Company
Date Published
Author
Mat Keep
Word count
790
Language
English
Hacker News points
1

Summary

HSBC, a leading banking and financial services organization, is undergoing a digital transformation to become "simpler, better, and faster" through the adoption of DevOps culture and microservices design approach. The company is leveraging technologies like MongoDB to simplify, migrate, and manage complex data change, with a focus on data assets that are expected to grow from 56PB in 2014 to 93PB by the end of this year. By migrating away from relational databases, HSBC's trading teams are using MongoDB to build an Operational Data Store for trades, enabling rapid access to consistent and reliable data from a single source of truth. This initiative is driving organizational change, with faster response times and more entrepreneurial approaches, as HSBC aims to adopt new technology and development processes that will become the intuitive habits of tomorrow.