Cloud Stocks: Teradata Trying To Reinvent Itself On The Cloud

Photo Credit: Colossus Cloud from Pixabay

According to a Market Research Future report, the global big data analytics market is estimated to grow at 29% CAGR to $132.9 billion by 2026. Teradata (Nasdaq: TDC) is an old player in the market that is trying to reinvent itself on the cloud. The company recently announced its fourth-quarter results that show declining revenues. The company may need to acquire relevant cloud players to turn around.

Teradata’s Offerings

California-based Teradata was founded in 1979 by Carroll Reed, David Hartke, Jack Shemer, Jerold Modes, Philip Neches, Walter Muir, and William Worth. The idea behind Teradata came out of research being conducted at California Institute of Technology (Caltech) for Citibank’s advanced technology group. Caltech worked with Citibank to design a database management system for parallel processing with multiple microprocessors, targeted at addressing decision support needs.

Within a few years, Teradata had released DBC/1012, its specialized database computer. In 1991, it was acquired by NCR for an estimated $250 million. As part of NCR’s group, Teradata continued to make several organic and inorganic growth moves. In 2007, NCR announced that Teradata would become an independent public company.

Today, Teradata delivers real-time, intelligent answers by leveraging relevant data, regardless of scale or volume of query. Known as Pervasive Data Intelligence, its solutions can analyze data on-premises, in the cloud, and anywhere in between. Its key products include Vantage – a cloud data analytics platform that unifies data lakes, data warehouses, analytics, and new data sources and types to deliver unlimited intelligence to businesses; Vantage Analyst – an easy-to-use tool for self-service data loading, discovery, machine learning, and advanced analytics; and Vantage CX – a customer experience solution that gives marketers and customer experience professionals the autonomy, visibility, and insights needed to stay aligned to changing customer demand.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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