Feb 29, 2024 | SAN DIEGO

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

Teradata (NYSE: TDC) — Prospects of Teradata’s ClearScape Analytics skilled elevated profitability by a notable enchancment in knowledge scientist productiveness, sooner time-to-market, scaling of synthetic intelligence/machine studying (AI/ML) mannequin deployment, and extra. These had been among the many conclusions introduced immediately in a Forrester Consulting Complete Financial ImpactTM (TEI) research commissioned by Teradata.

The research, entitled “The Complete Financial Impression™ of Teradata ClearScape Analytics™” explored findings gleaned by 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 undertaking a three-year monetary evaluation displaying the 36-month, risk-adjusted current worth (PV) advantages together with the next:

• Enhancements in knowledge science operations instantly attributed to ClearScape Analytics

  • 50% enchancment in cumulative time financial savings for knowledge science lifecycle
  • 3x extra fashions managed by knowledge 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 electronic mail open charges from 2% to 46%

Earlier than utilizing ClearScape Analytics, the healthcare group interviewed for the TEI research mentioned it confronted difficulties in scaling its AI/ML fashions, and skilled issues round managing mannequin drift, updating its characteristic 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 could have favored as their knowledge science group 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 group’s work time. The corporate has now elevated its knowledge science group by 50%, tripled the variety of fashions it was in a position to develop and deploy, and has freed up time to discover further AI/ML use circumstances.

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

“The essential short- and long-term advantages cited on this research, as famous by our healthcare buyer, may be skilled by firms throughout a broad spectrum of industries the place there’s a want for sturdy, open and related AI/ML capabilities,” mentioned 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 research additionally recognized further advantages from ClearScape Analytics:

• “The SVP of enterprise knowledge and analytics instructed Forrester that adopting ClearScape Analytics was cheaper, simpler to justify to inner safety and IT stakeholders, and sooner to implement than options.”
• “ClearScape Analytics allowed the interviewee’s group to scale back handbook duties, enhance productiveness, and efficiently scale fashions into manufacturing …”
• “ClearScape Analytics enabled the SVP of enterprise knowledge and analytics … to deploy extra fashions into manufacturing extra steadily and with fewer sources.”
• “Fashions constructed with ClearScape Analytics improved affected person inhabitants well being and outcomes by personalised messaging, proactive and related follow-ups, a greater understanding of inhabitants well being, and extra.”
• ClearScape Analytics’ highly effective AI engine empowered the client 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 boost expertise decision-making processes and assists distributors in speaking the worth proposition of their services to purchasers. 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 duplicate of the TEI research, click on right here.