European Central Bank partners with T-Systems for analytics platform

News

The European Central Bank (ECB) in Frankfurt has chosen Deutsche Telekom’s subsidiary T-Systems to deliver a new enterprise analytics platform.

As part of a technology integration and data strategy, the ECB is moving to a new analytics platform for its statistical function called SPACE (Statistical Production and Compilation Environment). The platform will be based on the existing DISC (Data Intelligence Service Center) platform.

Through a five-year contract, T-Systems, along with technology partner Cloudera and implementation partner Ultra Tendency, will build the new analytics platform. Cloudera provides the underlying data platform for DISC and SPACE. T-Systems and its partners will migrate the data and business logic from the current environment, operate and maintain the platform and offer training and support services to the ECB.

Sensitive data

The Telekom Data Intelligence Hub, architected and implemented by Ultra Tendency, will support trusted, encrypted and direct data across national borders.
Together with the national banks of the 19 European Union (EU) Member States whose currency is the euro, the ECB conducts the monetary policy of the EU and maintains price stability in the euro area.

Data is a strategic asset for the ECB in that it collects and manages large amounts of heterogeneous data and statistics to perform its supervisory tasks.

“We provide the ECB with a secure platform for the intelligent development of data-based services. Together we are building a data-driven ecosystem for the exchange of even highly sensitive governmental data”, said Adel Al-Saleh, CEO T-Systems.