Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

Automating The Most Difficult Data Mining Tasks

Teradata Is The First To Automate The Most Difficult Data Mining Tasks

** Teradata Warehouse Miner 4.0 provides data mining innovations with enhanced consulting services **

AUCKLAND, New Zealand - Teradata, a division of NCR Corporation (NYSE: NCR), introduced Teradata Warehouse Miner 4.0 data mining software along with enhanced data quality consulting services. Teradata is the first vendor to significantly automate the most difficult and time-consuming tasks of analysing and preparing the data for data mining and data quality analysis, which enables businesses to drive a higher return on investment from the enterprise data warehouse.

Teradata has incorporated best practices captured from its data mining consultancy into Teradata Warehouse Miner, a powerful tool used to mine the world's largest data warehouses. The latest version, Teradata Warehouse Miner 4.0, contains two major innovative enhancements.

The first innovation significantly automates the generation of data for analysis, commonly referred to as the analytic data set. Teradata Warehouse Miner is able to analyse the entire data warehouse for specific relevant data elements and prepares them for analysis. The second enhancement offers built-in intelligence, which creates profiling capabilities that automate key data-assessment steps that identify patterns and anomalies in data.

"Selecting, profiling and preparing data is the most difficult and resource-intensive part of data mining," said Julian Beavis, Teradata vice president for India, Southeast Asia, Australia and New Zealand. "Pushing ahead of the competition, Teradata has found new ways to automate steps within the analytic data set creation by incorporating many new data mining components into Teradata Warehouse Miner 4.0 to make the data mining process easier while shortening the development and deployment cycle."

In addition to data mining software, Teradata has enhanced its data quality consulting services by incorporating data mining techniques that profile data within the database. Teradata customers' in-house data quality analysts can also utilise these data mining techniques to profile their data to validate business assumptions against their data and identify data inconsistencies. Profiling enables businesses to identify and resolve a wide range of data quality issues including: eliminating duplicate records, identifying missing data, validating data accuracy, verifying the format of data and identifying unrelated outlying data that may skew an analysis. Teradata Profiler leverages in-database, parallel processing techniques allowing the analysis of data directly in the database, eliminating the cost of data movement.

An innovative retail Teradata customer recently managed to convert a break-even target marketing campaign into a $1.6 million monthly profit by leveraging Teradata Warehouse Miner technology and Teradata Professional Services to identify incomplete and duplicate customer records which resulted in excessive mailing costs. By improving the quality of customer data and supporting multiple campaigns over a two-year period, this company was able to drive a total return on investment of over $54 million.

Successful data quality analysis and data mining are best performed within a single integrated warehouse where businesses can run a high-performance, thorough review of all data, not just a sample that may offer misleading clues to customer behaviour and business operations. Teradata's integration of data mining and data quality analysis within a centralised data warehouse streamlines these processes and makes it possible to analyse and mine large volumes of data in parallel for improved accuracy and speed.

"With global companies operating 24 hours a day, seven days a week, there is literally no time available for traditional data warehouse technologies to solve data quality issues. The speed at which a business can cleanse, transform and absorb data into a warehouse is critical to the company's success," said Michael Gonzales, president, The Focus Group.

Teradata Professional Services consultants have the expertise to identify quality data problems, help executives understand the inherent business problems affected by sub-par data quality, and develop a comprehensive action plan for data quality improvement. Teradata consultants are dedicated to helping businesses leverage the benefits of data quality and data mining to achieve tangible results. The expertise of Teradata Professional Services has evolved from working with many of the world's most successful companies.

"Teradata's innovative data profiling capabilities coupled with the world-class data warehousing consultancy and partnerships with industry-leading data quality vendors make the Teradata data quality solution the best and most comprehensive in the industry," said Mr Beavis.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>

ALSO:

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO: