KX , a global leader in real-time streaming analytics, announced today that it has partnered with Databricks , the data and AI company, to drive business value by unifying all data , analytics and artificial intelligence (AI) to accelerate the growth of ultra-real-time analytics in new market sectors.
The partnership combines the power of Databricks’ Lakehouse platform with KX’s low-latency streaming capabilities, time series, and edge computing to jointly address market demand for real-time actionable information, driven by sensor explosion and transformation. accelerated digital data from all industry sectors.
As a result of the partnership, companies in sectors such as manufacturing, automotive, telecommunications, energy and utilities will have the ability to make decisions “in the moment” for the automation and optimization of critical processes, including detection and automated fault correction and the ability to run analytics-based models and machine learning for sub-second decision making.
For companies in the financial services industry, where the transformative power of ultra-real-time analytics is well understood, it will provide additional value in areas such as automated pricing and trading decision-making, real-time market surveillance, and data modeling. Live exchange performance and market impact analysis and trade execution.
“Databricks is a leader in the field of data science, and the integration with KX helps combine data science with actionable continuous intelligence to reduce time to view and time to value,” said Gerry Buggy , Chief Strategy Officer. of KX. “This partnership will provide even greater value to our existing financial services clients, while bringing our world-class streaming analytics technology to new industry sectors.”
The KX Streaming Analytics platform – based on kdb + the fastest time series database in the world – enables organizations to implement a continuous actionable intelligence process where integrated machine learning and complex event processing enable fast and complex automated actions to be executed. proactive decision making at sub-second speeds.
The Databricks Lakehouse platform helps organizations accelerate innovation by unifying data teams with an open and scalable platform for all of their data-driven use cases. From streaming analytics and AI to business intelligence (IE), Databricks provides a modern Lakehouse architecture that unifies data engineering, data science, machine learning, and analytics within a single collaborative platform.
“Databricks provides the database to store and manage all data, analytics and AI on a common Lakehouse platform,” said Pankaj Duggar , Vice President of Product Partnerships for Databricks. “The partnership with KX helps customers bring real-time streaming data to Databricks for a faster time to assess streaming analytics use cases.”
Negotiations are already underway with clients quickly to see the value of the solution. KX will deliver a keynote and participate in a financial services roundtable at Databricks Data + AI Summit 2021 on May 27.