Teradata Corp. (NYSE: TDC), the big data analytics company announced four powerful software-and-service solutions that speed up the transformation of Internet of Things (IoT) data to actionable insight. Teradata “Analytics of Things Accelerators” (AoTAs) are derived from field engagements at the world’s largest, most innovative IoT companies in manufacturing, transportation, mining, energy and utilities. The solutions are comprised of technology-agnostic intellectual property (IP) and professional services, applied approaches proven to reduce implementation cost and risk, accelerate time to value, and drive business returns far greater than the initial investments.
The Internet of Things is blending the physical and digital worlds even as it transforms industries and the way we live and work. Yet the challenges in generating business value from enormous volumes of IoT sensor data have enterprises looking for guidance on where to start. Teradata now provides direction and differentiation as well as ROI.
Teradata AoTAs help organizations determine what sensor data to trust and keep, while choosing types and combinations of analytical techniques to best address specific business questions. The accelerators help organizations move from “brute force” one-off projects to enterprise-class solutions scaling across thousands of complex devices and countless assets that result in continuous positive business impact.
Specifically, the Teradata AoTAs consist of: 1) a Condition-Based Maintenance Accelerator, which continuously monitors and analyzes asset data at scale to increase availability, improve safety, and reduce costs; 2) a Manufacturing Performance Optimization Accelerator, which identifies complex production problems across equipment performance and availability for quick corrective action; and 3) a Sensor Data Qualification Accelerator, which automates recommendations on the optimal frequency of sensor readings based on relevant anomaly patterns. Additionally, Teradata offers a Visual Anomaly Prospector Accelerator, which mines large amounts of multidimensional time series (MTS) data, and visually helps an end user discover anomaly patterns that frequently precede a key event.
Forecasts project 21 billion connected “things” in the digital universe by 2020. With data volumes generated by the IoT already dwarfing data waves from social media, information leaders must begin now to identify the requirements necessary to support adoption and implementation of IoT capabilities. Along with establishing requirements, they must also develop strategies, processes and execution plans to ensure that data is optimized to deliver compelling ROI.
Teradata AoTAs are already addressing and resolving $100 million-dollar problems for premier producers of vehicles, equipment, oil and gas systems, and consumer goods,” said Oliver Ratzesberger, Executive Vice President and Chief Product Officer, Teradata. “These challenges represent billion-dollar budgets for each company, to be clear on the scale of business value addressed by AoTA. For example, our AoTAs have increased Overall Equipment Effectiveness as much as 85 percent, while also improving predictability and asset availability. We are seeing a lot of excitement around our accelerators, because the return on investment is transformational in scope and compelling in business impact.”
Ratzesberger said many companies are unaware that Teradata consulting services have helped customers implement sensor data analysis since the late 1990s, with extensive experience in the manufacturing and utilities verticals. “Teradata consulting professionals are veterans at solving the biggest data problems in virtually every major industry, and experts in the use of IoT data, regardless of the customer’s analytic ecosystem,” he said.
Teradata “Analytics of Things Accelerators” are available immediately.
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