Teradata, the data platform and services company, announced on Wednesday that their big data solutions will support the electronics conglomerate, Siemens AG. It is believed that Siemens will use Teradata’s technology to combine and analyze data from sensors, the manufacturing process, and machine data, as well as various other source systems to improve manufacturing processes and product quality.
“We can now recognize the value within our data more quickly and efficiently,” said Dr. Michael May, Head of Technology Field Business Analytics and Monitoring. “Transforming big data into smart data will allow us to optimize the quality of our products and can provide our customers with improved service.”
Through using Teradata platforms, Siemens will be able to sift through a range of data – both structures and unstructured – enabling increasingly complex analytics to further improve strategic planning and operative process.
In 2013, Teradata’s annual revenues amounted to $2.7 billion, 1.0% above the prior years results. Analysts at Bloomberg expect the growth to continue, with predictions estimated at $2.8 billion in revenue by the end of this year.
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