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Teradata Corporation (NYSE: TDC), the world's largest company solely
focused on data warehousing and enterprise analytics, announced today
that Korea Seven, Inc. (www.7-eleven.co.kr), the regional group of
7-Eleven stores, will expand its Teradata data warehouse platform. The
7-Eleven retail group represents the world’s largest operator,
franchisor and licensor of convenience store outlets.
The enhanced Teradata system will be used to provide business
intelligence for decision making with a focus on merchandising across
more than 1,750 stores. As a result, Korea Seven expects to realize
economic efficiencies as well as increased customer satisfaction and
sales from more effective marketing and merchandise management. Since
2002, Korea Seven has used its Teradata intelligence platform to
support financial reporting and business operations.
Teradata Professional Services will assist with development of the new
merchandising system that will make it easier for employees to work
cooperatively and allow Korea Seven merchandise managers to better
analyze new products and pricing, plan events, calculate target
purchasing and inventory pricing, and manage target earning rates and
sales.
“The expanded Teradata system will more precisely manage the complexity
of our products and events by comparing and analyzing the system’s
index figures and metrics,” said Gi-cheol Jang, director of the product
division of Korea Seven. “Our merchandising activities can be
thoroughly evaluated to improve product management techniques.
Ultimately, this will enable more accurate, efficient and effective
merchandising practices and lead to an increase in store sales.”
“Clearly, a technology advancement of this magnitude involves real time
access to detail data and powerful analytics. Teradata’s platform will
enable the deep visibility, speed and accuracy of business intelligence
required for merchandising excellence,” said Mr. Moon-Seok Yoon,
president of Teradata Korea. Lotte Data Communication Company
participated as a systems integration partner in this project, with
responsibility for computer facilities operations and project
development support. The Korea Seven expansion was just completed.
On February 6, 2009, Teradata was ranked the industry’s number one
enterprise data warehouse platform in the “Current Offering” category
by Forrester Research in “The Forrester Wave™: Enterprise Data
Warehousing Platforms, Q1 2009,” authored by James Kobielus, senior
analyst, data warehousing. Forrester’s WAVE for EDW report is available
for download.
Teradata was positioned by Gartner, Inc. in the Leaders Quadrant in the
2008 “Magic Quadrant for Data Warehouse Database Management Systems”
authored by Donald Feinberg and Mark A. Beyer. Teradata was similarly
positioned a leader in the database and server analysis “Gartner Server
Evaluation Model Toolkit 5 for 2008.”
Teradata’s steadily growing momentum in the global retail business
includes such organizations as Ace Hardware, American Eagle Outfitters,
Cabela’s, Carrefour, COOP UK, Cortefiel, CVS, Giant Tiger, Groupe
Casino, Haggen Stores, Hallmark, Limited Brands, Lund Foods, JC Penney,
hhgregg, Hudson’s Bay Company, Isetan, Lowe’s, Macy’s, Migros
Switzerland, Overstock.com, Sheetz, Tesco, Timberland, and Winn-Dixie
as well as the world’s leading hypermarket, supermarket and discount
stores.
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