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SEBI to upgrade IT resources, build new data centre to host private cloud

The Securities and Exchange Board of India (SEBI) is upgrading its Information Technology (IT) resources with a particular focus on data analytics to improve its supervision of the securities market, it said in its annual report for 2019-20. Over the course of the coming year, the markets regulator will build a new data centre, which will host a dedicated private cloud infrastructure as well. "SEBI has started work on a data lake project which would have the capability to store and retrieve quickly, a large amount of structured, semi structured and unstructured data. This data lake project will support advanced analytical tools, such as artificial intelligence and machine learning (AI/ML), deep learning, big data analytics, pattern recognition, processing of structured and unstructured data, text mining and natural language processing thereby significantly augmenting surveillance capabilities," said Ajay Tyagi, chairman, SEBI. As part of its supervisory functions, SEBI has developed an in–house automated system to detect misuse of client securities by brokers, and is in the process of implementing a project to automatically inspect and surveil mutual fund activity, Tyagi said. "Further, in order to detect possible market manipulation and strengthen market supervision through technology solutions, SEBI has initiated a Data Analytics and Data Models Project," he added. Cloud Strategy and Data Centre SEBI has adopted private cloud strategy for a large part of its infrastructure. "The proposed private cloud solution will be the enabling technology which will be scalable, inter-operable, and elastic and support big data analytics. Going forward, the private…

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