The Hindu Business Line : Datawarehousing — Teradata eyes banking sector

IF you need to locate your next ATM, how do you decide where to set it up? Well, this can be addressed by extracting information from the large database a bank creates from its business, according to Teradata, the $1.4-billion datawarehousing solutions provider.

Or, are you finding it difficult to tap an existing bank customer with a new service offering? You can best do so by creating necessary business intelligence in the system.

The same analogy can be applied to the telecom industry, where change is constant. A database that provides an overview of customer behaviour can best address this issue.

Teradata, part of the $6-billion NCR Corporation, is eyeing the market for datawarehousing solutions in the banking and financial services, telecom and manufacturing sectors in the country.

The Director, Financial Services, Teradata, Mr Vince Leat, told Business Line that India has emerged as an exciting market for datawarehousing. At present, banks and financial services players have complex business systems where information resides in multiple services and across multiple locations. For banks to provide better services, they want a single view of all the information. Mr Leat said Teradata was in parleys with the Institute for Development Research and Banking Technology (IDRBT) to explore ways to partner with it and other banks, in the quest to create technologies that help better manage the information.

With Basel II norms for better risk management set to become mandatory, banks would need to adopt better practices, he said.

Globally, the business intelligence market is estimated to touch about $17 billion by 2007, and grow at the rate of about 30 per cent per annum. For instance, within banks, know your customer (KYC) and other mandatory compliance issues such as Sarbanes Oxley, Basel II norms, and other risk management issues, necessitate that they create the frameworks to address datawarehousing.

Apart from these sectors, the Government is yet another growth opportunity.. This relates to taxes, customs and healthcare areas, where at the click of a mouse, information can be extracted to offer certain services, he said.

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