Press Release
Nationwide Insurance Honored for IT Management Excellence - 8/25/2008
MIAMISBURG, Ohio — Teradata Corporation (NYSE: TDC), the global leader in enterprise data warehousing, today announced that its customer, Nationwide Mutual Insurance Company, was recognized for its "Best Practices in Infrastructure Management" at Computerworld's annual awards program.
"The goal of Nationwide's strategic data warehouse infrastructure management initiative is to reduce costs through server consolidation and provide a solid foundation from which we can drive growth," said Deepak Joshi, manager data warehouse, Nationwide Insurance. "We have successfully consolidated data warehouse servers, boosted processing power and added 10 terabytes of needed storage, which reduced annual costs by $1.6 million."
Nationwide depends on its mission-critical Teradata data warehouse to drive growth in areas such as pricing research, claims reporting, sales analytics and customer relationship management. In addition, the warehouse is used to manage costs for claims processing and fraud detection. Replacement of the servers not only generated a cost savings, but it reduced the data center footprint of the equipment and significantly decreased power and cooling costs, all by greater than 30 percent.
"Nationwide Insurance earned this award for their vision and the application of best practices in a highly competitive market," said Andrew Coleman, Teradata account manager. "Working with our partners from Nationwide, Teradata is pleased to have worked in concert with Deepak's entire team to provide both tactical and strategic infrastructure planning in the refresh of Nationwide's data warehouse technology."
About Teradata
Teradata Corporation (NYSE: TDC) is the world's largest company focused on raising intelligence through data warehousing and enterprise analytics. Teradata is in more than 60 countries and on the web at Teradata.com.
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