NCDEX partners with NetApp to fulfill data backup, storage needs

The National Commodity and Derivatives Exchange Limited (NCDEX) on Wednesday announced their partnership with NetApp to fulfill their data backup and storage needs. NCDEX is a nation-level, technology driven, independently run online commodity exchange.

"In order to enhance customer experience, NCDEX has undertaken several initiatives like development of next-generation trading platforms, trading software, technology infrastructure and other in-house applications. The subsequent data growth put pressure on our IT infrastructure. In NetApp, we found the right partner who provided a simplified, cost-effective and efficient data management, backup and recovery plan that ensured data restoration and up-to-date information," said Anand Iyer, Chief Information Officer at NCDEX.

In a world run by technology, digital transformation is the top most agenda for NCDEX. To successfully transform, they needed to manage their data seamlessly - in order to optimise operations, create innovative business opportunities and enable effective customer experience. This meant regular data backups, fast availability of data within guaranteed hours in case of any disaster and scalable, automated back end storage.

The same is the agenda for NCDEX's partnership with NetApp, through the use of NetApp's FAS3200 series, powered by its data protection features - Snapshot, SnapMirror, SnapRestore, and FlexClone technologies.

The NetApp Data Fabric offered a holistic approach that is secure, efficient, and future-proof and provides freedom of choice. As NCDEX becomes more data-centric, NetApp will support their ongoing digital transformation with real time data insight, access and control that gives customers the confidence to move into the future.