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Teradata Selected to Help Samsung SDS Develop Cloud Computing Technology for its Business
Sep 15, 2010 (06:09 PM EDT)
One of three technology innovators selected
SOUEL, South Korea, Sept. 15 /PRNewswire/ -- Teradata Corporation (NYSE: TDC) today announced that Samsung SDS signed a memorandum of understanding with it, Informatica, and MicroStrategy to jointly plan for a private Cloud computing solution for its Samsung SDS Cloud Business Intelligence Global Services group.
The Samsung SDS Cloud Business Intelligence Global Service solution will offer Samsung SDS a new platform from which to provide fast, low-cost analytic information to boost the competitiveness of its users. The advanced analytics to be performed in the Cloud will offer intelligence for business forecasting and management. The Teradata analytic engine provides a solid foundation for private Cloud computing initiatives. Samsung SDS has developed a specialized Cloud Computing Data Center to support this innovative effort.
"It is a clear example of Information and Communication Technology Service's commitment to improve the accuracy and analysis of data, which will supply intelligence for our business decision-making," said Park Seung-An, chief of the Technology Division at Samsung SDS. "This collaboration is an important milestone. It will provide a foundation for our Cloud computing."
"We are proud to work with Samsung to provide the foundation for their Cloud computing enabling Samsung business users to meet their expanding analytic needs. Business users and developers will be able to leverage the architectural flexibility of Cloud computing technology providing new agility and speed," said Joe Wenig, senior managing partner, Asia Pacific Sales and Services, Teradata Professional Services.
"The Cloud computing capability will eliminate the need to build costly physical data marts through their organization, because the production data can be accessed directly, without data movement or duplication," said Graham Sowden, senior vice-president of Asia Pacific for Informatica. "The importance of data integration and data quality management are increasingly important to effectively utilize data that is scattered across the enterprise."
According to Lee Hyuk-Goo, MicroStrategy country manager, Korea, "MicroStrategy looks forward to the new Cloud computing capability. This partnership with Samsung SDS will be an important breakthrough in supporting an entirely new technology to support fast decision making."
Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics. Visit Teradata on the web at www.teradata.com.
Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.
SOURCE Teradata Corporation