Charles Schwab consolidates data

Financial services company Charles Schwab & Co has selected Teradata to provide datawarehousing technology to support its...

Financial services company Charles Schwab & Co has selected Teradata, a division of NCR Corporation, to provide data warehousing technology to support its reporting and analytical needs. 

Schwab selected Teradata's solution to benefit from its parallel database technology, linear scalability and ability to support real-time business intelligence.  

With both historical and current operational data consolidated into one central warehouse, front-line employees can have direct access to a single version of information for both analytics and decision-support needs.  

The consolidation of data will also help the company reduce information-technology complexity and improve customer service at lower costs. 

"By consolidating and simplifying our data warehousing platforms, we believe that considerable cost savings and operating efficiencies can be achieved across the company," said Scott Strait, chief technology officer at Charles Schwab.  

"With both operational and customer data stored in one central repository, the business can easily manage, access and analyse information for faster decision-making and improved customer service," he said.

CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more on Database software

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close