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Drive ROI with Trusted AI

Feb 29, 2024 | SAN DIEGO

New examine reveals how Teradata’s AI innovation and cloud analytics capabilities assist drive earnings, productiveness enhancements, and buyer engagement

Teradata (NYSE: TDC) — Clients of Teradata’s ClearScape Analytics skilled elevated profitability via a notable enchancment in information scientist productiveness, quicker time-to-market, scaling of synthetic intelligence/machine studying (AI/ML) mannequin deployment, and extra. These had been among the many conclusions introduced at the moment in a Forrester Consulting Whole Financial ImpactTM (TEI) examine commissioned by Teradata.

The examine, entitled “The Whole Financial Influence™ of Teradata ClearScape Analytics™” explored findings gleaned via Forrester Consulting interviews with a North American healthcare group with $5 billion in annual income and over 25,000 workers, and a ClearScape Analytics buyer. Forrester then used the data to extrapolate and venture a three-year monetary evaluation exhibiting the 36-month, risk-adjusted current worth (PV) advantages together with the next:

  • Enhancements in information science operations instantly attributed to ClearScape Analytics

    • 50% enchancment in cumulative time financial savings for information science lifecycle
    • 3x extra fashions managed by information scientists
    • It took lower than 6 months to attain payback for the healthcare group’s ClearScape Analytics funding with a ROI of 244% over three years

  • Enhancements in AI/ML initiatives enabled by ClearScape Analytics

    • $125 million revenue from fashions enabled by ClearScape Analytics
    • Enhance in e-mail open charges from 2% to 46%

Earlier than utilizing ClearScape Analytics, the healthcare group interviewed for the TEI examine stated it confronted difficulties in scaling its AI/ML fashions, and skilled issues round managing mannequin drift, updating its function banks and extra. Due to these points, the group struggled to determine which AI/ML work would ship actual enterprise worth. Furthermore, the group couldn’t run as many fashions as it might have favored as their information science workforce was at capability and struggled to seek out methods to create new enterprise worth with AI/ML. Deploying ClearScape Analytics helped the corporate to mitigate these obstacles, present higher customer support, and halving the workforce’s work time. The corporate has now elevated its information science workforce by 50%, tripled the variety of fashions it was capable of develop and deploy, and has freed up time to discover further AI/ML use circumstances.

The Forrester examine famous, “Investing in an answer like Teradata ClearScape Analytics is essential for enterprises because it allows them to responsibly construct and keep machine studying (ML) fashions for his or her customized AI/ML options.”

“The essential short- and long-term advantages cited on this examine, as famous by our healthcare buyer, could be skilled by firms throughout a broad spectrum of industries the place there’s a want for strong, open and related AI/ML capabilities,” stated Jacqueline Woods, Teradata’s Chief Advertising Officer. “ClearScape Analytics illuminates this transformative potential, not solely delivering these capabilities at scale but additionally empowering organizations with unparalleled autonomy and seamless entry to ship close to real-time insights and optimize enterprise outcomes.”

The examine additionally recognized further advantages from ClearScape Analytics:

  • “The SVP of enterprise information and analytics informed Forrester that adopting ClearScape Analytics was cheaper, simpler to justify to inside safety and IT stakeholders, and quicker to implement than options.”
  • “ClearScape Analytics allowed the interviewee’s group to cut back guide duties, enhance productiveness, and efficiently scale fashions into manufacturing …”
  • “ClearScape Analytics enabled the SVP of enterprise information and analytics … to deploy extra fashions into manufacturing extra ceaselessly and with fewer assets.”
  • “Fashions constructed with ClearScape Analytics improved affected person inhabitants well being and outcomes via customized messaging, proactive and related follow-ups, a greater understanding of inhabitants well being, and extra.”
  • ClearScape Analytics’ highly effective AI engine empowered the shopper to rapidly scale end-to-end AI/ML pipelines with accountability, safety and belief — all whereas controlling prices.

Forrester’s TEI methodology is designed to reinforce expertise decision-making processes and assists distributors in speaking the worth proposition of their services and products to shoppers. The TEI methodology helps firms reveal, justify, and understand the tangible worth of IT initiatives to each senior administration and different key enterprise stakeholders.

For extra details about Teradata or to acquire a replica of the TEI examine, click on right here.

At Teradata, we imagine that individuals thrive when empowered with trusted data. We provide essentially the most full cloud analytics and information platform, together with for AI. By delivering harmonized information and trusted AI/ML, we allow extra assured decision-making, unlock quicker innovation, and drive the impactful enterprise outcomes organizations want most. See how at

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