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Splunk .conf19: Utilising Splunk in Financial Services

My experience

What I like about Splunk annual conference is that it’s not only a great opportunity to learn more about the technology I use on day-to-day basis and hear how others use it, and learn about new features but also an opportunity to visit new places. This year’s conference took place in Las Vegas, Nevada, which I visited for the first time!

This is a third Splunk conference I have attended with my colleagues in iDelta. Perhaps the first thing that caught my attention this year was the hoodie wall. I can proudly say that have 3 of the hoodies on this wall.

My .conf highlight: source=*Pavilion

This year I decided to spend more time at the Pavilion meeting other splunkers and spending time learning more about Splunk premium products such as Business Flow and Splunk Investigate.

I also found out that I am great at pinball. Almost beat the record! Not bad for the first time.

Overall, I found the Pavilion really great this year, combining perfect amount of fun and information, and leaving you inspired and energised.

My favorite session at .conf19

Having worked in Financial Services for the last 3 years, I was very interested in attending Duncan Ash’s and Haider Al-Seaidy’s session “40 Ways to Use Splunk in Financial Services” and to learn

Splunk customers around the world are using Splunk in creative ways to solve a range of challenges, from Trading Strategies to Market Abuse, and from Customer On-boarding to Customer Churn.

In particularly I found interesting:

Same Data, Multiple Times the Value

There are a lot of data sources available on the ATMs that would back use cases such as security, operations, fraud, customer experience and cash management. In this example universal forwarder (UF) was used to ingest the data. Some of the key benefits in using the UF is that it can run on both Windows and Linux, it can buffer the data, centralise de-centralised data for the purpose of analytics, as well as being able to throttle bandwidth used.

https://conf.splunk.com/files/2019/recordings/BA1321.mp4

During the talk several dashboards were shown to explore some of the use cases mentioned in the talk. For instance dashboard that allows us to analyse health of the ATMs by looking at the number of incidents recorded, which are then further broken down by ATM model number, geographic location, network allowing us to drill down and identify the exact ATM that may have issues.

Another example dashboard was around ATM usage, in this case we are not looking at an individual ATM but instead doing analytics to compare one ATM to another.

The example dashboards showcased how to obtain more value from Splunk by re-using the data from various sources to provide analytics that are relevant across the teams in an organisation.

Summary

The main reason I chose this talk is because it closely aligns with the type of work I do on day-to-day basis. I see a lot of value in learning how other Financial Services organisations, splunkers and Splunk partners tackle some of the very complex use cases in the Financial Services domain. I believe that this kind of conversation and knowledge exchange is a great way to improve my skills.

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