November 14, 2019 — KX, a division of First Derivatives, announces that it has partnered with DataRobot, the leader in enterprise AI, to offer financial institutions and IoT-driven industries a comprehensive, scalable high-performance solution for applying AI to time-series data. By integrating DataRobot’s Enterprise AI Platform with the KX database platform kdb+—the world’s fastest in-memory time-series database — the partnership, which was unveiled during the KX Innovation Day at Aston Martin Red Bull Racing headquarters, allows consumers of market data to quickly generate actionable insights for agile, strategic business decisions.
“AI is rapidly reshaping all industries, but none more than financial institutions,” said Rob Hegarty, General Manager of Financial Markets and Fintech at DataRobot. “So much of the world’s market data is in kdb+ due to its powerful time series capabilities and performance. The integration with DataRobot—the world leaders in enterprise AI at scale—will accelerate ROI and separate financial markets institutions’ performance from their peers.”
While organizations across industries are looking to implement competitive strategies incorporating machine learning models, the capital markets industry is particularly challenged by the sheer volume of financial market data and fragmented data sources that make it difficult to identify and combine relevant data. In addition, the wider industry tends to rely on manual and inefficient processes to address time-critical applications.
By integrating kdb+ with DataRobot’s Enterprise AI Platform—which features an Automated Time Series solution that automates every step of the time-aware machine learning process—market participants can solve these challenges much more effectively and quickly. The integration results in a single system to easily build, deploy, scale and manage sophisticated ML models and AI applications across various use cases, including trading, risk management, middle and back-office operations, compliance and surveillance. As a result, firms utilizing the integrated platform are able to be much more effective, productive and agile.
“The technology integration and partnership of DataRobot and KX is lowering the barrier between market data and value generation by providing organizations with a single, cohesive solution that unleashes AI-driven forecasting with previously unheard-of efficiency and effectiveness,” said Jay Schuren, General Manager of Time Series at DataRobot.
“The kdb+ time-series database is the smallest and fastest in the world, known across the financial industry for its speed, scalability and performance, and we are delighted to be partnering with DataRobot,” said Mark Sykes, COO, KX. “Firms deploying the DataRobot and KX time-series solutions together stand to gain immediate and unprecedented scale and speed over rival firms.”
To learn more about the DataRobot and KX partnership, visit: https://www.datarobot.com/partner/kx/
About KX
KX is a division of FD, a global technology provider with over 20 years of experience working with some of the world’s largest finance, technology, automotive, utilities and manufacturing institutions. KX technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. KX delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. The Group operates from 15 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,400 people worldwide.
For more information about KX please visit www.kx.com. For general enquiries, write to info@kx.com. For press inquiries, write to pr@firstderivatives.com
About DataRobot
DataRobot is the leader in enterprise AI, delivering trusted AI technology and ROI enablement services to global enterprises competing in today’s Intelligence Revolution. DataRobot’s enterprise AI platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. This platform maximizes business value by delivering AI at scale and continuously optimizing performance over time. The company’s proven combination of cutting edge software and world-class AI implementation, training, and support services, empowers any organization – regardless of size, industry, or resources – to drive better business outcomes with AI.
With a singular focus on AI since its inception, DataRobot has a proven track record of delivering AI with ROI. DataRobot has offices across the globe and $431 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech, and DFJ Growth. For more information, visit https://www.datarobot.com, and join the conversation on Twitter and LinkedIn.
