Teradata (NYSE:TDC)
VantageCloud Lake is the newest addition to Teradata’s (NYSE:TDC) cloud services.
With its cloud-native design, VantageCloud Lake uses multi-compute clusters that are automatically elastic and totally segregated from one another. It’s great for managing multiple workloads at once or keeping them separate in a secure environment, and it’s scalable and durable too.
In addition to its other powerful data analytics features, the highlighted product also comes with ClearScape Analytics, which offers full analytics platform support in the cloud.
Teradata’s (NYSE:TDC) cloud analytics and data platform VantageCloud was improved with the introduction of VantageCloud Lake.
Teradata’s (NYSE:TDC) goal with VantageCloud Lake is to eliminate the need for “shadow IT” systems by making it easier for customers to create cross-departmental projects that use central data while still adhering to good governance and keeping costs under control.
Consumer Demand Continues to Gain Steam
In the future, Teradata’s (NYSE:TDC) top line is likely to increase thanks to the rising popularity of VantageCloud Lake due to its many valuable features.
Teradata’s (NYSE:TDC) customer momentum is rising, and the new addition of VantageCloud Lake to the VantageCloud platform will only help.
With the success of the VantageCloud platform, TDC has forged partnerships with several companies in recent months.
Teradata (NYSE:TDC) and Ingram Micro, the most prominent IT distributor in the world, teamed together to enable Singaporean businesses to take advantage of the growing need for data-driven business intelligence by offering Teradata Vantage as a cloud service.
Another huge benefit of Teradata’s (NYSE:TDC) partnership with Microsoft is the seamless integration of the Vantage data platform with Azure. Because of this collaboration, businesses may take advantage of the technology developed by both firms to ensure their data analytics projects’ safety, dependability, and scalability.
TDC also deepened its relationship with Telefonica Espaa by helping it move its data analytics infrastructure from on-premises to Teradata’s Vantage service in the Google Cloud.
Efforts to Improve Future Outcomes
This latest step, together with the increasing momentum across VantageCloud, should help Teradata’s standing in the rapidly expanding cloud computing market, fueled by the increased need for telecommuting and online education due to the recent global pandemic.
A survey by Fortune Business Insights forecasts that the highlighted market will grow from its current value of $468.5 billion in 2022 to $791.5 billion by 2028, at a compound annual growth rate (CAGR) of 17.9%.
A study by Grand View Research projects a 15.7% CAGR for that market from 2022 to 2030.
Teradata (NYSE:TDC) hopes to capitalize on the booming data analytics market by releasing VantageCloud Lake.
As businesses see the value in implementing cutting-edge tools like AI and ML in their daily operations, demand for data analytics services has skyrocketed.
According to a survey by Technavio, this market would grow from $138.5 billion in 2021 to $196.5 billion in 2026, a CAGR of 13.5 percent.
We think Teradata (NYSE:TDC) will be able to win over investors in the short and long term thanks to its strong potential in these prospective markets.
TDC’s year-to-date share price fall of 23.4% is more severe compared to other companies in the Computer and Technology industry.
Featured Image- Megapixl @Rafaelhenriquepress
Author Shariq Khan 
