National Commodity & Derivatives Exchange (NCDEX) has selected NetApp for their data backup and storage needs. NCDEX is a nation-level, technology driven, independently run online commodity exchange.
NCDEX has undertaken several initiatives like development of next-generation trading platforms, trading software, technology infrastructure and other in-house applications. The subsequent data growth put pressure on our IT infrastructure.
Anand Iyer, chief information officer at NCDEX, said: “In NetApp, we found the right partner who provided a simplified, cost-effective and efficient data management, backup and recovery plan that ensured data restoration and up-to-date information.”
Digital transformation is the top most agenda for NCDEX to optimize operations, create innovative business opportunities and enable effective customer experience. NetApp will support NCDEX to do regular data backups, ensure fast availability of data within guaranteed hours in case of any disaster, automated back end storage.
NCDEX will use NetApp’s FAS3200 series, powered by NetApp’s data protection features – Snapshot, SnapMirror, SnapRestore, and FlexClone technologies.
Anil Valluri, president, NetApp India & SAARC, said: “NCDEX understood the need to become a data-centric organization to drive business value and to enable new customer touchpoints through technology.”
NetApp will support the ongoing digital transformation of NCDEX with real time data insight, access and control that gives customers the confidence to move into the future.