Nasdaq, Inc. has a history of staying on top of its data. As it should, considering the volume of data the stock exchange sees on a daily basis. After moving to Amazon Web Services, Inc. and Redshift, the company cut costs and improved efficiency.

“AWS makes it easier to manage provisions, scale-up, scale-down and really use what we need,” said NASDAQ Senior Manager Michael Weiss, who sat down with Dave Vellante and George Gilbert, cohosts of theCUBE, from the SiliconANGLE Media team, during PentahoWorld 2015. “We also cut costs significantly by using Redshift. We’re plan to make further cost reductions by moving to our new NASDAQ data platform.”

The new platform will be built on top of Amazon S3, which will be built on top of Amazon EMR and SQL engine Presto to maintain longer data history. “We have a lot of SQL servers that have data from 2000, 2001, and we haven’t empowered the analysts to easily take that data, look at it and see historical trends,” said Weiss. “That’s what we’re focusing on now.”

Gilbert asked Weiss if platforms such as AWS would eventually compete with a Hadoop ecosystem approach. Weiss sees them as complementary. “Public cloud offerings are way more viable than private cloud from a cost perspective,” he said. “I think they can complement each other in the long run.”

Watch the full interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of PentahoWorld 2015. And join in on the conversation by CrowdChatting with theCUBE hosts.

Photo by SiliconANGLE