BBVA API Market
The Apache Hadoop system is designed to handle hundreds of computers from individual servers, each offering local computing and storage. This system is based on Java and allows calculation tasks to be fragmented into different processes and distributed in the nodes of an interrelated group of computers so they can work in parallel. In fact, thousands of computers can be used, which makes better financial sense as they only require several standard servers instead of a latest generation machine.
Rather than depending on the hardware to ensure high availability, Apache Hadoop is designed to detect and manage faults in the application layer.
Hadoop is a very extensive software package, which is why it is sometimes known as the Hadoop ecosystem. Along with the central components (Core Hadoop), this package includes a wide variety of extensions (Pig, Chukwa, Oozie and ZooKeeper) that add a large number of extra functions to the framework and serve to handle large volumes of data groups.
The basis of the Hadoop ecosystem is the Core Hadoop. However, the project includes the following modules:
The first version comprises the basic module Hadoop Common, the Hadoop Distributed File System (HDFS) and a MapReduce engine. Starting with version 2.3, this last element was replaced by the YARN interconnected computer group management technology, also called MapReduce 2.0.
Open banking is driving the development of new apps that are integrated into company platforms, all in an effort to offer banking services to customers. Thanks to APIs, any banking operation, such as opening an account, can be done without the need to exit an application.
Open banking has changed the financial paradigm as we have known it so far. The widespread use of new digital platforms, connected devices and technology consumers has led to a boom in business opportunities for every company, many of which are already leveraging their benefits as much as possible.
The digital transformation has not been fully implemented in the automotive sector yet, at least not as quickly as in other distribution sectors. APIs can be this sector's best ally by speeding up its digitization, especially in those areas involving the purchasing process.