Teradata Testimony at U.S. House Hearing Supports Centralized Database Approach to Financial Oversight, TARP

Teradata joins select panel of experts to advise on role of technology in government

WASHINGTON, D.C. — Teradata Corporation (NYSE: TDC), the global leader in enterprise data warehousing, was invited to provide testimony Thursday, September 17, before the House Financial Services Committee’s Subcommittee on Oversight and Investigations, joining a panel of experts and stakeholders on the topic. The hearing, titled “Utilizing Technology to Improve TARP and Financial Services Oversight” was largely focused on driving accountability and transparency through database technology. Dow Jones & Company, the U.S. Chamber of Commerce, the SAS Institute, Inc, and the Center for Democracy and Technology were also among the witnesses.

Teradata testimony was delivered by Dilip Krishna, a specialist in risk and financial management for Teradata’s financial services and insurance organization. Testimonies and the hearing webcast are archived online at the House Committee on Financial Services web site.

“True transparency and true accountability require the integration of continuous data from multiple sources into a centralized, immediately accessible database,” said Tim Day, vice president for government affairs, Teradata. “This type of technology is what the best companies in every industry, including financial institutions, have been embracing for years. We know this well, because Teradata is the recognized leader in the global data warehouse market and companies everywhere are using Teradata systems for Active Enterprise Intelligence.”

Global momentum is rising for active enterprise intelligence™ (AEI). The term refers to an operational approach to data warehousing in which the database platform supports operational processes in real time as well as strategic decision making.

A number of companies using AEI will be leading sessions at the upcoming 24th annual Teradata PARTNERS User Group Conference & Expo, to be held from Sunday, October 18, through Thursday, October 22, 2009, at the Gaylord National Resort and Conference Center in Washington, DC. The conference is organized by the Teradata PARTNERS Steering Committee, comprised of Teradata customers, and is the world’s largest annual data warehousing and enterprise analytics educational conference and exposition.

Lawmakers, policymakers, and other interested parties can register – and preview the conference sessions on a day-by-day basis on the session web page.

An active enterprise intelligence business environment is built on the foundation of an enterprise data warehouse and delivers detailed visibility to a company’s operational front-line employees, partners, and customers in real time. AEI systems provide instant insight to customer profiles, supply chain disruptions, inventory status, fraud patterns, package and passenger routing, labor surges, or out-of-stock conditions – in fractions of a second. An Active Data Warehouse™ (ADW) is the term for platforms which operate at the AEI level of performance.

To review a Teradata white paper on Achieving Transparency in the Troubled Asset Relief Program, please click here.
About Teradata

Teradata Corporation (NYSE: TDC) is the world’s largest company solely focused on raising intelligence through data warehousing, data warehouse appliances, consulting services and enterprise analytics. Teradata is in more than 60 countries and on the Web at www.teradata.com.