中信证券（余子安）：中信证券基于SelectDB的实时数仓平台构建

Investment Rating - The report does not explicitly state an investment rating for the industry or company Core Insights - The report highlights the transition from traditional real-time data warehouses to a more efficient solution based on SelectDB, addressing the limitations of existing architectures [21][56] - SelectDB offers significant improvements in query performance, operational costs, and real-time data analysis capabilities, enabling businesses to respond swiftly to market changes [57] Summary by Sections 1. Old Real-Time Data Warehouse Based on CDP - The existing architecture has limitations in data writing capacity, scalability, and data management, which hinder its ability to meet growing business demands [15][17] - The operational complexity and high costs associated with maintaining the CDP cluster are significant challenges [20] 2. Challenges Faced - The value of data diminishes over time, necessitating efficient data cleaning, transformation, and analysis to provide timely insights for decision-making [10][11] - There is a need for both high-efficiency offline processing and real-time data processing capabilities [11] 3. Solution Based on SelectDB - SelectDB simplifies the architecture with a core structure consisting of FrontEnd (FE) and BackEnd (BE), allowing for linear scalability and efficient maintenance [20] - It supports various data models and is highly compatible with MySQL syntax, facilitating seamless integration with BI tools [26] 4. Future Outlook - The report emphasizes the internationalization capabilities and the potential for future diverse demands, supported by a strong development team and open-source ecosystem [60][61]