I just got back from the Teradata PARTNERS Conference in Washington D.C. – once again a a great event for learning from experts in the industry, listening to real-world examples on challenges with managing and leveraging huge data volumes, and networking with our fellow Teradata partners and customers alike.
It was my second consecutive year at the event, and what struck me most this year was that the topics have clearly shifted from managing big data to leveraging big data. Obviously, data volumes are exploding due to social media and clickstream data, sensor data and other sources and will only continue to grow. This year’s conference, however, was all about Analytics – how to use those data to drive business benefits. And there were great examples given at the conference.
In one of his presentations, Stephen Brobst, CTO of Teradata, described the benefits of collecting weather data around retail stores to determine whether conditions have a significant impact on food consumption in the store (e.g. the deli section). He said combining external weather forecasts with internal operational data and analytical information allows stores to adjust staffing and supplies for a huge impact on the bottom line.
Shaun Connolly, Program Director of Global Industry Solution at Teradata, described an example of how FedEx was able to save $60 million in staffing per year…