KX, a worldwide leader in real-time streaming analytics, today announced 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 analytics, time-series and edge compute capabilities to 
jointly address market demand for real-time actionable insights, driven by the 
explosion of sensors and the accelerated digital transformation of all industry 
sectors.

As a result of the partnership, enterprises in sectors such as manufacturing, 
automotive, telecommunications and energy and utilities will have the ability 
to make 'in the moment' decisions for the automation and optimization of 
critical processes including the detection and automated correction of faults 
and the ability to run what-if analytics and machine learning-based models for 
sub-second decision-making. 

For firms in the financial services sector, where the transformative power of 
ultra-real-time analytics is well understood, it will deliver additional value 
in areas such as automated decision making on pricing and trading, real-time 
market surveillance, live exchange performance modelling and market impact and 
trade execution analytics. 

"Databricks is a leader in the field of data science, and the integration with 
KX helps marry data science with actionable continuous intelligence to reduce 
time-to-insight and time-to-value," says Gerry Buggy, Chief Strategy Officer at 
KX. "This partnership will provide even greater value to our existing financial 
services customers while bringing our world class streaming analytics 
technology to new industry sectors."

The KX Streaming Analytics platform – built on kdb+ the world's fastest time 
series database - empowers organizations to implement a process of continuous 
actionable intelligence where built-in machine learning and complex event 
processing allow quick decision-making and proactive automated actions to be 
executed at sub-second speeds.

Databricks' Lakehouse Platform helps organizations accelerate innovation by 
unifying data teams with an open, scalable platform for all of their 
data-driven use cases. From streaming analytics and AI to business intelligence 
(BI), Databricks provides a modern lakehouse architecture that unifies data 
engineering, data science, machine learning and analytics within a single 
collaborative platform.

"Databricks provides the data foundation to store and manage all data, 
analytics and AI in one common lakehouse platform," said Pankaj Duggar, Vice 
President of Product Partnerships at Databricks. "The partnership with KX helps 
customers bring real-time streaming data to Databricks for faster time to value 
on streaming analytics use cases."

Discussions are already underway with customers quick to see the value of the 
solution. KX will deliver a keynote and participate in a financial services 
panel discussion at Databricks' Data + AI Summit 2021 on May 27th.

About KX

KX, a leader in real-time streaming data analytics, is a part of First 
Derivatives, a global technology provider with 20 years of experience working 
with some of the world's largest finance, technology, automotive, manufacturing 
and energy institutions. KX Streaming Analytics, built on the kdb+ time-series 
database, is an industry leading high-performance, in-memory computing, 
streaming analytics and operational intelligence platform. It delivers the best 
possible performance and flexibility for high-volume, data-intensive analytics 
and applications across multiple industries. The Group operates from 15 offices 
across Europe, North America and Asia Pacific and employs more than 2,400 
people worldwide. 

For more information please visit www.kx.com.

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Source: KX