Monday Jan 27, 2014

Announcing: Oracle Big Data Lite Virtual Machine

You've been hearing alot about Oracle's big data platform. Today, we're pleased to announce Oracle Big Data Lite Virtual Machine - an environment to help you get started with the platform. And, we have a great OTN Virtual Developer Day event scheduled where you can start using our big data products as part of a series of workshops.


BigDataLite Picture

Oracle Big Data Lite Virtual Machine is an Oracle VM VirtualBox that contains many key components of Oracle's big data platform, including: Oracle Database 12c Enterprise Edition, Oracle Advanced Analytics, Oracle NoSQL Database, Cloudera Distribution including Apache Hadoop, Oracle Data Integrator 12c, Oracle Big Data Connectors, and more. It's been configured to run on a "developer class" computer; all Big Data Lite needs is a couple of cores and about 5GB memory to run (this means that your computer should have at least 8GB total memory). With Big Data Lite, you can develop your big data applications and then deploy them to the Oracle Big Data Appliance. Or, you can use Big Data Lite as a client to the BDA during application development.

How do you get started? Why not start by registering for the Virtual Developer Day scheduled for Tuesday, February 4, 2014 - 9am  to 1pm PT / 12pm to 4pm ET / 3pm to 7pm BRT:

OTN_VDD

There will be 45 minute sessions delivered by product experts (from both Oracle and Oracle Aces) - highlighted by Tom Kyte and Jonathan Lewis' keynote "Landscape of Oracle Database Technology Evolution". Some of the big data technical sessions include:

  • Oracle NoSQL Database Installation and Cluster Topology Deployment
  • Application Development & Schema Design with Oracle NoSQL Database
  • Processing Twitter Data with Hadoop
  • Use Data from a Hadoop Cluster with Oracle Database
  • Make the Right Offers to Customers Using Oracle Advanced Analytics
  • In-DB Map Reduce with SQL/Hadoop
  • Pattern Matching in SQL

Keep an eye on this space - we'll be publishing how-to's that leverage the new Oracle Big Data Lite VM. And, of course, we'd love to hear about the clever applications you build as well!

Monday Jan 06, 2014

CaixaBank deploys new big data infrastructure on Oracle

CaixaBank is Spain’s largest domestic bank by market share with a customer base of 13.7 It is also Spain’s leading bank in terms of innovation and technology, and one of the most prominent innovators worldwide. CaixaBank has been recently awarded the title of the World’s Most Innovative Bank at the 2013 Global Banking Innovation Awards (November 2013).

Like most financial services companies CaixaBank wants to get closer to its customers by collecting data about their activities across all the different channels (offices, internet, phone banking, ATMs, etc.). In the old days we used to call this CRM and then this morphed into "360-degree view" etc etc. While many companies have delivered these types of projects and customers feel much more connected and in control of their relationship with their bank the capture of streams of big data has the potential to create another revolution in the way we interact with our bank. What banks like CaixaBank want to do is to capture data in one part of the business and make it available to all the other lines of business as quickly as possible.

Big data is allowing businesses like  CaixaBank to significantly enhance the business value of their existing customer data by integrating it with all sorts of other internal and external data sets. This is probably the most exciting part of big data because the potential business benefits are really only constrained by imagination of the team working on these type of projects. However, that in itself does create problems in terms of securing funding and ownership of projects because the benefits can be difficult to estimate which is where all the industry use cases, conference papers and blog posts can help in terms of providing insight into what is going on in across the market in broad general terms.

To help them implement a strategic Big Data project, CaixaBank has selected Oracle for the deployment of its new Big Data infrastructure. This project, which includes an array of Oracle solutions, positions CaixaBank at the forefront of innovation in the banking industry. The new infrastructure will allow CaixaBank to maximize the business value from any kind of data and embark on new business innovation projects based on valuable information gathered from large data sets. Projects currently under review include:

  • Development of predictive models to improve customer value
  • Identifying cross-selling and up-selling  opportunities
  • Development of personalized offers to customers
  • Reinforcement of risk management and brand protection services
  • More powerful fraud analysis 
  • General streamlining of current processes to reduce time-to-market
  • Support new regulatory requirements

The Oracle solution (including Oracle Engineered Systems, Oracle Software and Oracle Consulting Services) consists in the implementation of a new Information Management Architecture that provides a unified corporate data model and new advanced analytic capabilities (for more information about how Oracle's Reference Architecture can help you integrate structured, semi-structured and unstructured information into a single logical information resource that can be exploited for commercial gain click here to view our whitepaper)

The importance of the project is best explained by Juan Maria Nin, CEO of CaixaBank:

“Business innovation is the key for success in today’s highly competitive banking environment. The implementation of this Big Data solution will help CaixaBank remain at the forefront of innovation in the financial sector, delivering the best and most competitive services to our customers”.

The Oracle press release is here: https://emeapressoffice.oracle.com/Press-Releases/CaixaBank-Selects-Oracle-for-the-Deployment-of-its-New-Big-Data-Infrastructure-4183.aspx

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The data warehouse insider is written by the Oracle product management team and sheds lights on all thing data warehousing and big data.

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