By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data science anayst
    Growing Demand for Data Science & Data Analyst Roles
    6 Min Read
    predictive analytics in dropshipping
    Predictive Analytics Helps New Dropshipping Businesses Thrive
    12 Min Read
    data-driven approach in healthcare
    The Importance of Data-Driven Approaches to Improving Healthcare in Rural Areas
    6 Min Read
    analytics for tax compliance
    Analytics Changes the Calculus of Business Tax Compliance
    8 Min Read
    big data analytics in gaming
    The Role of Big Data Analytics in Gaming
    10 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Using Analytics in Tough Times: Quiet action starts the fight against “doom and gloom”
Share
Notification Show More
Latest News
SMEs Use AI-Driven Financial Software for Greater Efficiency
Artificial Intelligence
data security in big data age
6 Reasons to Boost Data Security Plan in the Age of Big Data
Big Data
data science anayst
Growing Demand for Data Science & Data Analyst Roles
Data Science
ai software development
Key Strategies to Develop AI Software Cost-Effectively
Artificial Intelligence
ai in omnichannel marketing
AI is Driving Huge Changes in Omnichannel Marketing
Artificial Intelligence
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Warehousing > Using Analytics in Tough Times: Quiet action starts the fight against “doom and gloom”
Business IntelligenceData Warehousing

Using Analytics in Tough Times: Quiet action starts the fight against “doom and gloom”

DarrylMcDonald
Last updated: 2008/11/04 at 4:53 PM
DarrylMcDonald
3 Min Read
SHARE

Now, I can’t make any promises and wouldn’t dream of offering any forecasts. But behind all those gloom-and-doom headlines and talk show rants, there’s another set of forces at work. It’s pretty quiet right now, but it’s there, and it’s growing.

A recent Wall Street Journal headline shrieked about risk models failing “to pass real-world tests.” The article says that the models didn’t factor in some criti…


Now, I can’t make any promises and wouldn’t dream of offering any forecasts. But behind all those gloom-and-doom headlines and talk show rants, there’s another set of forces at work. It’s pretty quiet right now, but it’s there, and it’s growing.

A recent Wall Street Journal headline shrieked about risk models failing “to pass real-world tests.” The article says that the models didn’t factor in some critical, detailed information and so, failed to help in today’s reality.

More Read

SMEs Use AI-Driven Financial Software for Greater Efficiency

Key Strategies to Develop AI Software Cost-Effectively
AI is Driving Huge Changes in Omnichannel Marketing
Maximize Tax Deductions as a Business Owner with AI
Marketers Use AI to Take Advantage of 3D Rendering

Yet, a Teradata customer — a major bank — has quietly improved its risk management. The bank used to have data scattered across multiple silos and could only report its risk position with 75% accuracy. Since integrating its data and implementing a Teradata Enterprise Risk Management solution, its decision makers have a comprehensive view of risk exposure across all product lines and business units. This bank’s managers now take action on risk factors knowing that their data is accurate.

On another front, the noise level is getting louder and louder as retailers gear up for what most seem to think will be a weak holiday shopping season.

Again, fairly quietly and effectively, some of our customers are using analytics running on Teradata to tightly manage their supply and demand chains, to prevent fraud and to make highly tailored offers to their customers … all in order to keep ahead of their competitors.

In the B2B space, some pundits would have us believe that full-blown doom has hit and will be with us for months or, worse yet, years to come. Yet, another customer has been able to measure real revenue growth and customer retention lift from its use of a Teradata customer management solution that has paid for its investment more than 20x.

Sure, these are tough economic times and will probably get tougher. But if I look at the world through Teradata-orange-colored glasses, I see opportunity, not just crisis.

Darryl McDonald
CMO, Teradata

Link to original post

DarrylMcDonald November 4, 2008
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

SMEs Use AI-Driven Financial Software for Greater Efficiency
Artificial Intelligence
data security in big data age
6 Reasons to Boost Data Security Plan in the Age of Big Data
Big Data
data science anayst
Growing Demand for Data Science & Data Analyst Roles
Data Science
ai software development
Key Strategies to Develop AI Software Cost-Effectively
Artificial Intelligence

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

Artificial Intelligence

SMEs Use AI-Driven Financial Software for Greater Efficiency

10 Min Read
ai software development
Artificial Intelligence

Key Strategies to Develop AI Software Cost-Effectively

10 Min Read
ai in omnichannel marketing
Artificial Intelligence

AI is Driving Huge Changes in Omnichannel Marketing

12 Min Read
ai for small business tax planning
Artificial Intelligence

Maximize Tax Deductions as a Business Owner with AI

9 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?