Teradata, the leading data and analytics company, announced that Mercado Libre, the fast-growing online commerce marketplace that leads the industry in Latin America, has completed migration of its active data warehouse ecosystem to Teradata IntelliCloud™, the newest generation of Teradata’s secure managed cloud offering that provides data and analytic software as a service (SaaS).
Mercado Libre, which hosts online commerce platforms in 18 countries with more than 3,500 searches per second, has 182 million customers and 70,000 queries running per hour. Analysts from different Business Units access data loaded in real-time to generate insights, which requires a massive data ecosystem to efficiently and seamlessly manage huge data volumes.
“The magnitude of our fast-growing business marketplace, payment system – and the resulting volume of high-concurrency, mixed-workload, and complex queries – has required data management power that other platforms could not handle. We are pleased with our decision to migrate from an on-premises platform to Teradata IntelliCloud on IntelliFlex. This has accelerated our business decision-making, our response time to our customers and users, and it provides the agility and elasticity we need when we have sudden, spiking demands for additional processing,” said Adrián Quilis, Business Intelligence Senior Manager, Mercado Libre.
The cloud deployment went very smoothly and for this reason Mercado Libre is also testing and experimenting with additional Teradata products, such as Teradata QueryGrid™, Quilis added. He foresees business growth to continue at levels over the past few years and expects the size of the data ecosystem to more than double in the near future.
Rapid growth in cloud adoption is creating increased demand for cloud and cloud services. In a recent announcement, Oliver Ratzesberger, Executive Vice President and Chief Product Officer of Teradata, said that by 2020, “90 percent of our customers expect to have a hybrid cloud environment – and more than 85 percent expect to buy ‘as a service’ for data warehousing.”
Mercado Libre will share details of its cloud migration at the annual Teradata PARTNERS Conference in Anaheim, California, on Tuesday, October 24 at 9 am. The speakers will be Adrián Quilis and Martin Di Santo, who support the Mercado Libre data warehouse. All are encouraged to attend.