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Data warehousing anniversary marked
Twenty-five years ago the first game of Trivial Pursuit was played, the Walkman made its debut, designer jeans were all the rage and Teradata, a division of NCR Corporation transformed the way business decisions are made.
In 1979, Teradata became the first in the world to urge business and government organizations to collect their data in one place and reuse it for better, faster decision-making.
"In the late 1970s, people still couldn't see clearly how business was done. Our insight was that, with the right approach to information, people could make decisions on a daily basis or even a moment-by-moment basis rather than 'by guess and by gosh,'" said Phil Neches, Teradata co-founder and first chief scientist at a ceremony marking the 25th anniversary of Teradata October 11 at the sidelines of Teradata Partners User Group Conference, the world's largest data housing conference.
Teradata's founders had the foresight to design a revolutionary relational database management system for parallel processing with multiple microprocessors, specifically for decision support.
Teradata can help its clients scale simultaneously across their multiple dimensions to keep up with business demands: more users, more data, more complexity, mixed workloads, high availability and high performance.
"As enterprise analytics moves to the top of companies' priority lists Teradata continues to invest in research and development to stay on the leading edge of helping business and government solve complex problems," said Alan Chow, senior vice president, Teradata research and development on Monday.
"Today's release of Teradata Warehouse 8.0 reinforces our commitment to leadership by being the first to deliver active data warehousing to enable operational decision-making and strategic decision support - all from a single view of the business within the enterprise."
What does the future hold for enterprise analytics? "I think the ability to acquire data in real-time and do event-based decision-making will become mainstream. The storing of unstructured data in relational database management system products will grow dramatically, given the low cost of disk space," said Teradata chief technology officer, Stephen Brobst.
According to Teradata's third annual decision-making survey, demand for information is seemingly insatiable. Comparing year over year, 98 per cent of executives surveyed report that data is increasing, 75 per cent say the number of daily decisions is increasing and over half say decisions are more complex. The School of Information Management and Science at the University of California at Berkeley estimates the world is producing approximately 5 exabytes of information per year. An exabyte is a billion gigabytes, or 1,000,000,000,000,000,000 bytes. An exabyte is equivalent to all words ever spoken by human beings.
Teradata, a division of NCR Corporation (NYSE: NCR), is the global technology leader in enterprise data warehousing, analytic applications and data warehousing services.
NCR is a leading global technology company helping businesses build stronger relationships with their customers and is also the world's largest ATM (Automated Teller Machine) manufacturer. |
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