Talend SA (TLND - Snapshot Report) announced recently that its data platform, Data Fabric has been selected by Lenovo to carry out streamlining of inventory and product data from suppliers, repositories, vendors, warehouse, and manufacturing and for other e-commerce functions.
Does it Fit Lenovo’s Requirements?
Currently, Lenovo has a huge inventory comprising more than five million items or unique product IDs amassed over a period of many years. However, until now, information on these products remained scattered in separate databases, inventory management systems and a host of other enterprise resources, which made the identification of available products a cumbersome process to carry out.
With the help of Talend’s Data Fabric, Lenovo will now be able to unify this scattered data as well as validate its quality. This will also enable Lenovo to catalog the information accurately, which will pave the way for more actionable information at hand.
In a nutshell, Data Fabric will allow Lenovo to streamline inventory and product data from various sources, thereby enabling employees, partners as well as customers to identify product availability. Additionally, it will also enable Lenovo to advise customers in real-time on product delivery, replacement and repair schedules.
What Does this Mean for Talend?
Talend is a provider of cloud and big data integration solutions. During its second quarter 2016 earnings release, the company reported revenues of $25.4 million, achieving 38% year-over-year growth that was primarily driven by strong demand from the cloud and big data space.
As per the 2016 Gartner Magic Quadrant for Data Integration Tools, Talend made its way into the ‘Leaders’ quadrant that features other big players such as Informatica, International Business Machines Corporation (IBM - Analyst Report) , Oracle Corporation (ORCL - Analyst Report) and SAP SE (SAP - Analyst Report) among others.
Moreover, as per a research report by IDC, the big data and analytics market is estimated to be worth $203 billion by 2020. Given the huge prospect for growth in the big data space, we expect Talend to do well in the long run.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>