Trusted AI remains a focal point for enterprise leaders as they seek to drive innovation and operational efficiency.
A recent study, commissioned by Teradata Corp. and NewtonX Inc., explored AI’s evolving role in modern business environments, surveying more 300 C-suite executives across multiple industries. The results provide a snapshot of the growing optimism around AI’s potential, with 90% of respondents agreeing that AI will significantly impact their companies’ future success. However, notable hurdles temper this optimism, especially when it comes to expanding and ensuring the dependability and security of AI initiatives.
Teradata is tackling these challenges by offering scalable AI solutions that prioritize security and reliability for enterprise applications, according to Rob Strechay, managing director at theCUBE Research.
“Teradata is a trusted data platform for many organizations’ most sensitive data,” he said. “Knowing this, Teradata is working with its hyperscale cloud partners to keep data governed and secure while gaining the advantages of a cloud data lake and AI services from those major providers.”
As business leaders continue feeling the pressure to adopt AI, addressing these issues will be a top area of focus during the Teradata Possible 2024 event on October 8. Join theCUBE, SiliconANGLE Media’s livestreaming studio, for real-time, on-site event coverage. Exclusive interviews with data platform experts, software engineers and analysts will delve into the developments and innovations within Teradata’s ecosystem, and discussions will focus on how the company is enhancing its Trusted AI initiative and boosting its VantageCloud Lake’s capabilities. (* Disclosure below.)
Product enhancements strengthen VantageCloud and ClearScape Analytics
As businesses increasingly rely on AI and data-driven strategies, Teradata continues to enhance its offerings to meet these demands. The company’s latest developments reflect its commitment to providing scalable and adaptable solutions across industries, and the market has reacted in kind. Teradata’s latest earnings report, for second quarter 2024, showed solid financial results, with cloud ARR growing by 32% in constant currency and maintaining a strong 123% net expansion rate in the cloud.
“In a world where analytics and AI underpin a company’s success, our hybrid cloud platform and foundation of trusted data and analytics are what they need to consistently deliver value to their business,” said Steve McMillan, president and chief executive officer of Teradata.
Teradata’s VantageCloud Lake, a cloud-native version of its enterprise software, is a vital component of the company’s AI-powered offerings. It was first introduced in 2022 with support for Amazon Web Services and later expanded to include Microsoft Corp.’s Azure in 2023. This expansion aligns with Teradata’s goal of providing adaptable cloud-based analytics solutions that enable businesses to gain advanced AI and data capabilities. The platform’s expanding presence across different clouds also enables multicloud flexibility, a crucial factor for scalable analytics across various industries, according to Jacqueline Woods, chief marketing officer of Teradata.
“We fundamentally believe that people thrive when they’re empowered with better information, and we are very intentional about our product and our platform helping you to get to that better information,” she told theCUBE.
Following the launch of VantageCloud, Teradata introduced ClearScape Analytics as another development in its journey to strengthen AI and advanced analytics capabilities. ClearScape offers users more comprehensive data exploration tools designed to provide deeper insights and enable faster, more confident decision-making in complex environments.
“Teradata’s ClearScape Analytics, which originally shipped two years ago and has impressive updates announced at Teradata Possible, offers a comprehensive solution for organizations looking to streamline their AI and machine learning operations,” Strechay said. “Organizations are looking to have vendors, like Teradata, that can show them the path to return on AI.”
Teradata recently announced new features and functionality in ClearScape. These features are “designed to enable the world’s most innovative organizations to maximize the [return on investment] of their AI/ML investments and boost data science productivity to achieve business outcomes faster and more efficiently,” according to an announcement last week.
Trusted AI strengthened through strategic partnerships
Teradata has solidified its position as an AI frontrunner through strategic partnerships with major technology providers. These alliances aim to bolster Teradata’s AI offerings by incorporating state-of-the-art machine learning tools and open-source platforms, providing customers with versatile, robust AI solutions. One noteworthy partnership is with Google Cloud, which aims to develop scalable analytics solutions that use Google’s cloud infrastructure to speed data processing and facilitate AI deployments.
“Our collaboration with Google Cloud reflects the deep commitment both companies have to help organizations successfully and responsibly execute their business strategies using AI,” Hillary Ashton, Chief Product Officer at Teradata, said in the June announcement. “VantageCloud Lake with Google Cloud, which comes with ClearScape Analytics and seamless integration of Google Cloud’s AI services, is designed to allow customers to tackle challenges, seize big opportunities and drive massive value with trusted AI.”
In addition to Teradata’s collaboration with Google Cloud, the company recently partnered with DataRobot Inc. to accelerate AI adoption in large enterprises by providing more options and flexibility for building and scaling safe, effective AI models. And in another recent expansion of its ecosystem, Teradata partnered with Anaconda Inc. to bring open-source data science tools into the fold.
“As AI becomes further engrained in every business, it has never been more critical to have a secure and trusted platform that mitigates risks from enterprise AI use,” said Barry Libert, CEO at Anaconda, at the time of the announcement. “Teradata’s investment in data privacy and security aligns well with Anaconda’s deep commitment to secure, trusted AI innovation and allows us to provide a simple, rapid and innovative open-source solution to increase AI business value.”
Follow theCUBE’s wall-to-wall coverage of the Teradata Possible 2024 event for fresh insights from our analysts into the company’s latest innovations, product enhancements and more.
TheCUBE event livestream
Don’t miss theCUBE’s coverage of Teradata Possible 2024, from Oct. 8. Plus, you can watch theCUBE’s event coverage on-demand after the live event.
How to watch theCUBE interviews
We offer you various ways to watch theCUBE’s coverage of Teradata Possible 2024, including theCUBE’s dedicated website and YouTube channel. You can also get all the coverage from this year’s events on SiliconANGLE.
TheCUBE Insights podcast
SiliconANGLE also has podcasts available of archived interview sessions, available on iTunes, Stitcher and Spotify, which you can enjoy while on the go.
SiliconANGLE also has analyst deep dives in our Breaking Analysis podcast, available on iTunes, Stitcher and Spotify.
Guests
During Teradata Possible, theCUBE Research’s analysts will talk with data platform experts, software engineers and analysts to discuss the developments and innovations within Teradata’s ecosystem as the 45 year-old company establishes new standards through its Trusted AI initiative.
(Disclosure: TheCUBE is a paid media partner for the Teradata Possible 2024 event. Neither Teradata Corp., the sponsor of theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)