Teradata Rapid Analytic Consulting Engagement

Rapid Analytic Consulting Engagement is services of a technique of profound representation to clients of data on potential advantage of analytical solutions in business. The technique is abstracted from specific technologies.

On September 21, 2016 the Teradata corporation announced start of services of RACE - Rapid Analytic Consulting Engagement. According to the statement of the press service, the company integrated data analysis and technologies in one process, than achievement of results within 6-10 weeks is provided.

In services of RACE from Teradata development of Teradata Business Value Frameworks is used. Final structures are adapted for specific industry and (or) activity and promote faster obtaining economic effect. They find optimal and most valuable analytical solutions that promotes reduction of a payback period of investments into analytics and reduces the risks connected with difficult analytical transactions.

Services of RACE from Teradata are required when assessment of potential investment profitability and a strategic business impact is made prior to investments, despite complex variables by drawing up forecasts. Implementation and use of analytical programs by business users becomes complicated such key factors as inflow of data from new sources, including these sensors of Internet of Things, and fast distribution of new analytical methods. Having received detailed data using Business Value Framework, the clients using service of RACE can start project implementation, having a clear idea of when and as their project will begin to make profit.

The technique of RACE consists of three main stages:

1. Approval – Using a technique of Business Value Framework as a starting point, consultants of a business intelligence of Teradata company help the client to define and approve the most perspective solutions and also to confirm availability of the key data necessary for implementation of the specific solution.
2. Development – Specialists in data processing of Teradata company execute loading and data preparation and develop new or adapt the existing analytical models for the selected solutions. At this stage there are fast iterations that allows investors to be convinced that the received analytical outputs will provide achievement of desirable results for their business.
3. Assessment – Consultants of a business intelligence of Teradata company analyze the received results, lock in potential profits on implementation of analytical solutions in required scale and develop the plan of implementation for the specific client.

When the companies involve consultants of analytics, they expect to receive the estimates based on experience of what works and that does not work. Understanding it, consultants of Teradata apply the fulfilled tactics that allows our clients to achieve good results for business in more short time. Along with our unique opportunities in the field of consulting we also use our extensive technical capabilities for creation and implementation of the innovation analytical ecosystems and management of them. Such complex program implementation, and is that only Teradata is capable to provide, simplifies life to our clients and considerably reduces their risks. Dan Harrington, executive vice president for questions of consulting services and customer support of Teradata corporation

The solution Teradata Business Value Frameworks of Teradata company helps consultants of Teradata:

• reveal and define priority of these or those solutions answering to strategic objectives of the company and bringing notable benefit for business;
• concretize elements of each analytical solution, including the considered business challenges, necessary data members, the checked analytical methods, the corresponding key performance indicators and the confirmed improvements;
• estimate a maturity of the existing analytical opportunities for identification time of the hidden defects and the offer of the solutions guaranteeing that investments into analytical potential answer strategic objectives of business.

The solution Business Value Frameworks, ready to use, offers versions of the implemented analytical solutions on two aspects: activity and branch of the economy. Treat activities:

• customer service and marketing;
• supply chain;
• products;
• operating activities;
• infrastructure and assets,
• finance and risks.

Data on the industries where it is applicable are added afterwards to these activities.

We trust Teradata long ago as to the leading supplier of analytical technologies and as soon as they began to render us consulting services in questions of a business intelligence and data processing, it became obvious that we will quickly benefit from their extensive experience. Using Business Value Framework in telecom industry, Teradata presented practical solutions for real tasks, confirmatory that we use the data with the maximum return. In several weeks using a technique of RACE we received the project plan developed taking into account our requirements, and, what is even better were sure that our investments will provide achievement of desirable results. David Bloch, head of department of analytics and strategy of data of Vodafone company (New Zealand)

Services of Rapid Analytic Consulting Engagements (RACE) and Business Value Frameworks of Teradata company are available to the order.