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Additional resources

38% reduction in total cost of ownership

Key highlights

Category

Financial services

Location

Headquarters: Zurich, Switzerland

Solution highlights

  • Modern Data Platform: Cloudera Enterprise

Applications supported

  • Predictive analytics

Data sources

  • Credit Suisse databases
  • External data feeds
  • Public data sets

Impact

  • Saved nearly 10 hours a month per analyst
  • Provided new insight into investment strategies for clients
  • Reduce total cost of ownership by 38 percent

 

Big data scale

  • 54 TB of data with 2 TB added daily

Through the development of an enterprise-wide Big Data Platform on Cloudera Enterprise, Credit Suisse can more quickly and cost-effectively utilize advanced and highly scalable analytic capabilities against a wider range of data.

Credit Suisse Group AG is one of the world’s leading global private banks with distinctive investment banking capabilities.

Challenge  

Credit Suisse Group set out to standardize on an enterprise-wide big data and analytics platform.

Solution

Working with Cognizant and Cloudera, Credit Suisse created a Predictive Analytics platform that delivers targeted recommendations for trading ideas, research material, investment strategies, and much more. The platform currently analyzes more than 54 terabytes (TB) of data from Credit Suisse databases, external data feeds, and public data sets, with two TB being added daily.  

Implementation

Within a year, Credit Suisse productionalized the Cloudera-based platform with numerous additions including a number of security, authentication, and rapid push-button deployment enhancements. This allows any user that has completed associated prerequisites to get up and running in hours, not weeks, and has spurred many organizations across the bank to adopt the new platform.

Results

Credit Suisse’s Predictive Analytics platform has driven significant productivity savings—nearly 10 hours a month per analyst—and has provided new insight into investment strategies for clients. Additionally,  being able to run the platform on commodity hardware enabled Credit Suisse to reduce total cost of ownership by 38 percent.