Elasticsearch is the Jack of All Trades at Goldman Sachs
August 25, 2015
The article titled Goldman Sachs Puts Elasticsearch to Work on Information Week discusses how programmers at Goldman Sachs are using Elasticsearch. Programmers there are working on applications to exploit both the data retrieval capabilities as well as the faculty it has for unstructured data. The article explains,
“Elasticsearch and its co-products — Logstash, Elastic’s server log data retrieval system, and Kibana, a dashboard reporting system — are written in Java and behave as core Java systems. This gives them an edge with enterprise developers who quickly recognize how to integrate them into applications. Logstash has plug-ins that draw data from the log files of 165 different information systems. It works natively with Elasticsearch and Kibana to feed them data for downstream analytics, said Elastic’s Jeff Yoshimura, global marketing leader.”
The article provides detailed examples of how Elastic is being used in legal, finance, and engineering departments within Goldman Sachs. For example, rather than hiring a “platoon of lawyers” to comb through Goldman’s legal contracts, a single software engineer was able to build a system that digitized everything and flagged contract documents that needed revision. With over 9,000 employees, Goldman currently has several thousand using Elasticsearch. The role of search has expanded, and it is important that companies recognize the many functions it can provide.
Chelsea Kerwin, August 25, 2015