What is our primary use case?
My main use case for Teradata involves data analytics, data mapping, and data process improvement.
I use Teradata for our in-in processes such as revenue reporting. We have utilized it for procurement to pay and analyzed all the data points from procure to settlements to payments, ensuring that the right data has been sent, checking the data status, and guaranteeing the cleanliness and quality of the data.
We are using Teradata for generative AI related to data mapping, data content, and data distribution.
What is most valuable?
The best features that Teradata offers include the security around the data, which has been a key issue for us. Teradata locks down the data, providing us with a quality of data we can trust when sending it to external portals and third-party tools such as Salesforce.
Teradata's security helps our organization meet compliance requirements such as GDPR and IFRS, and it is particularly essential for revenue contracting or revenue recognition. Additionally, we rely on it due to our HIPAA requirements.
The analytics features and the dashboards in Teradata have been extremely helpful for us.
Teradata has positively impacted our organization by allowing our team to reduce from 27 people down to eight, consolidating our headcount. It has resulted in better performance improvement within our team as we now cover nine business units instead of 18, thanks to the data performance, which has increased data visibility and helped the enterprise achieve a higher rate of internal return on financials.
We have observed a lesser level of churn with our customers; we have been able to maintain more customer relationships because we have access to more data and analytics, allowing us to predict customer needs anywhere from three to nine months ahead of time.
What needs improvement?
The limitation we encountered was related to speed, prompting us to increase our AWS cloud thresholds and benchmarks on the servers, adding more throughput. We have been testing that, but speed remains one of our key issues.
The integration has been awesome because of the platforms and their usage, and usability is great. The most challenging aspect is finding Teradata resources, so we are focusing on internal training and looking for more Teradata experts. If Teradata could provide a list of certified experts, that would be fantastic.
I rated Teradata a nine because the main area for improvement is the bandwidth of resources that could assist us in applying to our projects, specifically more certified and expert resources. The market share of Teradata professionals is limited, creating an issue for us.
For how long have I used the solution?
I have been using Teradata for 12 years.
What do I think about the stability of the solution?
What do I think about the scalability of the solution?
Teradata's scalability is great; it's been awesome.
How are customer service and support?
The customer support for Teradata has been great.
I would rate the customer support a nine on a scale of 1 to 10.
How would you rate customer service and support?
Which solution did I use previously and why did I switch?
I previously used Oracle Data Store, but we switched due to problems with integration, speed to market, talent, and security issues.
What was our ROI?
We have realized a return on investment, with a reduction of staff from 27 to eight, and our current return on investment is approximately 14%. Our target is a 30% internal rate of return. Overall, our performance improvement and KPIs have increased by about 22%, but we are aiming for another 17% to capture in synergy dollars.
What's my experience with pricing, setup cost, and licensing?
Our experience with pricing included a staged pricing model based on units and servers, the cost per subscription, and the data usage, which involved about five different points in our pricing model. We spent roughly $295,000 on setup costs, and we have a five-year license.
Which other solutions did I evaluate?
Before choosing Teradata, we evaluated several options, including Snowflake, Teradata, Oracle Data Store, SAP MDM, and two other products whose names I don't remember.
What other advice do I have?
My advice for others looking into using Teradata is to conduct co-pilot type projects first; I recommend executing use case projects to truly see the value and understand how much it helps.
We are just a customer and do not have any other business relationship with this vendor.
On a scale of one to ten, I rate Teradata a nine.
Which deployment model are you using for this solution?
Public Cloud
If public cloud, private cloud, or hybrid cloud, which cloud provider do you use?
Disclosure: My company does not have a business relationship with this vendor other than being a customer.