Cash-hungry state agencies finding megamillions in revenue by drilling for money with Teradata
The Wall Street Journal just ran a story on how states are using specialized tools to drill for and find megamillions. But the storyâs not on oil and gas drilling. Itâs about state revenue and tax departments who are drilling deep into their infrastructure reservoirs for detailed data â across many rich subterranean sources. Theyâre becoming masters of tapping into veins of data that they can convert to cash â with Teradata databases and tools. States mentioned in the article are Oklahoma and Ohio, however several others have hit some big revenue geysers. Theyâre excited about it, and have some very happy finance and information executives.
Not all of the state testimonials made it into the final WSJ article. The State of Texas has been drilling with Teradata for years and has uncovered and collected more than $900 million in unreported and under-reported tax revenue. The State of Missouri began a few years ago and it has collected more than $90 million.
The State of Maryland just joined this group of innovative governments and is now implementing a Teradata enterprise data warehouse system…
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