PR99798

NEW YORK and LONDON, March 20, 2023 /PRNewswire=KYODO JBN/--

Representing a significant milestone for its strategic partnership with

Microsoft, KX today announces the general availability of kdb Insights

Enterprise on Microsoft Azure, an enterprise-ready, real-time analytics engine

with the world’s fastest time-series database (kdb) at its core, running

natively on Azure.

It represents the industry-first Data Timehouse, a new class of data and AI

management platform designed for temporal data generated by digital

transformation. It provides data scientists and application developers with

precision access to temporal data on real-time and massive historical datasets

with the Azure native tools they use today.

Engineered by KX, kdb Insights Enterprise on Microsoft Azure enables businesses

to transform into real-time intelligent enterprises, with preview customers

reporting up to 100x the performance at one tenth of the cost of competing

solutions.  

KX has developed a go-to-market strategy to target those businesses where the

processing and analysis of time series and machine data is a critical business

requirement. Customers also benefit from being able to use their Azure

Consumption Credits, simplifying adoption, billing and payment.

Also announced today is the first customer win for the new service, with Syneos

Health signing a multi-year subscription contract to leverage the power of kdb

Insights Enterprise on Microsoft Azure to significantly reduce the time it

takes to execute clinical trials and discover new drug treatments. The

agreement with Syneos Health will see KX deployed across a variety of use cases

– including disease modelling for virtual clinical trials and patient journey

mapping – to enable Syneos Health to drive greater value from faster clinical

trials, increase the likelihood of successful trials and bring new drugs to

market faster.

Ashok Reddy, KX CEO, commented: “The launch of kdb Insights Enterprise on

Microsoft Azure as a first party service is a watershed moment for KX.

Representing the industry’s first Data Timehouse, it enriches data warehouse

and lakehouse technologies and gives customers access to the power and

performance of kdb with all the benefits of the Azure platform. It enables

companies in all sectors to accelerate their AI and ML analytics workloads,

putting data driven decision science at the very heart of their business for

enhanced operational and commercial outcomes. We continue to see enormous

opportunity for our strategic partnership with Microsoft, helping to underpin

our growth expectations.”

Larry Pickett, Chief Information & Digital Officer, Syneos Health said: “Our

collaboration with KX and Azure has been instrumental in helping further

advance our technology and data capabilities with the goal of accelerating

development of new therapies for patients. Together, we are working to use the

power of data analytics and AI to unblock data access and compute challenges,

to compress both timeframes and costs. We’re thrilled to take our work to the

next level and deliver even stronger results for customers with kdb Insights

Enterprise on Azure.”

Corey Sanders, Corporate Vice President of Microsoft Cloud for Industry said:

“In partnership with KX, we’re excited to launch one of the industry’s first

data timehouse on the Azure platform. While in preview, we have already seen

impressive results for customers in capital markets, healthcare, manufacturing,

and energy. We look forward to working with KX to help businesses achieve

transformative growth with kdb Insights Enterprise on Azure.”

About KX

Our mission is to accelerate the speed of data and AI-driven business

innovation enabling customers to transform into real-time, intelligent

enterprises. Built for the most demanding data environments, our Data Timehouse

software is trusted by the world’s top investment banks and hedge funds, and

leading companies in the life and health sciences, semiconductor,

telecommunications, and manufacturing industries.

At the heart of our technology is the kdb time series database and analytics

engine, independently benchmarked as the fastest on the market. It can process

and analyze time series and historical data at unmatched speed and scale,

empowering developers, data scientists, and data engineers to build

high-performance data-driven applications and turbo-charge their favorite

analytics tools in the cloud, on-premise, or at the edge.

Ultimately, our technology enables the discovery of richer, actionable insights

for faster decision making which drives competitive advantage and

transformative growth for our customers.

KX operates from more than 15 offices across North America, Europe and Asia

Pacific. For more information visit www.kx.com or contact: pr@kx.com

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Source: KX