PALO ALTO, Calif., April 9, 2018 /PRNewswire/ -- Cloudera, Inc.
(NYSE: CLDR), the modern platform for machine learning and
analytics, optimized for the cloud, announced a partnership with
Simudyne, a leading simulation software company. The two will
jointly bring the first computational simulation platform built for
big data to the financial sector. Now banks and financial companies
can design and run any detailed simulation model at massive scale.
This will give CEOs and their senior business leaders the ability
to make dramatically better decisions more quickly than ever,
whether in the cloud, on premises, or in a hybrid environment.
Click to Tweet this:
1st computational simulation platform for big data now available.
@Cloudera #MachineLearning and #Analytics + @Simudyne Advanced
Simulation helps #FinServ model at massive scale:
http://bit.ly/2qcDUhG
#RiskManagement, #CreditRisk, #StressTesting,
#CustomerInsights
"With Cloudera Enterprise and our Shared Data Experience (SDX),
we provide the identity management, security capabilities, policy
enforcement and data governance that banks need for regulatory
compliance. Financial firms can use our flexible machine learning
platform to store more volumes of heterogeneous data than they
could before and subject it to all sorts of different processing
and analysis frameworks," said Tom
Reilly, chief executive officer at Cloudera. "Combined with
Simudyne, this modern approach to gaining insights and
understanding risk helps financial institutions make better
predictions and business decisions as economic scenarios
emerge."
Financial firms are under pressure to grow their business while
containing risk and complying with worldwide regulations. While
existing analytics tools provide various measures of risk exposure,
they are not able to fully consider complexities that exist in
today's world. While banks have spent considerable time and
resources meeting stringent regulatory requirements, there are
still many shortcomings in the current risk modeling methods.
Simudyne's core technology is the only simulation platform
certified to run on Cloudera Enterprise. With Cloudera's modern
platform, financial firms can manage credit risk, enable scalable
stress testing tools, drive better customer insight, and promote
economic stability.
"Simudyne is ground breaking technology currently being
leveraged across Barclays, and enables us to model multiple
scenarios on huge data sets so we can understand our risk, exposure
and options," said Jes Staley, chief
executive officer at Barclays Bank.
Computational simulation is a key set of analytic tools that
provide methods for studying a wide variety of models of real-world
systems. With detailed simulations, banks can incorporate the
complexities required to model the real world.
Agent Based Models (ABMs) are a critical new tool for
researchers, risk managers, marketing experts, business executives,
and policymakers because they provide a robust and holistic view of
possible future outcomes.
"Using the power of Cloudera machine learning and Simudyne's
computational simulation software, business leaders can now easily
run 'what if' scenarios on their existing infrastructure," said
Justin Lyon, chief executive officer
at Simudyne. "Together, we offer financial services the first
simulation toolkit that accurately captures complex feedback and
amplification effects that give rise to systemic risk. This new
approach addresses the issues created with single scenario
analysis, including limited insight into the resilience of the
financial system and the inability to capture nonlinear dynamics,
knife edges of risk, and emergent phenomena."
The Cloudera and Simudyne Computational Simulation joint
solution is currently available.
Additional Resources
- Learn more about the Cloudera and Simudyne Computational
Simulation: solution brief and [gated] whitepaper
- Visit the Cloudera Solution Gallery for more information about
Simudyne
- Register for the upcoming webinar, Extend Your Analytics
Toolkit with Computational Simulations with featured speakers:
Paige Bartley, senior analyst at
Ovum; Justin Lyon, chief executive
officer at Simudyne; and Richard
Harmon, financial services industry leader at Cloudera
About Simudyne
Simudyne believes that all decisions of consequence should be
subject to computer simulation. Our toolkit powers computer
simulations that provide greater foresight into the future and
enable radically better decisions.
Simudyne has built tomorrow's simulation platform: their
technology allows businesses to understand the past by creating
realistic models of the world from the bottom up. They can then
explore their environment by testing all possible decisions in a
safe virtual environment. Finally, they decide their future by
leveraging the wisdom of computational simulation. Simudyne is
already in use by Tier 1 banks looking to address challenges
relating to stress testing, contagion risk and liquidity
management.
www.simudyne.com
twitter.com/Simudyne
About Cloudera
At Cloudera, we believe that data can make what is impossible
today, possible tomorrow. We empower people to transform complex
data into clear and actionable insights. We deliver the modern
platform for machine learning and analytics optimized for the
cloud. The world's largest enterprises trust Cloudera to help solve
their most challenging business problems. Learn more at
cloudera.com.
Connect with Cloudera
About Cloudera: cloudera.com/more/about.html
Read our VISION blog: vision.cloudera.com/ and
Engineering blog: blog.cloudera.com/
Follow us on Twitter: twitter.com/cloudera
Visit us on Facebook: facebook.com/cloudera
See us on
YouTube: youtube.com/user/clouderahadoop/featured
Join the Cloudera Community: community.cloudera.com/
Read about our customers'
successes: cloudera.com/more/customers.html
For information on Cloudera Enterprise and SDX:
cloudera.com/products/sdx.html
Cloudera and associated marks and trademarks are
registered trademarks of Cloudera, Inc. All other company and
product names may be trademarks of their respective owners.
This press release contains forward-looking statements
including, among other things, statements regarding the expected
performance and benefits of Cloudera's offerings. The words
"believe," "may," "will," "plan," "expect," and similar expressions
are intended to identify forward-looking statements. These
forward-looking statements are subject to risks, uncertainties, and
assumptions. If the risks materialize or assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. Risks include, but are
not limited to, risks described in our filings with the Securities
and Exchange Commission (SEC), including our Form S-1 Registration
Statement, and our future reports that we may file with the SEC
from time to time, which could cause actual results to vary from
expectations. Cloudera assumes no obligation to, and does not
currently intend to, update any such forward-looking statements
after the date of this release.
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SOURCE Cloudera, Inc.