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ADX deploys new BI and data warehouse solutions

Delivered by Gulf Business Machines, the newly adopted platforms will help support both ADX’s management and business users

(L-R): Miguel Khouri, general manager, GBM Abu Dhabi and Yemen; and Rashed Al Blooshi, chief executive, ADX.
(L-R): Miguel Khouri, general manager, GBM Abu Dhabi and Yemen; and Rashed Al Blooshi, chief executive, ADX.

The Abu Dhabi Securities Exchange (ADX) has unveiled the successful completion of an implementation project that saw the deployment of a business intelligence and data warehousing platform.

Delivered by IT solution provider Gulf Business Machines, the new platform is designed to support both ADX's senior management and business users.

With access to features such as the ability to generate business reports on an ad-hoc basis, as well as executive dashboards with detailed key performance figures, ADX employees are able to make critical decision faster and with improved accuracy.

Commenting on the project, ADX chief executive, Rashed Al Blooshi, said: "With the advent of the digital age, we are seeing data grow to be our greatest natural resource. In the face of increased demand for analytics, an ever-growing repository of stock market data, and the requirement for complex reporting, we made the decision to analyse our historical data as well as exploring hidden patterns and business insights which would help ADX achieve its strategic goals of increasing market cap and product range as well as attract and activate a wider range of investors."

"The new platform has given us the ability to better analyse and process massive data records and extract business reports and dashboards in a matter of a few seconds, allowing us to deliver better and more accurate results, which comes in alignment with ADX commitment to AD Plan of developing and optimizing information and communication technology enablers." added Al Blooshi.

Miguel Khouri, general manager, GBM Abu Dhabi and Yemen, commented: "Considering ADX one of the engines of progress in the UAE, we are honored to have worked closely with them on this project.  GBM has delivered an efficient, pragmatic, and cost-effective platform that will allow ADX senior management and business users to better leverage the wealth of their data assets."