by unlocking vital opportunities led by business users. Opensee, formerly known as ICA, was started by a team of financial industry and technology experts. The company is headquartered in Paris, with offices in London and New York, and works with a trusted client base across global Tier 1 banks, asset managers, hedge funds, and trading platforms.
The Challenge
Opensee, a financial technology company, was founded by a team of financial industry and technology experts who were frustrated by the lack of simple big data analytics solutions that could efficiently handle their vast amounts of data. Financial institutions have always stored large amounts of data for decision-making processes and regulatory reasons. However, since the financial crisis, regulators worldwide have significantly increased reporting requirements, insisting on longer historical ranges and deeper granularity. This has led to an exponential increase in data, forcing financial institutions to review and upgrade their infrastructure. Unfortunately, many of the storage solutions, such as data lakes built on a Hadoop stack, were too slow for at-scale analytics. Other solutions like in-memory computing solutions and query accelerators presented issues with scalability, high hardware costs, and loss of granularity. Financial institutions were thus forced into a series of compromises.
The Solution
Opensee built a solution that leverages ClickHouse, a data storage system capable of scaling horizontally with data and providing fast OLAP query response time. ClickHouse was chosen after a thorough evaluation in 2016. Opensee's platform can handle the huge volume that data lakes require and the fast response that in-memory databases can give, without the need to pre-aggregate the data. Opensee provides a series of APIs that allow users to abstract all the complexity and the physical data model. These APIs are used for data ingestion, data query, model management, etc. Opensee's back end, which provides indirect access to ClickHouse, is written in Scala, while PostgreSQL contains all the configuration and context data that must be managed transactionally. Opensee also provides various options for front ends to interact with the data, navigate through the cube, and leverage functionality like data versioning.
Operational Impact
Quantitative Benefit
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