Teradata to invest $35 million for new development centre

Adith Charlie Mumbai | Updated on December 16, 2014 Published on December 16, 2014

Will hire 300 in the next 18 months

Data warehousing giant Teradata Corp will invest $35 million (about ₹220 crore) to establish and scale up a new development centre in India for servicing its American customers.

The $2.7-billion company will hire about 300 employees over the next 12-18 months for the new centre that will come up in Navi Mumbai (Maharashtra), said Robert Cromer, Vice-President, Americas Development Center, Teradata Corp.

The 24,000 sq feet centre will be Teradata’s third professional services facility in India. The NYSE-listed Teradata currently operates similar setups in Mumbai and Pune. The Navi Mumbai centre will be largely staffed by big data experts to cater to the strong demand for such solutions from clients in the Americas.

Big data refer to the computationally analysis of complicated datasets in a bid to decipher patterns, trends, and associations, especially relating to human behaviour and interactions.

Demand for data scientists

A McKinsey Global Institute study suggests that the US will face a lack of about 190,000 data scientists by 2018, in addition to shortfall of 1.5 million managers and analysts who can make decisions using big data. Global companies are increasingly sending data-related tasks to India as they seek to benefit from lower wages and the country’s ability to generate a large pool of engineering talent year after year, analysts said.

Additional capabilities

Besides big data analytics, the new centre will also provide additional capabilities related to database migration and managed services segments, Cromer added.

Currently, the company employs over 1,600 staffers in India, Sunil Jose, Managing Director-India had said in a recent interaction.

In addition to working for global customers, Teradata India renders services to domestic clients across sectors such as government, utilities and retail.

Published on December 16, 2014
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