Teradata Stock Price, News & Analysis

A new survey conducted by Teradata and NewtonX reveals that while enterprise leaders believe in AI's potential, they face significant challenges in data reliability and strategic alignment.

Notably, 70% of executives indicate their AI strategy isn't fully aligned with their business strategy. Furthermore, 40% don't trust their data to produce accurate AI outputs, although 61% do trust the reliability of their AI outcomes. Only 12% have implemented AI solutions company-wide, with most preferring departmental-level applications.

Executives see AI's main benefits in productivity and customer experience, yet concerns about AI missteps impacting customer satisfaction and company reputation persist. Barriers to effective AI scaling include a lack of technical talent, budget constraints, and insufficient infrastructure.

Despite these challenges, 60% of respondents reported a demonstrable ROI from AI projects, and 84% expect results within a year. The survey underscores the need for clean, reliable data and strategic partnerships to enhance AI trust and integration.

Teradata (NYSE: TDC) announced the private preview availability of Teradata AI Unlimited in Microsoft Fabric at Microsoft Build. This on-demand AI/ML workload offers seamless integration and frictionless access to ClearScape Analytics, enabling rapid AI innovation and use case development within the Microsoft ecosystem.

Users pay only for the time spent, mitigating cost concerns. The SaaS deployment aims to simplify user adoption through its intuitive interface, eliminating complex configurations. Key features include embedded notebooks, financial customer journey insights, customer behavior analysis, segmentation, and data preparation with Teradata VantageCloud's processing power.

Teradata AI Unlimited in Microsoft Fabric will be available in private preview in June 2024, continuing Teradata's commitment to fostering AI innovation.

Teradata (NYSE: TDC) will be presenting at investor conferences including J.P. Morgan Global Technology Conference and TD Cowen Technology Conference. The presentations will be webcast live and available for replay. Teradata provides cloud analytics and data platform for AI, enabling confident decision-making and impactful business results.

Teradata reported first quarter 2024 financial results, with public cloud ARR reaching $525 million, a 35% increase. Despite a slight decrease in total ARR and revenue, the company remains confident in its long-term growth targets. GAAP diluted EPS was $0.20, while non-GAAP diluted EPS was $0.57. The company aims to improve execution, profitability, and shareholder value.

Teradata renewed and expanded its Strategic Collaboration Agreement with AWS to support cloud migration, modernize data analytics, and maximize AI value. The collaboration will unlock industry-vertical use cases and generative AI opportunities, enhancing customer experience and accelerating AI/ML projects. Customers benefit from fast, flexible cloud access, simplified AWS Marketplace access, industry cloud solutions, and generative AI analytics use cases.

Teradata (NYSE: TDC) is embracing open table formats like Apache Iceberg and Delta Lake to build an open and connected ecosystem for AI. The company's AI Unlimited is moving to public preview on AWS and Azure marketplaces in Q2 2024, with new integrations with modern data stack tools to increase customer productivity.