BMW Group Financial Services taps Yellowbrick to enhance analytics
BMW Group Financial Services made a move this week to shore up its technological capabilities to serve its automobile and motorcycle retailers.
Hybrid cloud data warehouse company Yellowbrick Data announced it has been selected by BMW Group Financial Services to improve the group’s analytics performance and capabilities.
BMW Group Financial Services provides financing and leasing options for retail and commercial customers and offers customers selected insurance and banking products. Yellowbrick explained in a news release that will help improve the speed and quality of insights delivered from the BMW Group Financial Services large database, ultimately delivering customers faster finance and leasing answers, finance packages tailored for customers’ unique needs and a superior customer experience.
“We are thrilled to work with BMW Group Financial Services,” Yellowbrick Data chief executive officer Neil Carson said. “At our core, both BMW and Yellowbrick have a mission to bring unmatched performance to our customers. Yellowbrick shares BMW’s passion for speed, responsiveness, and user satisfaction.
“The Yellowbrick data warehouse is unmatched in its performance with query response times and workload capabilities that leave competition in the dust. Our ultimate data warehouse is the perfect match for the world’s Ultimate Driving Machine. We’re honored to partner with BMW Group Financial Services to bring new speed, flexibility, and capabilities to its database,” Carson went on to say.
Yellowbrick elaborated about how it will support BMW Group Financial Services’ business, including
— Accelerate query and ETL performance
— Improve workload management and monitoring capabilities
— Integrate seamlessly with existing business intelligence tools in place, including Tableau, SAS, TOAD Data Point and Informatica
— Reduce ongoing database maintenance and associated costs
— Leverage existing skill sets
“BMW Group Financial Services is a data-driven enterprise which aims to provide the best possible service and experience for our customers,” said Ian Smith, chief executive officer of BMW Group Financial Services North America.
“We are confident that Yellowbrick’s ability to quickly analyze large amounts of data and offer new insights will help us deliver on these goals,” Smith added.
Executives noted that initial tests and work with Yellowbrick have met these goals with query performance that is 152 times faster on average across 17 representative queries and space usage that is 70% lower.
“Yellowbrick solves the hard problems in data warehousing — high availability, complex mixed-workload support, support for ad hoc SQL, correct answers on any schema, scalability from terabytes to petabytes and on-the-fly capacity expansion while supporting large numbers of concurrent users,” Carson said.
“And we do this with the most compelling economics to deliver the lowest costs and best performance for business users. Our journey with BMW Group Financial Services is just beginning, and we’re eager to help BMW Group’s business and its customers for years to come,” Carson went on to say.