smartdata SmartData 2017 (21.10.2017 — 21.10.2017)

Back to the future of a modern banking system

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This talk will cover Audit-Driven Development and its origin, how to organize a bitemporal database of facts, why a built-in time machine must be in every modern distributed system. Also, we’ll share a "universal formula of fact" and what the tasks of so called "analytics" most frequently appear to be.

Modern banking Big Data systems do not only process and store hundreds of millions of transactions per day and interact with the world trading platforms at a cosmic speed, but also involve a strict control by auditors and regulators who always demand reporting. We’ll dwell on Audit-Driven Development, its origin, give a clue on how to organize a bitemporal database of facts not to fail in front of supervisory authorities and prove that there must be a built-in time machine in every modern distributed system. We’ll also share a "universal formula of fact" and discover what the tasks of so called "analytics" most frequently appear to be.