KX and DataArt team up for a simplified cloud migration at a fraction of the cost
“Our partnership with DataArt means that customers can leverage the same technology that powers Wall Street within their cloud service, providing the infrastructure they need to fully exploit the capabilities of AI and ML while addressing their most pressing challenges.”
DataArt offers a range of services to clients, including assessment and migration planning, cloud enablement services, custom software engineering and development, legacy modernization, AI and ML, data and analytics consulting services, among others.
DataArt, a global software engineering firm, and KX, maker of the KDB.AI vector database, are thrilled to announce
KX and DataArt have announced a strategic partnership aimed at addressing the most pressing customer challenges when migrating real-time analytics, machine learning (ML), and artificial intelligence (AI) workloads to the cloud.
The partnership will initially focus on the capital markets and financial services sectors. Still, plans are in place to extend this high-performance, cost-effective solution to other industries, including healthcare and life sciences, manufacturing, retail, telecommunications, and media and entertainment.
Wall Street on the cloud and powered by AI and ML
The team-up between KX and DataArt will offer a solution for firms looking to upgrade their data platforms, improve the aggregation, distribution, and governance of market and reference data, and supercharge their financial data management capabilities, at a time of strong growth in AI, with the market forecast to add up to $340bn annually to the global banking sector alone.
DataArt, an AWS Advanced Consulting Partner, will enhance KX’s cloud-native, time series, and vector database technology, delivering up to 100x performance at 1/10th the cost in order to address the dual challenge of ballooning costs and lagging performance of data-intensive applications.
KX, which has recently launched AWS FinSpace managed service KDB Insights, will leverage DataArt to enable financial services clients to rapidly deploy full-scale KDB applications for market data processing, analytics, and AI workloads.
The partnership aims to accelerate clients’ journey to become real-time, intelligent enterprises by simplifying the complexity and reducing the costs that more than two-thirds of enterprises cite as major barriers to cloud migration.
Sean Maloy, AWS Alliance Sales Lead at DataArt, said: “Our extensive experience in cloud migration and transformation, coupled with our adept software engineers, will help KX’s clients innovate and deliver on their data and analytics swiftly, and at a fraction of the typical cost.”
James Corcoran, Chief Growth Officer at KX, added: “Our partnership with DataArt means that customers can leverage the same technology that powers Wall Street within their cloud service, providing the infrastructure they need to fully exploit the capabilities of AI and ML while addressing their most pressing challenges.”
