National Stock Exchange (NSE) uses Qlik to identify actionable alerts and take informed decisions
India’s National Stock Exchange (NSE) plays a critical role in the Indian financial market’s ecosystem. Apart from being a trading platform, NSE as an exchange has been entrusted with the key responsibility of regulating trading members and listed companies. NSE expends considerable resources and time and deploys technology in a significant way to manage its regulatory function.
NSE uses Qlik Sense to integrate data inputs from numerous databases. The Qlik Associative Engine allows for associations to be made from multiple datasets, enabling NSE to generate insights from all their data collectively and run comprehensive reporting for regulatory purposes. These associative insights built into its dashboards help the team identify actionable alerts and take informed decisions.
With Qlik, NSE has significantly reduced the time needed to integrate and load data for some of the activities performed. This reduces much manual work as tasks which took three to six hours only take 20 to 35 mins now. Qlik has helped NSE with 75% time savings and has aided the regulatory teams of NSE in driving better efficiencies by facilitating data analysis and improved decision-making capabilities.