Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

 

Challenge: To replace their existing stack of big data solutions that could not perform at scale

Result: Bank of America benefited from the following Vertica capabilities:

  • Massive scalability on industry-standard hardware
  • Standard SQL interface
  • Simultaneous loading and querying
  • Concurrency for hundreds or thousands of users
  • In-database machine learning capabilities
  • Ease of interaction with existing BI tools and ETL tools
  • High availability without hardware redundancy
  • Optimizer and Execution Engine

Tangible benefits included:

  • Improved query performance by 10 – 50x with Vertica
  • Achieved 51 – 100% return on investment (ROI) as a result of implementing Vertica

Read the Case Study

By using Vertica, we were able to reduce the data loading time in Tableau from more than an hour, to a few minutes.

  • - Hatem El-Wardany, Database Developer, Bank of America