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RainStorâ€™s innovative technology significantly improves on-line data retention and retrieval for compliance needs
SAN FRANCISCO, CA Nov. 23, 2010 –/BackupReview.info/– Teradata Corporation (NYSE:TDC), today announced a partnership with RainStor, Inc. to provide specialized data retention capabilities enabling customers to keep compliance data for longer periods of time at a low cost. With RainStorâ€™s innovative technology, data is de-duplicated and compressed enabling a 97 percent storage footprint reduction. Additionally, data is directly accessible online and can be queried using standard SQL language and a number of other business intelligence tools.
This new partnership addresses the challenge of spiraling costs associated with retaining large and growing volumes of historical data. With built-in data reduction capabilities, the cost of retaining multi-terabytes, growing to petabytes goes down significantly. Organizations can now meet industry compliance regulations, and also improve enterprise intelligence by ongoing access to larger volumes of historical data.
Many Teradata customers, in a mix of industries, have begun to delve into massive volumes of historical detailed data, as these customer examples demonstrate.
Telecommunications â€“ U. S. and European Union regulations require that telecommunication providers retain call detail records (CDR) and also Internet protocol detail records (IPDR), which are created by smart phone users. The data must be retained for a minimum 12 months and be readily available to law enforcement agencies for criminal investigations. The challenge for telecommunications providers is that they now create millions of CDRs and IPDRs per day.
Retailers â€“ With Teradata, retailers are able to meet sales tax compliance reporting and auditing requirements by analyzing millions of transactions, which occurred over several years and involved thousands of products, across thousands of stores. By executing this detailed analysis in hours or a few days, not weeks and months, retailers can ensure that they are properly paying their taxes, which saves time, reduces labor costs, and avoids penalties and fines.
Finance â€“ A financial services customer stores 14 years of historical consumer banking data on everyone who has opened and closed an account to enable easy access for archival retrieval in support of governmental compliance.
â€œOur partnership with RainStorâ€™s specialized data compression and reduction software helps broaden Teradataâ€™s reach to the retention market. This complements the Teradata Purpose-Built Platform and back-up, archive and recovery solutions,â€ commented Scott Gnau, chief development officer, Teradata Corporation. â€œThis solution can eliminate the need to store historical data on tape and thereby avoid any business risk of not providing immediate response in compliance situations.â€
â€œMost industry sectors are now required to maintain online access to historical data, which not only complies with regulations but drives smart business decisions for a competitive advantage,â€ said John Bantleman, chief executive officer, RainStor, Inc. â€œWe are very excited about the combined data retention capabilities Teradata and RainStor are bringing to market, which we believe to be a unique industry offering that meets todayâ€™s big data problem.â€
Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.
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