The partnership accelerates Amygda’s development of its sensor data observability platform by integrating KX’s high-frequency analytics technology, bringing the speed and robustness of investment banking technology to asset-intensive industries like rail, aerospace, and IOT4.0 businesses.
In an increasingly data-driven era, industrial asset owners and operators are looking for ways to find insights from the high volume of data they are collecting to achieve various business outcomes.
Amygda, an AI-driven sensor data observability platform, helps industrial businesses change how they do asset management by providing them with the visibility into their equipment data and the insight to act on this information. First customers of Amygda include industrial businesses utilising data to reduce unnecessary maintenance costs, and implement predictive maintenance strategies.
“Asset-intensive industries have invested a lot in data sensing and acquisition, what they want, now, is to derive actionable insights from that high volume of data. Amygda is unique in that we are building an equipment and industry agnostic observability platform. Our goal is to help industrial businesses monitor the health of their assets, optimise maintenance strategy, and deliver smart asset management. This partnership with KX gives us an edge in regard to reducing the time-to-value for our customers from 6 months to 6 weeks.” said Faizan Patankar, Chief Executive Officer of Amygda.
KX is an acknowledged industry leader in real-time analytics and time-series data. Its streaming analytics platform incorporates kdb+, the world’s fastest time-series database. It recently announced a significant update to its cloud-native real-time analytics platform KX Insights.
“The integration of KX with Amygda’s platform is a great use case for how our market leading real-time analytics technology can be applied across multiple industries to deliver real business value, “said Paul Hollway, Head of Partnerships at KX . “Whether it’s increasing operational efficiency or enabling measurable competitive advantage, KX can be game changing for firms in industries as diverse as banking and hi-tech manufacturing. We’re excited to be working with Amygda as it takes its platform to market.”
Amygda is a VC-funded UK tech company founded by ex-Rolls-Royce engineers, with experience in asset-intensive industries. The startup was recently featured as one of Europe’s Top Data-led Startups by The Next Web and is tracked on multiple industrial analytics market maps for asset management.
KX, the leading technology for real-time continuous intelligence, is part of FD Technologies plc, a group of data-driven businesses that unlock the value of insight, hindsight, and foresight to drive organizations forward. KX Streaming Analytics, built on the kdb+ time-series database, is an industry leading high-performance, in-memory computing, streaming analytics and operational intelligence platform. It 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 and employs more than 3,000 people worldwide.