Teradata to Provide Life Insurance Corporation with India's Largest Data Warehouse; Data Management Solutions to Cater to LIC's 130 Million Customers.MUMBAI, India -- Teradata, a division of NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. (NYSE NYSE See: New York Stock Exchange :NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers ), announced today that it is providing data warehousing See data warehouse. data warehousing - data warehouse solutions to Life Insurance Corporation (LIC LIC Low Intensity Conflict LIC License LIC Licenciado (Spanish) LIC Long Island City LIC Life Insurance Corporation of India LIC Licensed Internal Code LIC Local Independent Charities of America LIC Line Integral Convolution ) of India. Called the Corporate Active Data Warehouse (CADW CADW Civil Air Defense Warning ), the 60-terabyte solution, implemented in 2004, is the largest data warehouse project of its kind in India. The CADW will cater to business volumes larger than 160 million insurance policies of 130 million policyholders with large volumes of cash transactions per day. With more than 24.5 million policies sold every year, LIC is one of the largest life insurance companies in the world. The Teradata(R) Warehouse will enable LIC to understand various usage profiles of the customers and policies in order to customize offerings and bundles and effectively manage them. "Being the largest life insurance company in India, LIC is constantly evolving its offerings to best suit the changing needs of its customers. We envisage Teradata's data warehousing solutions will empower LIC with tremendous analytical capabilities and help in designing customer-oriented insurance products," said T. S. Vijayan, managing director of LIC. "In Asia, Teradata's data warehouse and powerful analytical applications are widely accepted within the banking and telecommunications industries. Its coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. association with the Life Insurance Corporation of India The Life Insurance Corporation of India (LICI) is the largest life insurance company in India; it is fully owned by the Government of India. It was founded in 1956. only reinforces its commitment to India from both a global and domestic perspective. The implementation of Teradata's data warehouse will boost LIC's competitive edge and help increase the company's prospective customer base," said Amrish Rau, general manager of Teradata in India. About Teradata Division Teradata (www.teradata.com), a division of NCR Corporation (NYSE:NCR), is the global technology leader in enterprise data warehousing, analytic applications and data warehousing services. Organizations around the world rely on the power of Teradata's award-winning solutions to get a single, integrated view of their business to enhance decision-making, customer relationships and profitability. About NCR Corporation NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's ATMs, retail systems, Teradata(R) data warehouses and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. NCR (www.ncr.com) is based in Dayton, Ohio. NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion