{"id":11287,"date":"2022-08-26T12:50:00","date_gmt":"2022-08-26T12:50:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3855788_AE55788_0"},"modified":"2022-08-26T12:50:00","modified_gmt":"2022-08-26T12:50:00","slug":"equipped-with-huaweis-tech-bank-of-communications-wins-the-asian-bankers-award-of-best-big-data-implementation-in-china","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=11287","title":{"rendered":"Equipped with Huawei’s Tech, Bank of Communications Wins The Asian Banker’s Award of Best Big Data Implementation in China"},"content":{"rendered":"

BEIJING<\/span><\/span>, Aug. 26, 2022<\/span><\/span> \/PRNewswire\/ — The Asian Banker, an authoritative global platform for insights about the finance industry, has unveiled the winner list for its 2022 Financial Technology Awards at Finance China 2022. Bank of Communications (BOC) won the Best Big Data Implementation award for its Lakehouse DaaS<\/span> built using Huawei Cloud FusionInsight intelligent data lake.<\/p>\n

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BOC’s business has grown rapidly over the past few years. The bank has expanded the number of business lines and has rendered its business processes more diversified, convenient, and intelligent. As a result, it’s generating an unprecedented amount of data and using it for complex applications. To cope with all this data, BOC has built an intelligent data lake \u2014 Lakehouse DaaS<\/span> \u2014 upon Huawei Cloud FusionInsight MRS cloud-native data lake and Huawei Cloud GaussDB(DWS) data warehouse.<\/p>\n

Powered by the GaussDB(DWS) distributed data warehouse, BOC has enhanced its access to data, reducing the cost of using data while improving efficiency and quality. BOC has also built a high-quality and centralized dashboard for comprehensive data analysis, which supports the bank’s operational decision-making and helps maximize the value of data.<\/p>\n

The FusionInsight MRS real-time data lake has helped BOC develop new technical capabilities, such as real-time collection and computing, and batch-stream convergence. The bank has also deployed real-time collection, computing, analysis, and consumption data flows, supporting various real-time and quasi-real-time business scenarios.<\/p>\n

Since launching the intelligent data lake, BOC has made big leaps in several fields.<\/p>\n