Teradata Warehouse Miner 5.1 Enables Businesses to Predict the Future
Open Analytic Environment Expands Data-Mining Technology Options While Leveraging the Teradata Database for In-Database Mining
DAYTON, Ohio--(BUSINESS WIRE)--Teradata, a division of NCR Corporation (NYSE:NCR), announced the availability of Teradata® Warehouse Miner 5.1, which enables data-mining technology from multiple vendors to be embedded and run within the Teradata enterprise data warehouse.
- Teradata’s powerful technology pushes beyond describing what happened last quarter, last week, yesterday and even intraday to better predict what is going to happen in the future. The technology uncovers relationships and patterns within the data that can be used to predict behavior and events. As a result, businesses can better understand customer behavior, identify unexpected opportunities, and anticipate opportunities and problems before they happen.
- Due to increasing customer adoption of in-database processing, Teradata has made 150 customer-requested enhancements to Teradata Warehouse Miner. One of the key improvements is the embedding of partner analytic applications that run within the database. The partners’ applications are preconfigured and easily integrated into a customer’s open enterprise warehouse environment. Neural network algorithms provided by StatSoft are just one example. Neural networks are a sophisticated statistical tool that is capable of identifying and evaluating the inter-relationship of a large number of variables at one time. They are capable of self-learning behavior.
- Neural network algorithms have many invaluable business and practical uses. They can be used to determine credit worthiness of an individual, detect and evaluate medical phenomena to support a treatment plan, and prevent fraud by recognizing a signature, including the velocity of a pen stroke of an individual consumer.
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