Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics, today announced that Italy's Gruppo Montepaschi consolidated the data warehouses of multiple banks onto the Teradata Active Enterprise Data Warehouse platform.
Completed in the last year, the bank's Teradata Active EDW provides diverse users with valuable enterprise intelligence for marketing, sales monitoring and management reporting. Gruppo Montepaschi has been able to greatly simplify its information technology infrastructure and lower expenses. The Teradata Active EDW is accessed by corporate decision makers, executive users and thousands of managers from branch offices throughout Italy. The data warehouse provides business intelligence on several levels - from summary reports to detailed analyses of customer events.
"In a continuously evolving and highly competitive market, it is necessary to manage the complexity arising from the information requirements of business users with appropriate processes, people and technology," said Marco Bernardini, facility department manager of the Operational Consortium, Gruppo Montepaschi. "We found that Teradata offered the right technology and professional services needed to manage thousands of complex ad hoc and tactical queries in a single data warehouse environment."
The data warehouse has grown steadily from solely supporting decision-making for the marketing department to a strategic asset used by the entire organisation. Gruppo Montepaschi considers business intelligence to be an essential tool for gaining a competitive advantage in its market.
The Teradata Active EDW helped Gruppo Montepaschi manage the complexity arising from the integration of multiple banks, enabling execution of ad hoc queries at the same time as advanced analytics, without duplicating data. In addition to performance, the deployment of the Active EDW lowered the total cost of ownership, eliminated the risk of data inconsistency and provided enterprise intelligence on a timely basis.
"Our experience confirms that Teradata technology is capable of supporting the most advanced business decision-making requirements," said Sergio Lonoce, solutions developlopment department manager for the Operational Consortium, Gruppo Montepaschi. "Teradata enabled us to simultaneously manage thousands of queries; without this capability our business intelligence would be limited."