PR99878

NEW YORK and LONDON, April 3, 2023 /PRNewswire=KYODO JBN/ --

- Real-time analytics engine will help CGI Central Market Solutions to manage

and analyze large meter data volumes within new Central Energy Market

Information System

KX [https://kx.com/], maker of kdb, the world's fastest time series database

and analytics engine, will help optimize Polish utility operations through its

partnership with CGI [https://web.cgi.com/en]. PSE, the Polish TSO recently

selected CGI to implement a new Central Energy Market Information System

(CSIRE). KX, which is embedded within CGI Central Market Solutions (CMS), will

help manage large meter data volumes and highly complex analytics for the

project. The market size is estimated at 20 million metering points across the

country.

CSIRE is intended to simplify and enhance data exchange across Poland's retail

electricity market by unifying utility information processes and standards.

Through the system, CGI will help PSE collect and process the electricity

market information and metering data necessary to drive increased competition

in the retail energy market, facilitate new value-added services, implement new

business models and drive innovation.

Critical to its success is the efficient data management of these metering

points, which are expected to produce 7 billion readings per day. Enabled by

KX's highly performant time series data and analytics solution. CGI and PSE

will validate the incoming data and ensure the process data is available to all

market participants as well as provide aggregated data in support of market

settlements — driving benefits for PSE's nationwide operations as well as

Poland's households, enterprises and the retail utility sector as a whole

including:

- Increased competition in the retail energy market

- New business models and value-added services

- Improved engagement with consumers

- Reduced errors and more efficient energy use

"Meter data is computationally intensive, requiring the analysis and management

of huge volumes of streaming time series data. The KX Data Timehouse, with the

kdb+ time series database at its core, was designed to meet this moment," said

James Corcoran, Chief Growth Officer, KX. "We've witnessed the power utilities

gain by unlocking the insight within data to address the complexity of today's

energy environment and look forward to working with CGI again on one of the

largest energy market projects of its kind in the world to help achieve similar

success."

"We selected KX specifically for its ability to process and manage time series

data at speed and scale. The number of smart meters in use, and subsequently

the volume of data, will continue to increase significantly over time. Together

with KX, we are perfectly positioned to help Poland revolutionize the energy

sector and accelerate toward a smarter, cleaner, and more flexible energy

system, involving higher-frequency meter data and scaling toward real-time

data," said Mattijs van den Hoed, VP Consulting, CGI.

As energy market operators and participants cope with increasing regulation and

the demand to deliver additional services, KX technology continues to be the

high-performance partner for those seeking to become data-driven industry

leaders. In addition to CSIRE, CGI previously leveraged KX and its kdb+ time

series database — independently benchmarked as the world's fastest — to deliver

Fingrid Datahub 2.0 for the Finnish energy market in 2022, a solution which

aims to create a better experience for consumers while enabling greater

efficiency. For more information visit http://www.kx.com.

About CGI

Founded in 1976, CGI is among the largest independent IT and business

consulting services firms in the world. With 90,000 consultants and

professionals across the globe, CGI delivers an end-to-end portfolio of

capabilities, from strategic IT and business consulting to systems integration,

managed IT and business process services and intellectual property solutions.

CGI works with clients through a local relationship model complemented by a

global delivery network that helps clients digitally transform their

organizations and accelerate results. CGI Fiscal 2022 reported revenue is

$12.87 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).

Learn more at https://www.cgi.com/en.

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

platform 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 http://www.kx.com or contact: pr@kx.com.

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Source: KX