from DSSResources.comNationwide Insurance recognized for high impact value creation and innovation in data management with TeradataDAYTON, Ohio, November 30, 2007 -- Teradata Corporation (NYSE:TDC), the world’s largest company focused solely on data warehousing and enterprise analytics, announced today that its long-time customer Nationwide Insurance, one of the world’s leading insurance and financial services companies, has received an Innovative Solution Award from DM Review, a top technology publication. The program recognizes organizations for innovative uses of technology across and beyond the business which result in highly significant and quantifiable business value. The Nationwide business case entry outlined its massive implementation of a highly effective data management infrastructure featuring a centralized data warehouse for financial intelligence which supports an innovative Master Data Management (MDM) initiative. Named FOCUS (Faster, Online, Customer-driven, User-friendly, Streamlined), the data infrastructure represents the consolidation and centralization of data from over 200 sources, integrating ledgers, charts and 300,000 spreadsheets once in use across the units. FOCUS has redefined the role and operating model of Nationwide’s core finance functions, processes and systems. Nationwide’s one-of-a-kind MDM system not only extracts data from operational systems into the data warehouse, but also propagates MDM data back out to the operational systems to ensure the integrity and consistency of data throughout the enterprise. “The Nationwide finance data warehouse is a vital component in a broader data integration infrastructure that knits together both analytic and operational systems,” said Tobianna Zappe, data warehouse manager for Nationwide. “This qualifies Nationwide as one of the vanguard organizations successfully extending enterprise data integration technology beyond its single-purpose roots to form the foundation of a comprehensive information ecosystem that spans analytical and operational realms.” As a result of the FOCUS initiative: Nationwide has saved close to a million dollars due to improved processes and elimination of previous legacy processes – in the first year alone More effective tools allow the finance department to stop micromanaging and address the larger business picture, greatly improving operational performance Productivity has increased: compared to other departments with siloed information operating with around 80 people, the FOCUS core development team operates with only 10 members. “We congratulate Nationwide Insurance for its innovative thought leadership in data management,” said Rick Morton, Teradata industry vice president for financial services, insurance and healthcare. “This is truly a powerful case where the integration and centralization of enterprise data for both analytical and operational purposes has provided significant return on information technology investment. This is exactly why more companies are turning to Teradata for data warehouse implementation, consulting and support.” Enterprise Data Warehouses produced by Teradata analyze business operations to drive better, faster decisions by providing a complete view of the business and the agility to create a sustainable competitive advantage. The latest data warehouse release, Teradata 12.0, includes advanced features such as high-performance parallel database technology, a cost-based optimizer, a sophisticated mixed workload management tool, a full suite of data access and management tools and data mining software. Teradata shipped the first data warehouse in 1984. About Nationwide Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $160 billion in assets. Nationwide ranks #104 on the Fortune 500 list. The company provides a full range of insurance and financial services including auto, motorcycle, boat, homeowners, life, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions, long-term savings plans and health and productivity services. For more information, visit www.nationwide.com. About Teradata Teradata Corporation (NYSE: TDC) is the world’s largest company solely focused on raising intelligence through data warehousing and enterprise analytics. Teradata is in more than 60 countries and on the Web at www.teradata.com. Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries. Contacts Teradata Corporation Mike O’Sullivan, 937-445-7152 mike.osullivan@teradata.com |