Advantages of Using Online Teradata Client Tool

An Online Teradata Client Tool is one of the smartest ways to handle large data volumes for any organization. The data is available online at any time and can be easily accessed by the concerned departments to pull up reports for analysis or feed in more data. Its seamless availability through any web browser has made Online Teradata Client Tools one of the favorite database management resources for large enterprises. Business can define access parameters and give access to the database to partners and clients to pull up real-time data for their needs.

An Online Teradata Client Tool helps streamline the operations of a business that deals with large volumes of data on a daily basis. For instance, stock exchanges, commodity exchanges, currency traders, banks, big data companies and many such organizations that need to handle enormous amounts of data find it highly convenient to use the tool to get the right information whenever it is required.

On a technical level, an Online Teradata Client Tool does not require any large IT supervisory staff to manage the application. Even people with no knowledge of programming basics can pull up reports and charts and download specific data points. The drag and drop functionality ensures the tool is easier to use than more complex relational database management systems. In addition, the facts that it can be easily configured on standard UNIX platforms and provides faster performance than other middleware such as Open Database Connectivity (ODBC) makes it a better alternative for accessing database management systems. It also supports import of native metadata and has automated backup and recovery functionalities that protect against any data loss.

One of the most positive facts about this tool is that the real-time availability of the dataset to all users accessing it from anywhere in the world. An analyst based in Tokyo will see the same information that his colleagues see in Hong Kong, London or New York. The real-time availability enables better communication and collaboration as all parties have access to the same information and can pull up similar reports from different locations and agree on decisions that have to be taken based on the data.

Teradata Client Tool – The Best Way to Manage Stock Exchange Data

The working of a stock exchange includes securities trading, formulating business rules related to such trading, accepting and arranging listings, organizing and monitoring securities trading, managing and disseminating market information, and regulating members and listed companies.

In other words, millions of queries and data points are generated everyday involving buy and sell transactions. Information on a transaction performed is generated with the script id, buy/sell price and number of shares traded. Such a humongous amount of data is generated every day for all business days in a year, year-after-year. A stock exchange, as well as listed businesses and investors, have to make sense of this vast sea of information to understand changing customer behavior. It is also important to understand how and where business is evolving to stay competitive in a scenario where many stock exchanges are operational.

Why Teradata?

Teradata enables an enterprise to make sense of all the numbers and find the patterns that affect it. Managing and data mining stock exchange data successfully can be a critical factor for determining the success of a company. A couple of examples and scenarios are described here.

A manufacturing enterprise needs to monitor their market performance as well as track the performance of competitors, suppliers and possibly that of clients. Aside from their manufacturing analytics, quality and manufacturing performance evaluation, Teradata can help them monitor and track current and historical information to gain insights for formulating their strategy.

Teradata can help an organization integrate real time and historical data to create a rich information resource. Teradata’s true power lies in its ability to help an enterprise as an investment firm make sense out of this massive sea of data. It allows investment bankers and brokers to identify pathing and discover patterns for their clients. In addition, Teradata can help streamline their finance and performance metrics or manage risk and improve operational efficiency.

Teradata can provide end-to-end solutions for all big data applications including data warehousing and in-depth analytics while providing reliable redundancy and disaster and risk management options. The ability to manage stock exchange data in addition to this is just what makes it the best option for an organization.