Bristol, United Kingdom, June 2020
Smartia turbocharges its industrial intelligence platform MAIO with Kx, the world’s fastest in-memory time series database
Smartia headquartered in Bristol will benefit from technology and support from Kx, the technology division of First Derivatives. Kx and its database technology will be used to accelerate business growth and provide further benefits to customers.
By integrating MAIO with the Kx database platform, (the world’s fastest in-memory time series database), it will allow consumers of industrial data to quickly generate actionable insights for agile and strategic business decisions. Smartia deliver production ready AI and Machine Learning solutions that can be deployed at scale.
Companies are now starting to recognise that there is huge value in the data they create and hold allowing them to start planning on how to capitalise on that value as quickly as possible. The manufacturing and engineering sectors are one of the largest producers of data and it stems from production equipment, machines, sensors and other operational data sources.
Mauro Arruda, CEO of Smartia comments, “2020 will see AI & ML technologies become more targeted and more project-driven, more focused on achieving small, solid improvements that lead to big rewards. Companies big and small are beginning to realise that they actually don’t need to “go big with AI”. They just have to keep taking the right, small steps to reach new heights in process improvement. We are seeing industrial companies up and down the country using these technologies to lower production costs and improve outputs”
Some of the jaw dropping statistics that support the adoption of technologies such as MAIO, which combines Industrial IOT and AI applications include,
- 90% of the world’s data has been created in the last two years alone
- Most companies only analyse 12% of the data they have
- Global Industrial IOT expenditure to reach $500 billion next year
- Industrial AI could add £650b GVA through 25% higher productivity in the UK by 2027
- European manufacturing industry is expected to spend £40b in AI & IOT this year alone
For more information on Smartia and MAIO, please do not hesitate to get in touch, email@example.com
Kx is a division of First Derivatives Plc, a global technology provider with over 20 years of experience working with some of the world’s largest finance, technology, retail, pharma, manufacturing and energy 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 14 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,400 people worldwide.
A new dimension in industrial intelligence, Smartia provides scalable AI solutions that connect and transform industrial data into actionable insights. MAIO, Smartia’s industrial intelligence platform combines edge computing, big data technology and AI-driven applications to provide a complete digital solution for the manufacturing and engineering industries. Smartia also offers an AI and Machine Learning application development service that is tailored to the customer’s needs.