The Next-Gen Data Warehouse

Reserve Bank of India (RBI) governor Shaktikanta Das launched the next-generation data warehouse 'Centralised Information Management System' on June 30. Das says it will bring in a major change in information management framework for handling the massive data flow and public dissemination etc. Piyush Shukla takes a look at the new set-up

- Piyush Shukla

What is the CIMS?

CIMS, as the name suggests, is the RBI's new-generation data warehouse and management platform. It uses the latest technology to manage big data and serves as a platform for power users to carry out data mining, text mining, visual analytics and advanced statistical analysis connecting data from multiple domains such as financial, external, fiscal, corporate and real sectors as well as prices indicator.

In the short to medium term, the CIMS would lead to a shift in the Reserve Bank's economic analysis as well as supervision, monitoring and enforcement across multiple domains, Governor Das said. Banks will be the first regulated entities that will start reporting data on the CIMS while urban cooperative banks (UCBS) and nonbanking financial companies (NBFCs) will be onboarded gradually.

What did the RBI use earlier?