KX, a real-time streaming analytics platform, has 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,” the company said in a statement.
The statement added, “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.”
“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.”
“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.”
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