How Teradata Connects Relevant Risk Insights Across the Enterprise

In our Spotlight on Success series, Terri-Anne “TA” Wallen, VP of Enterprise Risk & Assurance Services at Teradata, shares how she leveraged AuditBoard’s connected risk platform to centralize documentation and develop a mature risk management strategy. Teradata, a software company based out of San Diego, CA, is a global leader in cloud-based data analytics that help rethink, empower, and accelerate business. 

Hear how this team scaled up their enterprise risk management program by optimizing their use of AuditBoard, including:

• Leveraged AuditBoard’s connected risk platform to assess risks based on probability, type, potential impact, and the company’s expected level of resilience.
• Centralized all documentation to log and document interactions with internal teams and process/risk owners in a tech-oriented, cross-collaborative environment.
• Demonstrated value to executive leadership by aligning actions and priorities with Teradata’s risk appetite.

Tell us a little about Teradata and the team’s use of technology when you started.

“Teradata is a data analytics company. We provide a platform that helps companies do their enterprise analytics. When I came to Teradata, the company had already implemented AuditBoard. So when I started with the team, I focused on listening to understand what type of usage was taking place and what type of ideation had been happening.”

How has Teradata leveraged AuditBoard to assess risk?

“AuditBoard gave us variable ways to look at risk, such as assessing our high risks with low likelihoods. For instance, think about COVID risks —  a pandemic was in that category of significant impact but low likelihood. It gives us the ability to see those types of risks and how ready we are for them. 

AuditBoard also gives us a dashboard and a system of record to be able to log, document, and really interact with internal teams and with various process and risk owners that we are bringing into the platform.”

How do AuditBoard’s risk insights support management’s high-level processes?

“We’re giving management value because they’re thinking about things from a higher level. It helps them show up better as they think through their ideation and what they’re going to do, whether it’s take a new action, implement a new tool, or roll out a new product. It just provides that added security of understanding whether their actions are in alignment with our overall risk appetite.”

How has AuditBoard helped you demonstrate your team’s value to the executive team?

“[The response from] our executive leadership team at Teradata has been wonderful. The feedback that I’ve heard from them is the word “relevant.” The work that we’re doing, and the way we’re doing our work, is relevant to the company in terms of embracing technology and working in a cross-collaborative environment.

We have spent a good amount of time baselining and maturing our enterprise risk management program and introducing a lightweight approach to risk appetite. When I look to AuditBoard, I think of them as being part of my strategy around having connected risk insights across the enterprise.“