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Hyundai Securities Chooses Teradata
(Wireless News Via Acquire Media NewsEdge)
Teradata, a company focused on data warehousing and enterprise
analytics, announced that Hyundai Securities has selected Teradata to
provide a data warehouse, which will include Teradata 12 Database and
the Teradata Active Enterprise Data Warehouse 5550.
Hyundai Securities first adopted Teradata's customer relationship
management and data warehousing technology in 1999. With the
acquisition of the Teradata 12 Database and the Teradata Active EDW,
the company plans to build a real-time enterprise data warehouse. The
new system will ultimately help Hyundai Securities to enhance its
securities brokerage for both domestic and foreign investors, asset
management, investment banking and customer service.
"By capitalizing on the largest sales network in the Korean market,
Hyundai Securities will break away from the traditional business model
that heavily focuses on securities brokerage and trading. We are now
striving to redefine ourselves as a global player by enhancing our
asset management and investment banking businesses," said Kim Chang
Sik, deputy manager, Hyundai Securities. "Teradata has the best
technology and expertise and was a natural choice for the
implementation of a 'next-generation' enterprise data warehouse. And,
another major factor in the selection process was Teradata's low total
cost of ownership. The total cost of ownership is important in terms of
long-term execution of Hyundai's strategy."
"Hyundai Securities business intelligence and analytics capability will
significantly improve with the combination the world-class Linux
platform and Teradata 12 Database," said Con Vass, country manager for
Teradata Korea. "Hyundai Securities has been focusing on product
development and collecting customer deposits since the enforcement of
the Market Consolidation Act. As a business partner, Teradata will
support Hyundai Securities with our technology and know-how to help
transform the vast amount of data being collected into a competitive
advantage. This will enable Hyundai Securities to be a more agile and
customer-focused. Teradata technology will enhance strategic decision
making, as well as push business intelligence to front-line customer
service representatives."
In the vendor selection process, Teradata competed with IBM/DB2 and
HP/Sybase. After a comprehensive review of each vendor's solution,
Hyundai Securities decided to adopt the Teradata Active EDW and the
Teradata 12 Database based on performance and availability, which are
important for the banking business.
The Teradata Active EDW runs on the 64-bit Linux operating system and
Intel Xeon processors and is expected to bring more than 50 percent
improvement in warehouse performance compared to the same size system
based on the prior 32-bit Unix MP-RAS platform.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))
Copyright ? 2008 Wireless News
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