Teradata has launched the latest version 5.1 of its data-mining technology, Warehouse Miner.
The new product is based on an open analytic environment that is designed to expand data-mining technology options by supporting data from multiple vendors to be embedded and run within the Teradata enterprise data warehouse whilst using the Teradata database for in-database mining.
The technology is designed to uncover relationships and patterns within data that can be used to predict behaviour and events. The intended benefit to businesses is that they can better understand customer behaviour , identify unexpected opportunities, and anticipate opportunities and problems before they happen.
One key enhancement in the new system is the embedding of partner analytic applications that run within the database. Partners' applications are preconfigured and integrated into a customer's open enterprise warehouse environment.
Neural network algorithms provided by StatSoft are just one example. These are sophisticated statistical tools capable of identifying and evaluating the inter-relationship of a large number of variables at one time. They are capable of self-learning behaviour.