Teradata inks Alfa Insurance contract

Source: Teradata Corporation

Teradata Corporation (NYSE: TDC), the global leader in active enterprise data warehousing, today announced that Alfa Insurance, which provides insurance and other financial services to more than one million customers in 13 central and southeastern states, has purchased Teradata warehouse technology.

"We selected Teradata in a competitive bidding process because Alfa's business intelligence initiative is critical to our long term business success. In addition, we need a data warehousing partner that is an experienced leader in the industry and has successfully proven themselves in the marketplace," said Al Schellhorn, senior vice president, Alfa Insurance, Corporate Development.

Alfa will use Teradata technology to enhance the productivity of its people; increase its knowledge of, and service to, customers, while investing resources in product and geographic expansion. Alfa intends to deploy business intelligence capabilities to drive enhanced analytics and pricing to ensure that service delivery exceeds customer expectations.

"We were investing in the long term needs for our company and a subject-specific data mart approach was not going to satisfy these requirements," said Vicky Smith, Alfa Insurance, Business Intelligence project manager. "With Teradata technology, we have the flexibility to grow iteratively over time and to accommodate the analytical, as well as the operational reporting needs of the organisation."

"Teradata is pleased to partner with Alfa Insurance and support them as they deploy an enterprise-wide business intelligence strategy," said Rick Morton, vice president, Financial Services, Teradata.

"Teradata's suite of software, hardware and professional consulting services makes it easier to quickly build and manage a data warehouse that drives enterprise intelligence supporting smarter, more competitive decisions."

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