Teradata (NYSE: TDC) announced today that it has renewed and expanded its Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to support customers as they migrate to the cloud, accelerate the modernization of their data analytic ecosystems and maximize the value of artificial intelligence (AI) opportunities. This deepened collaboration with AWS will also allow customers to unlock additional industry-vertical use cases, leveraging generative AI, as they take advantage of Teradata’s integration with more AWS services and the two companies’ provision of harmonized data, Trusted AI, and secure, cloud-native technology.
The collaboration with AWS builds on an existing relationship, including previous integrations with AWS services such as Amazon SageMaker, which helps companies build, train, and deploy machine learning (ML) models for any use case with fully managed infrastructure, tools, and workflows, enabling companies to rapidly accelerate AI/ML projects to deliver data-driven insights.
“As a digital retailer with millions of online customers across the UK and Ireland, we know there’s nothing worse than when a consumer makes a purchase, and their desired item is out of stock. Worse yet, they make a purchase only to see the item go on sale days later,” said Peter Murty, Head of Technology - Data Platforms & Governance at The Very Group. “By leveraging Teradata VantageCloud on AWS, we are able to score complex machine learnings functions to predict consumer product demand of 2,000 brands and 160,000SKUs across every product size and color imaginable. This forecasting solution integrates Amazon SageMaker models with Teradata VantageCloud to leverage the performance of Teradata’s analytics database, ensuring that the right products are in stock and ready to ship when our customers want and need them. We look forward to future integrations to unlock more AI use cases, including around generative AI.”
“We are delighted to be working with Teradata to help our mutual customers meet their evolving analytics needs,” said Chris Grusz, Managing Director, Technology Partnerships at AWS. “Through this collaboration, we can deliver greater flexibility by enabling customers to migrate at their own pace and reduce data preparation for AI initiatives.”