RiskTech Forum

Kx to power Gyana AI’s next generation analytics platform

Posted: 8 August 2018  |  Source: bobsguide

Kx, a division of First Derivatives plc, announces that its technology has been chosen by Gyana AI to power its behavioural analytics platform. Gyana’s technology enables its clients, who range from retailers and consulting firms to government agencies, to obtain deeper insights from the analysis of location data. The platform unlocks actionable insights on customer patterns, expansion opportunities and future potential from terabytes of geo-located datasets using big data and artificial intelligence technologies.

The increase in IoT and connected devices has resulted in an explosion of data and a digital record of customer actions and locations. Gyana’s in-house machine learning algorithms combine location data sets and identify key correlations, providing its clients with quantified insights into customer journey and competitor intelligence.

Kx technology is built on kdb+, the world’s fastest time series database, and is optimized to provide real-time, actionable insights. The speed and scalability of Kx technology allows Gyana to provide unparalleled customer analytics.

Joyeeta Das, Chief Executive Officer of Gyana, commented: “Our agreement with Kx follows an extensive testing period of several traditional database solutions, cloud providers and open source alternatives. We require technology that can process billions of IoT and telecommunications data points per day efficiently; both streaming and batch processing and the option of cloud or deployed. All of these things make Kx the ideal technology to help us to deliver to our clients”.

Brian Conlon, Chief Executive Officer of Kx, commented: “With the exponential growth of data due to IoT and sensors, the demand for data-driven insights continues to expand. Kx technology is built to provide data-driven insights in real time, making it the perfect database to power Gyana’s innovative platform.”