Amid a continuing boom in artificial intelligence, executives at large enterprises are feeling the pressure. Almost nine in 10 executives understand the merits and potential of AI, according to an August IDC survey sponsored by Teradata Corp.

However, 86% of those surveyed indicated that they believed more governance was needed to make sure generative AI insights could be trusted. There’s also a growing skills gap around gen AI, with just 30% saying they were prepared or ready to leverage the technology today, according to the survey.

Clearly, those working in enterprises see the value in utilizing gen AI. But there’s a long way to go when it comes to trust and execution.

That subject will be of top interest during the Teradata Possible event on October 3. During the event, theCUBE industry analysts will look to learn more about how Teradata is maximizing AI opportunities for the enterprise.

“Teradata was the first company to successfully develop and sell an integrated system of hardware and software to maximize database performance,” said theCUBE’s Dave Vellante. “Over the years the company has evolved and today competes with a hybrid, cross-cloud offering to serve a variety of use cases. The company’s focus is to help customers modernize their platforms and drive the best and most predictable price performance while leveraging proven tools and processes.”

Join theCUBE, SiliconANGLE Media’s livestreaming studio, for our coverage of the Teradata Possible event, as we talk with thought leaders at the forefront of enterprise computing and learn more about how the Teradata ecosystem is looking to build data-driven solutions. (* Disclosure below.)

Teradata focusing on AI at scale

Along with its other offerings, Teradata’s VantageCloud Lake is a cloud-focused version of the company’s software, which originally debuted last August with initial support for Amazon Web Services. In July, the company made it available on Microsoft Corp.’s Azure cloud computing platform.

“We fundamentally believe that people thrive when they’re empowered with better information, and we are very intentional about our product and our platform helping you to get to that better information,” said Jacqueline Woods, chief marketing officer of Teradata.

Earlier in the year, Teradata partnered with analytics service provider Fair Isaac Corp., known as FICO, announcing an agreement under which the two companies said they planned to bring market-integrated advanced analytics solutions forward to be used for real-time payments fraud, insurance claims and supply chain optimization. AI was the catalyst here, and businesses need to adjust to both the threats and the opportunities, according to Lisa Stewart, senior vice president of worldwide partners and alliances at Teradata.

“From fighting fraud to managing global supply chains, AI-powered analytics and advanced decision management are the new requirements for keeping up as well as creating advantage,” Stewart wrote in a statement. “These are the core competencies of Teradata and FICO, and our partnership will make it easier for our joint customers to innovate in this new AI-driven reality.”

In June, Forrester Research listed Teradata as a leader in the cloud data warehouses market. Its report noted that Teradata’s vision focused on a strategy that “includes AI/ML at scale, integrated data plane, data fabric, data mesh, semantic mapping, data intelligence and hybrid multicloud.”

“Teradata has demonstrated commitment to the category by working directly with customers (big and small) to ensure its current and planned enhancements are aligned to customers’ data and analytics strategies and through meaningful partnerships,” the report reads.

Market assessment and the road ahead

Teradata’s revenue continues to grow. As a part of its second-quarter results, released in early August, Teradata reported that its total revenue was $462 million versus $430 million compared to last quarter, an increase of 7% as reported and 10% in constant currency. Its recurring revenue was $371 million versus $345 million, an increase of 8% as reported and 10% in constant currency.

Teradata’s VantageCloud recurring revenue represents just over 27% of the company’s overall recurring revenue through the first six months of the year.

“Our broad-based momentum across the business generated strong financial results, including 77% Cloud ARR growth, 10% increase in Total ARR growth and EPS that exceeded our guidance,” said Chief Executive Officer Steve McMillan at the time of the results. “We are pleased with the strong adoption and growth of Teradata VantageCloud, as customers see that our complete cloud analytics and data platform is differentiated and generates value in this new world of AI.”

Along with the broad question of how Teradata is maximizing AI opportunities for the enterprise, Teradata Possible will also be a chance to examine other pressing matters. Analysts will be listening for details on various use cases for executing AI-led solutions with cost efficiencies, along with details surrounding what’s unique about Teradata’s cloud analytics and data platform specific to generative AI.

“It always starts with data — how are people thinking about their data and using their data,” Woods said. “We think that there is an inflection point in the right people thinking about data analytics and insights. The time is now because of all the conversations that are happening around artificial intelligence, machine learning, deep learning and generative AI. Those are all things that are paramount to enterprises understanding their data.”

All of that will be of key interest during the Teradata Possible event. TheCUBE will provide full coverage of the event to capture all the breaking news and provide analyst-driven commentary on product announcements. You can follow theCUBE’s wall-to-wall coverage for firsthand insights.

TheCUBE event livestream

Don’t miss theCUBE’s coverage of the Teradata Possible event on Oct. 3. Plus, you can watch theCUBE’s event coverage on-demand after the live event.

How to watch theCUBE interviews

We offer you various ways to watch theCUBE’s coverage of the Teradata Possible event, including theCUBE’s dedicated website and YouTube channel. You can also get all the coverage from this year’s events on SiliconANGLE.

TheCUBE Insights podcast

SiliconANGLE also has podcasts available of archived interview sessions, available on iTunes, Stitcher and Spotify, which you can enjoy while on the go.

SiliconANGLE also has analyst deep dives in our Breaking Analysis podcast, available on iTunes, Stitcher and Spotify.

Guests

During the Teradata Possible event, theCUBE analysts will talk with industry experts and executives about generative AI and how Teradata is maximizing AI opportunities for the enterprise.

Here’s theCUBE’s complete Possible 2023 event preview video interview with Jacqueline Woods:

(* Disclosure: TheCUBE is a paid media partner for the Possible 2023 event. Neither Teradata Corp., the sponsor of theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

Image: SiliconANGLE