Teradata (NYSE:
The study, entitled "The Total Economic Impact(TM) of Teradata ClearScape Analytics(TM)" explored findings gleaned through
- Improvements in data science operations directly attributed to ClearScape Analytics
50% improvement in cumulative time savings for data science lifecycle
3x more models managed by data scientists
It took less than 6 months to achieve payback for the healthcare organization's ClearScape Analytics investment with a ROI of 244% over three years
- Improvements in AI/ML projects enabled by ClearScape Analytics
Increase in email open rates from 2% to 46%
Before using ClearScape Analytics, the healthcare organization interviewed for the TEI study said it faced difficulties in scaling its AI/ML models, and experienced problems around managing model drift, updating its feature banks and more. Because of these issues, the organization struggled to identify which AI/ML work would deliver real business value. Moreover, the organization could not run as many models as it would have liked as their data science team was at capacity and struggled to find ways to create new business value with AI/ML. Deploying ClearScape Analytics helped the company to mitigate these obstacles, provide better customer service, and halving the team's work time. The company has now increased its data science team by 50%, tripled the number of models it was able to develop and deploy, and has freed up time to explore additional AI/ML use cases.
The
"The important short- and long-term benefits cited in this study, as noted by our healthcare customer, can be experienced by companies across a broad spectrum of industries where there is a need for robust, open and connected AI/ML capabilities," said
The study also identified additional benefits from ClearScape Analytics:
- "The SVP of enterprise data and analytics told
- "ClearScape Analytics allowed the interviewee's organization to reduce manual tasks, increase productivity, and successfully scale models into production ..."
- "ClearScape Analytics enabled the SVP of enterprise data and analytics ... to deploy more models into production more frequently and with fewer resources."
- "Models built with ClearScape Analytics improved patient population health and outcomes through personalized messaging, proactive and relevant follow-ups, a better understanding of population health, and more."
- ClearScape Analytics' powerful AI engine empowered the customer to quickly scale end-to-end AI/ML pipelines with accountability, security and trust -- all while controlling costs.
For more information about Teradata or to obtain a copy of the TEI study, click here.
At Teradata, we believe that people thrive when empowered with trusted information. We offer the most complete cloud analytics and data platform, including for AI. By delivering harmonized data and trusted AI/ML, we enable more confident decision-making, unlock faster innovation, and drive the impactful business results organizations need most. See how at Teradata.com.
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