DAYTON, Ohio, Nov. 4, 2010 /PRNewswire/ -- Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics, today announced that it has completed a data warehouse expansion agreement with Best Buy Co. Inc. (NYSE: BBY), the nation's largest consumer electronics retailer. Best Buy leverages its enterprise data warehouse (EDW) to provide business insight to its many users across a variety of business processes.
With this new extension to its database-driven business intelligence platform, Best Buy will have the ability to further bring together customer and product insights gathered from across its value chain.
More than 40,000 users interact on the Teradata system, processing about two million queries every day. In addition to the core Teradata platform and database, Best Buy has benefited from Teradata applications, including:
- Teradata Decision Experts (TDE), a pre-built, end-to-end financial analytic solution portfolio of several modules that speed delivery of Oracle ERP data, both Financial and Human Resources, to business users, supporting revenue growth, cost reduction and other initiatives.
- Teradata Value Analyzer (TVA), a profitability analysis application enabling monitoring of product and store profitability.
"We are honored to continue our status as the preferred data warehouse platform for Best Buy," said Rocky Blanton, president, Teradata Americas region. "This is a tremendous milestone agreement that renews and re-affirms our mutual commitment. We are also proud that the professional relationships between our services teams and Best Buy's data warehouse users, analysts and administrators are expanding with this capacity expansion. This is key, since Best Buy is also a significant Managed Services client."
Blanton said that Teradata is a great fit as Best Buy's enterprise strategy engine, which the retailer has said will require accurate and timely data that supports decisions and effective action leading to superior customer service. Best Buy installed its initial Teradata EDW in 2004.
Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics. Visit Teradata on the web at www.teradata.com.
Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.
SOURCE Teradata Corporation