Mark Hurd must have been counting the days, waiting for his non-compete agreement with former employer NCR to run out. Now that it has, HP is rolling out Neoview, a product that will compete with data warehousing software from Teradata, a division that was Hurd's baby at NCR.
Hurd's successes at Teradata (which will become a standalone company, after a planned spinoff) paved the path to the chief executive's suite at NCR. Earlier this year, he recruited a former Teradata executive, Ben Barnes, to head HP's newly formed business intelligence group. After leaving Teradata, Barnes put in stints at IBM and ActiveIdentity.
Though analysts (and armchair analysts, like me) had speculated that HP might buy Teradata, that doesn't appear to be in the cards. Instead it is promoting the new Neoview software, which is on the Tandem non-stop computing platform.
Among the biggest fans of the Tandem platform are financial services companies and other transaction-intensive businesses. Many banks also realize that they need to make better use of the reams of customer data they have been collecting.
In a recent article in The Register, an Accenture analyst cites an "inability to store and process customer data in useful ways" as a big problem for banks. "They do not have the data in enough detail to identify profitable niches and market to (customers) effectively," says the analyst.
It's no coincidence India's Bank of Baroda is one of the customers quoted in the HP press release promoting Neoview. (Others include retailer Bon-Ton Stores and insurer Blue Cross and Blue Shield.)
Another Neoview user is HP itself, which is using it to consolidate 700 data marts into a super data warehouse.