By MICHAEL CIRCLE
The Data Group News Service
Cloudera, a data company focused on enterprise artificial intelligence, announced Wednesday that it has been selected by JPX Market Innovation & Research, Inc. to help build a cloud-based integrated data platform called J-LAKE.
JPX Market Innovation & Research is the strategic data and digital arm of Japan Exchange Group, the operator of the Tokyo Stock Exchange and other financial markets in Japan. The company said it is aiming to become a "global, comprehensive finance and information platform" by leveraging Cloudera's technology.
J-LAKE will centralize data management, analytics and AI capabilities for JPX on the cloud. It is being built on Amazon Web Services and is intended to allow JPX to distribute financial insights and analysis across industries and geographies via AWS's global network.
Cloudera's hybrid data platform will serve as the central data architecture supporting J-LAKE across cloud and on-premises environments. JPX said it chose Cloudera because it needed a unified platform to manage the entire data lifecycle as it looks to boost critical systems, reduce operational timelines and create new data services.
"Cloudera makes it possible for us to drastically improve the sophistication and efficiency of our operations," said Kyoichi Nishibata, director of digitalization at JPX Market Innovation & Research.
Nishibata said building J-LAKE in-house will allow JPX to respond rapidly to changing customer needs, while tapping into AWS's cloud technologies and partner ecosystem to accelerate innovation.
Takeshi Osawa, Cloudera's managing director for Japan, said the company will continue enhancing its cloud data and AI offerings as it supports JPX's migration to AWS. Cloudera is working with JPX to design, test and validate the J-LAKE platform on AWS, with a target for completion by year-end.
Read more about Cloudera at Cloudera Press Releases.
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