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Hadoop for Finance Essentials by Rajiv Tiwari

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Chapter 3. Hadoop in the Cloud

Hadoop in the cloud can be implemented with very low initial investment and is well suited for proof of concepts and data systems with variable IT resource requirements. In this chapter, I will discuss the story of Hadoop in the cloud and how Hadoop can be implemented in the cloud for banks.

I will cover the full data life cycle of a risk simulation project using Hadoop in the cloud.

  • Data collection—ingesting the data into the cloud
  • Data transformation—iterating simulations with the given algorithms
  • Data analysis—analyzing the output results

I recommend you refer to your Hadoop cloud provider documentation if you need to dive deeper.

The big data cloud story

In the last few years, cloud computing has grown significantly ...

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