An Inspiring Few Days at Possible London: Harnessing Data, Analytics and AI

The recent Possible event was truly inspiring, filled with engaging keynote speeches and insightful sessions that highlighted data, analytics, and AI as powerful value enablers. It was fantastic to connect with clients, colleagues, and partners to engage in exciting discussions about how Teradata empowers organizations to leverage data and AI to enhance business outcomes and customer experiences. 

Teradata Vantage™ is widely recognized as the most robust and scalable data analytics platform on the market - it was truly inspiring to hear from customers about their innovative uses of the platform, and their ambitious plans for AI in the near future. Here’s a summary of the exciting insights and future plans shared by our customers from around the world: 

Sicredi Bank from Brazil shared an impressive success story that has allowed them to develop an extended roadmap to meet the demands of its rapidly growing customer base., The bank is offering more personalized and targeted financial solutions: by reformulating their models with Teradata ClearScape Analytics™. Utilizing Bring Your Own Model (BYOM) capabilities, they achieved a 25x improvement in model processing performance compared to Databricks. This optimization reduced data movement by 83% and enhanced compute processing efficiencies, resulting in cost savings of over $650K for a single use-case. When multiplying this $650K per annum by 10, 20, 30, 40, or 50 predictive models, the potential value is immense. 

ANZ Bank from New Zealand shared valuable insights on implementing data and analytic strategies that balance the needs of customers, shareholders, and regulatory bodies. Achieving such equilibrium requires starting with a clear vision for data strategy and governance, and fostering a data-driven culture where data drives business outcomes. ANZ’s data journey is transforming the perception of data from a mere by-product, to a critical asset for informed decision-making. A key takeaway is the recognition that the value of data is paramount, as banks must “measure what matters.” 

Raiffeisen Bank International (RBI) from Austria showcased their innovative approach to integrating business data models across the entire group. They are transitioning from batch processing to a cloud-based, service-oriented model. This shift allows them to scale data products effectively, addressing the common challenge of central data teams’ limited scalability and lengthy innovation cycles. By adopting a federated approach, RBI enhances data quality through local ownership, ensuring that data producers and consumers communicate seamlessly. It was inspiring to learn how they navigated both the technical and organizational challenges during this transformation. 

Alior Bank from Poland offers a blend of traditional banking services and innovative solutions for both consumers and businesses. To align with their strategic goals, Alior Bank showcased their Cloud Data Warehouse (DWH) transformation project. Operating in Poland’s highly regulated financial market, Alior Bank and Teradata implemented new operational models to accelerate product development to meet stringent regulatory requirements. It was captivating to hear the business rationale behind their cloud journey, how the data warehouse and analytical environment integrate into the bank’s broader cloud strategy, the business outcomes achieved so far, and the future development plans for the platform. 

Admiral Insurance from the UK shared their journey of navigating the complexities of modernization as they migrate their data platform to VantageCloud on Google Cloud. With all existing data and analytic processes running on Vantage, a “lift & shift” approach was a low-risk option. Their success hinges on strategic alignment with their corporate mission (to “help more people look after their future”), and on the creation of an operational excellence program to achieve the desired business outcomes. The future looks bright for both Admiral and Teradata as they evolve into “a technology company that sells insurance.” 

Across the pond, representatives from a major US bank presented a common operational challenge: unresolved banking tasks that lead to customer dissatisfaction and high operational costs. To address this, they are deploying Customer Journey Analytics to gain unparalleled insights into critical “moments of truth,” particularly through inbound emails and phone calls. The latest innovation lies in the ability to run Natural Language Processing (NLP) models at scale on Teradata Vantage. This advancement unlocks customer intent signals buried in unstructured data, allowing these signals to be integrated into downstream workflows and applications. 

There were also insightful partner presentations from Microsoft, AWS and Dell on how they leverage the power of Teradata Vantage to deliver cutting-edge solutions in AI and Generative AI. 

And finally, a key-note presentation from Chris Barton, co-founder of Shazam, who invented an algorithm to identify music with a mobile when everyone told them it was impossible... They defied the obstacles and made it possible!  

If this has piqued your interest and you would like to dive deeper, recordings of these sessions are available on-demand. Contact us here for access or to find out more. And the learnings don’t stop here – we'll be back soon with a summary from Possible LA.