Teradata acknowledged as a Quick Observe FinTech, strikes up 7 locations in rating
Teradata (NYSE: TDC) right now introduced that it has ranked #30 on the 2022 IDC FinTech Rankings, shifting up seven locations from the earlier yr’s rating. This annual vendor rating represents the main {hardware}, software program, and know-how service suppliers to the monetary providers {industry}. Distributors are ranked primarily based on 2021 calendar yr revenues attributed to monetary providers and FinTech industries. That is the threerd consecutive yr Teradata has been named on the checklist, underscoring the corporate’s ongoing dedication to assist monetary establishments efficiently execute their digital transformation initiatives by leveraging the complete energy of information analytics.
IDC Monetary Insights publishes a complete report in regards to the yr’s findings that’s accessible to view or obtain from http://www.idc-fi.com.
“In right now’s macroeconomic local weather, a brand new strategy to information and analytics is important as companies throughout the monetary sector take care of world regulation and compliance measures, rising safety considerations, and a shift from delivering generalized merchandise to tailor-made providers” stated Jacqueline Woods, Chief Advertising and marketing Officer at Teradata. “The way forward for monetary providers is constructed on data-driven capabilities that allow one-to-one monetary experiences; the IDC FinTech Rankings acknowledge Teradata’s crucial function in serving to the {industry} obtain this future by means of fast digital transformation, powered by analytic insights.”
The Fortune 500-style rating categorizes and evaluates the highest world suppliers of economic know-how primarily based on 2021 calendar yr revenues and the proportion of these revenues solely attributed to monetary establishments, together with banks, capital markets corporations, and insurers or on to fintech resolution suppliers for {hardware}, software program, and/or providers. These suppliers provide the technological spine of the monetary providers {industry}, an {industry} by which IDC forecasts worldwide spending on IT throughout the globe to be $590 billion (USD) by 2025.
With 15 of the highest 20 world banks as prospects, Teradata’s robust and rising presence within the monetary providers sector shall be bolstered by the current launches of Teradata VantageCloud Lake, its first product primarily based on all-new, next-generation cloud-native structure, and ClearScape Analytics, the corporate’s considerably expanded, industry-leading in-database analytics.
With the introduction of Teradata VantageCloud Lake, monetary providers organizations can have higher means to innovate by rapidly spinning up advert hoc, exploratory, and departmental analytic workloads, enabling them to be nimbler and extra experimental with out giving up the governance and price controls for which they depend upon Teradata. And with ClearScape Analytics, monetary providers prospects can quickly activate huge quantities of information to unravel advanced enterprise challenges and create an surroundings designed for rising AI/ML functions. These data-driven functions shall be ever extra crucial for forecasting, auditing, anomaly detection, and experimentation.
To study extra go to: https://www.teradata.com/VantageCloud
Teradata is the linked multi-cloud information platform for enterprise analytics firm. Our enterprise analytics clear up enterprise challenges from begin to scale. Solely Teradata provides you the flexibleness to deal with the large and combined information workloads of the longer term, right now. Be taught extra at Teradata.com.
