Data Democratization with Lakehouse: An Open Banking Application Case
Description
Banco Bradesco represents one of the largest companies in the financial sector in Latin America. They have more than 99 million customers, 79 years of history, and a legacy of data distributed in hundreds of on-premises systems. With the spread of data-driven approaches and the growth of cloud computing adoption, we needed to innovate and adapt to new trends and enable an analytical environment with democratized data. We will show how more than eight business departments have already engaged in using the Lakehouse exploratory environment, with more than 190 use cases mapped and a multi-bank financial manager. Unlike with on-premises, the cost of each process can be isolated and managed in near real-time, allowing quick responses to cost and budget deviations, while increasing the deployment speed of new features 36 times compared to on-premises. The data is now used and shared safely and easily between different areas and companies of the group. Also, the view of dashboards within Databricks allows panels to be efficiently "prototyped" with real data, allowing an easy interaction of the business area with its real needs and then creating a definitive view with all relevant points…
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