The UK's Barclays Bank is consolidating its existing disparate databases across the enterprise onto a single platform supplied by NCR subsidiary Teradata.
Barclays first implemented a Teradata warehouse in 1992. The data warehousing technology will now be used for both operational information such as event-based marketing and anti-money laundering systems, as well as analytical and historical information.
Teradata says the long term contract will enable Barclays Bank to reduce licensing and support costs associated with maintaining multiple database platforms, enhance information availability and accuracy and improve the effectiveness of its business intelligence and customer relationship management (CRM) applications.
David Weymouth, CIO of Barclays, says: "Consolidating our existing disparate data warehousing platforms will provide considerable cost savings across the business. Additionally, we will realise increased value through moving to one version of operational and customer data for Barclays business units to use, enabling better, faster decision making across the business."
The first phase of the project consists of the consolidation of existing data warehouse systems from other suppliers, as well as migrating all data from systems at its Woolwich subsidiary.
Teradata says research it has conducted over the past 24 months has shown that the cost of supporting and maintaining each separate data mart averages between £1m and £1.3m per annum, so there are significant cost saving opportunities from consolidating databases into an enterprise data warehouse.