Teradata Joins Open Manufacturing Platform
February 23 2021 - 9:00AM
Business Wire
Teradata will work with leading manufacturers
in the Open Manufacturing Platform community to develop solutions
for industrial IoT and Industry 4.0
Group aims to enable faster and more
cost-effective innovation and production in manufacturing and
automotive through cloud-based data analytics
Teradata (NYSE: TDC), a leading multi-cloud data warehouse
platform provider, joined the Open Manufacturing Platform (OMP) – a
global alliance initiated by the BMW Group and Microsoft to drive
industrial IoT developments and build future Industry 4.0 solutions
in the manufacturing and automotive sector. As a member of the OMP,
Teradata will help manufacturers accelerate innovation and achieve
production efficiencies across the entire value chain by unlocking
the potential of their data.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210223005429/en/
Teradata Joins Open Manufacturing
Platform (Graphic: Business Wire)
Common Challenges for Industry 4.0
While working to build their “smart factory,” in which all
plants, products and processes are digitalized and interconnected,
manufacturers worldwide share similar advantages and challenges:
They benefit from a rapid adoption of new technologies that allow
for greater operational efficiencies, factory output, customer
loyalty and net profits, but too many manufacturers still struggle
with the real-world implementation of IoT concepts. One such
challenge is ensuring that data from legacy, as well as modern
systems, is interoperable and usable across a multi-cloud
environment so that holistic decisions and predictions can be made.
Proprietary systems, which so often become data silos, make
reliable visibility throughout the supply chain daunting, and thus
hinder future business models. In addition, thousands of analytical
models are needed to evaluate the petabytes of data produced by
machines and robots every hour in order to generate actionable
insights.
Building the Future of Manufacturing with Data
Analytics
To solve these pressing challenges, Teradata will bring its
extensive experience, expertise, and solutions in cloud-based data
analytics to the OMP community, with a specific focus on the
“Manufacturing Reference Architecture” and “Semantic Data
Structuring” working groups. In open collaboration and knowledge
sharing with leading manufacturers, Teradata will work to develop a
blueprint for an industrial IoT architecture, and to simplify the
deployment and management of the entire cloud and edge
manufacturing environment. Teradata will also help develop a
semantic data structuring layer so that manufacturers can easily
share, reuse, and evaluate heterogeneous data.
Both are critical projects in terms of the objective of the
working groups: to define and to use a common open data model, to
influence existing and future standards, and to build open
solutions for industrial IoT. By being completely independent of
cloud providers or other vendors, Teradata's technology
substantially aligns with the core principle of the OMP to bring
forward platform-agnostic solutions that enable a smarter future in
manufacturing.
“Teradata has been helping the world's leading manufacturing and
automotive companies boost their production through data for more
than 40 years,” says Peter Stadler, Vice President, Central Europe
at Teradata. “As a member of OMP, we are pleased to accompany them
on their way to Industry 4.0 and to contribute to new cutting-edge
solutions with the help of data analytics and thus also to smart
manufacturing of the future.”
Founded in 2019 under the umbrella of the Joint Development
Foundation, a part of the Linux Foundation, the OMP helps
manufacturing companies accelerate innovation at scale through open
cross-industry collaboration, knowledge and data sharing as well as
access to new technologies. Current OMP steering committee members
are Anheuser-Busch InBev, BMW Group, Bosch Group, Microsoft, and ZF
Friedrichshafen AG.
Teradata also contributes to other industry alliances, such as
the Open Subsurface Data Universe (OSDU) Forum, focused on
developing a standard data platform that brings together
exploration, development, and wells data in the oil and gas
industry.
More information about the Open Manufacturing Platform:
https://open-manufacturing.org/
About Teradata
Teradata is a leading multi-cloud data warehouse platform
provider, solving the world's most complex data challenges at
scale. We help businesses unlock value by turning data into their
greatest asset. See how at Teradata.com.
The Teradata logo is a trademark, and Teradata is a registered
trademark of Teradata Corporation and/or its affiliates in the U.S.
and worldwide.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210223005429/en/
Jennifer Donahue 858-485-3029 office
jennifer.donahue@teradata.com
Teradata (NYSE:TDC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Teradata (NYSE:TDC)
Historical Stock Chart
From Apr 2023 to Apr 2024