Teradata Warehouse Miner 5.1 Enables Businesses to Predict the Future
Open analytic environment expands data-mining technology options while leveraging the Teradata database for in-database mining.
DAYTON, Ohio — Teradata, a division of NCR Corporation (NYSE: NCR), announced the availability of Teradata® Warehouse Miner 5.1, which enables data-mining technology from multiple vendors to be embedded and run within the Teradata Enterprise Data Warehouse.
* Teradata’s powerful technology pushes beyond describing what happened last quarter, last week, yesterday and even intraday to better predict what is going to happen in the future. The technology uncovers relationships and patterns within the data that can be used to predict behavior and events. As a result, businesses can better understand customer behavior, identify unexpected opportunities, and anticipate opportunities and problems before they happen.
* Due to increasing customer adoption of in-database processing, Teradata has made 150 customer-requested enhancements to Teradata Warehouse Miner. One of the key improvements is the embedding of partner analytic applications that run within the database. The partners’ applications are preconfigured and easily integrated into a customer’s open enterprise warehouse environment. Neural network algorithms provided by StatSoft are just one example. Neural networks are a sophisticated statistical tool that is capable of identifying and evaluating the inter-relationship of a large number of variables at one time. They are capable of self-learning behavior.
* Neural network algorithms have many invaluable business and practical uses. They can be used to determine credit worthiness of an individual, detect and evaluate medical phenomena to support a treatment plan, and prevent fraud by recognizing a signature, including the velocity of a pen stroke of an individual consumer.
* In 1999, Teradata was the first database vendor to integrate the data-mining process into the database engine, thereby leveraging the inherent parallelism and processing power of Teradata. Teradata Warehouse Miner 5.1, as with previous versions, integrates data mining within a centralized data warehouse, streamlining the data-mining process and making it possible to mine massive volumes of data with improved accuracy and speed.
“Teradata’s open analytic approach provides our customers with access to the best and most powerful technology from global data-mining partners and leverages the power and performance of Teradata to optimize the data-mining process. The combination of the Teradata Enterprise Warehouse and partners’ data-mining technologies provide our customers with superior predictive intelligence,” said Randy Lea, vice president, Teradata products and services. “It’s no longer a competitive advantage to just understand the past by looking in the rearview mirror; competitive differentiation is being driven by predicting what is going to happen just ahead or even around the corner.”
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