Teradata’s ClearScape Analytics Shows Nearly 250% ROI, According to Total Economic Impact Study

Teradata (NYSE: TDC) — Customers of Teradata’s ClearScape Analytics experienced increased profitability through a notable improvement in data scientist productivity, faster time-to-market, scaling of artificial intelligence/machine learning (AI/ML) model deployment, and more. Those were among the conclusions announced today in a Forrester Consulting Total Economic Impact^TM (TEI) study commissioned by Teradata.

The study, entitled “The Total Economic Impact of Teradata ClearScape Analytics” explored findings gleaned through Forrester Consulting interviews with a North American healthcare organization with $5 billion in annual revenue and over 25,000 employees, and a ClearScape Analytics customer. Forrester then used the information to extrapolate and project a three-year financial analysis showing the 36-month, risk-adjusted present value (PV) benefits including the following:

• Improvements in data science operations directly attributed to ClearScape Analytics
  • 50% improvement in cumulative time savings for data science lifecycle
  • 3x more models managed by data scientists
  • It took less than 6 months to achieve payback for the healthcare organization’s ClearScape Analytics investment with an ROI of 244% over three years
• Improvements in AI/ML projects enabled by ClearScape Analytics
  • $125 million profit from models enabled by ClearScape Analytics
  • Increase in email open rates from 2% to 46%

Before using ClearScape Analytics, the healthcare organization interviewed for the TEI study said it faced difficulties in scaling its AI/ML models, and experienced problems around managing model drift, updating its feature banks and more. Because of these issues, the organization struggled to identify which AI/ML work would deliver real business value. Moreover, the organization could not run as many models as it would have liked as their data science team was at capacity and struggled to find ways to create new business value with AI/ML. Deploying ClearScape Analytics helped the company to mitigate these obstacles, provide better customer service, and halving the team’s work time. The company has now increased its data science team by 50%, tripled the number of models it was able to develop and deploy, and has freed up time to explore additional AI/ML use cases.