Has improved data quality, optimized reporting processes, and enabled predictive insights across business units
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?
Ten years and still going
What do you like best about the product?
Integration of functionality into a cohesive package.
What do you dislike about the product?
Smaller community of users than other popular platforms.
What problems is the product solving and how is that benefiting you?
Teradata Vantage provides us with a cost effective platform that helps meet our performance goals as our analytics usage continues to develop and grow.
Teradata vantage review
What do you like best about the product?
the support team are responsive and they do what they can to help.
What do you dislike about the product?
when we need to improve performance on a complex query
What problems is the product solving and how is that benefiting you?
we use it to host our data wherehouse
Advantages of using Teradata Vantage
What do you like best about the product?
The possibility of training models in database
What do you dislike about the product?
does not have all the ML libraries - it is somewhat limited
What problems is the product solving and how is that benefiting you?
Business data integration, avoid information silos
A reliable and scalable analytical solution for public banking
What do you like best about the product?
What I value most about Teradata Vantage is its ability to efficiently process large volumes of data, its scalable architecture, and its seamless integration with visualization and development tools. Additionally, the specialized technical support has been key to the success of the implementation. The ability to perform complex analyses directly on the data warehouse without needing to move the data, compatibility with languages like SQL, Python, and R, and the ease of consolidating multiple sources of information into a single platform. This has allowed for improved strategic and operational decision-making at Banco Nación.
What do you dislike about the product?
Some administrative interfaces could be more intuitive for non-technical users. It would also be useful to have more localized documentation and examples adapted to the Latin American context. Finally, the licensing model could offer greater flexibility for public environments with budgetary constraints.
What problems is the product solving and how is that benefiting you?
Teradata Vantage has enabled the resolution of critical issues related to data fragmentation, slow information processing, and lack of traceability in regulatory reports. Thanks to its scalable architecture and integration capability, we have managed to consolidate multiple sources into a single institutional data warehouse, improving operational efficiency, data quality, and strategic decision-making.
Scalable, reliable, and Optimised for Complex Workloads
What do you like best about the product?
High Performance Query execution, Scalable Data Integration, Advanced Analytics and reporting
What do you dislike about the product?
User interface, Cost Optimisation is required, Integration with Emerging Technologies
What problems is the product solving and how is that benefiting you?
Handles Large Scale data queries with excellent speed and reliability, even for complex joins across billions of rows. Efficiently process and integrates data from multiple source systems, maintaining consistency and accuracy
Teradata Vantage Review
What do you like best about the product?
1. Operational Efficiency Gains – By consolidating multiple legacy data systems into Teradata Vantage, the bank could significantly reduce IT maintenance costs, streamline data management, and cut down on duplicate reporting processes. This may result in millions in annual savings on infrastructure and staffing resources.
What do you dislike about the product?
2. Specialised Skills Requirement – Staff may require specific training, leading to temporary productivity dips during the adoption phase.
What problems is the product solving and how is that benefiting you?
4. Improved Customer Insights – By leveraging integrated customer data, the bank can design more targeted marketing campaigns, increasing product cross-sell and customer retention, boosting revenue per customer.
Teradata Vantage
What do you like best about the product?
High performance and scalable analytics by massively parallel processing.
Teradata active workload management designed for concurrent and mixed workloads.
Handles complex SQL and analytic joins more efficiently than many other databases.
Vantage analytic library functions for data management, full lineage, traceability, and auditability.
Python, R, SQL based AI/ML models.
What do you dislike about the product?
Advanced GUI tool for Teradata viewpoint and console to manage the day to today system operations, workloads, alerts, space assignment, skewness, etc.
Integration of open source tooling into Teradata vantage for improving the user friendly interactions.
What problems is the product solving and how is that benefiting you?
Teradata vantage serves as the centralized data and analytics platform within the bank's data ecosystem. It integrates customer, transactional, operational, and regulatory data from various internal and external source system into a unified data store, enabling the bank to drive insights, compliance and decision making. This happens via overnight batch processing and reports the critical daily liquidity position, regulatory metrics, financial reporting, fraud, Enterprise data lake, customer's 365 applications, etc.
Best Teradata Vantage Review
What do you like best about the product?
It is very easy to use.
It has great stability.
What do you dislike about the product?
There's nothing I don't like. There may be some features I haven't used yet.
What problems is the product solving and how is that benefiting you?
reduce costs and complexity
Ease of use.
What do you like best about the product?
Its ease of use and handling of high volumes of data
What do you dislike about the product?
That there is not good On-Premise support.
What problems is the product solving and how is that benefiting you?
Solve the organization and management of high volumes of data.
