Cloudera is targeting financial services, telecom and health care sectors

With India moving towards a more digitalised economy, US-based analytics and cloud-platform provider Cloudera is targeting the financial services, telecom and health care sectors.

The company has telecom majors Bharti Airtel and Tata Communications and YES bank as clients. 

There is so much data available to governments and businesses world over, which would change the approach for solving any problem. Anupam Singh, general manager, Analytic DB, Cloudera told Business Standard that approach of governments and companies to solve a problem will fundamentally change. "With payments data, the governments will have the ability to predict tax revenue. It might help to check financial frauds etc. All of this will happen but you first have to collect the data," Singh said.

In India, there is a debate around government collection of data from citizens, with privacy advocates fearing creation of a surveillance state. Concerns have been raised around Aadhaar, the citizen identification project, and how its mandatory use would infringe on privacy. Cloudera says the principles of governance and authorisation should be followed to safeguard data.

Singh said authorisation was going to be critical because it means whether a person is authorised to access data or not. Then, there should also be auditing, which will give a trail on who has accessed the data. 

"Third, governance. Meaning, enough software to make it easy to govern that data and it should be masked for 99 per cent of people who access it in raw form," he added. 

Cloudera provides solutions related to governance of data and all the software provided by the company is open source. Airtel, which is using company's customer 360 platform, can provide customised plans to its customers. 

However, data is anonymous and only people with authorisation have access to it.