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Palo Alto (31 May 2016) – KX, a subsidiary of First Derivatives plc. (FD), and the leader in time-series analytics for streaming, real-time and historical data, is bringing its many years of expertise in financial markets to the rapidly-evolving world of IoT.
In independent tests KX technology has been shown to be many orders of magnitude faster than traditional technologies, retrieving data in microseconds rather than seconds, aggregating data in just milliseconds, not hours, and performing complex queries in seconds, compared to alternatives which can take hours or even weeks to perform comparable analyses.
Designed for speed, KX enables IoT streaming analytics, which are fueling business innovation, and becoming essential for organizations to react in real-time to the information they are collecting and processing as part of their business functions.
In the latest KX report “Opportunities and Challenges of Streaming Analytics and In-memory Computing” featuring Gartner Research, KX technology is shown to directly address the requirements of streaming analytics.
Gartner forecasts that there will be over 6 billion connected devices in use worldwide in 2016. This figure is estimated to reach 21 billion by 2020 and clearly will continue to increase dramatically. In 2016 alone 5.5 million new ‘things’ will get connected every day. These devices capture vast quantities of data, but it will take a system like KX to turn this ocean of data into valuable insight and action.
Przemek Tomczak, SVP IoT and Utilities at KX Systems, says: “As IoT evolves and becomes the ‘Internet of Everything’, exciting new opportunities are emerging. This requires data to be processed and analyzed in real-time, blending streaming and historical data from a diverse set of sources. Firms will then be able to reap significant benefits, including improved business operations, better relationships with and service for customers, the ability to develop new products and services and a reduction in costs, to name but a few.”
Tomczak continues: “KX has over 20 years’ experience in financial markets, capturing, crunching and analyzing massive quantities of data, at record speeds. We are now making our technology available to the IoT market, where there is an urgent need for such tools. Our high-performance database and time-series analytics facilitate exceptionally fast processing of sensor data, delivering knowledge, i.e. actionable information, in real-time.”
Presenting at CommunicAsia (to be held in Singapore) Tomczak will talk about the results of the application of KX technology in an IoT use case involving over 300 billion sensor measurements and millions of sensors.
Please see us at CommunicAsia at stand BJ2-07, 31 May – 2 June
KX has been a pioneer and trusted performance leader for in-memory computing, streaming analytics and operational intelligence for over two decades. More than 100 major corporations, including the world’s largest banks, brokers and regulators rely on our unique technology to address the challenges posed by exploding volumes of information and ever-faster data. As the Internet of Things transforms the world, new industries are using KX technology because of our unique experience with real-time and historic time-series data.
We are dedicated to our clients’ success. As a vertically integrated software firm, we help clients avoid risk and support their success by providing tools, solutions and services. We have an unrivaled tradition of valued innovation and complement our technology with outstanding support and a global engineering team.
KX is a division of First Derivatives plc. (FD). FD is quoted on the London Stock Exchange (FDP:LN) and is a global supplier of software and consulting services. FD has had double-digit revenue growth every year since it was incorporated in 1996.
Anne-Charlotte Duhaut / Alla Lapidus
Tel: +44 (0) 20 7250 4770