Qlik®a global leader in data integration, analytics and AI, today announced the acquisition of critical intellectual property (patents and technology) from Kyndi, an innovator in natural language processing, search and generative AI. This acquisition will support a transformative approach to how organizations interpret and process unstructured data. Kyndi CEO and leading AI experts will join Qlik as part of the acquisition. The move represents a substantial step forward in Qlik’s vision of providing accurate, context-rich answers to complex business questions. The acquisition leverages the combination of Qlik Cloud’s structured data mastery with Kyndi’s pioneering unstructured data technologies, strengthening Qlik’s position as a transformative market leader in how organizations use data. data.
By adopting Kyndi’s expertise and proprietary technology, Qlik is making progress in unlocking valuable insights from customers’ ever-growing reservoirs of unstructured data, integrating these insights seamlessly with structured data analytics. This move not only confirms Qlik’s long track record of AI leadership, but also underscores its commitment to providing comprehensive, enterprise-wide solutions that address the critical need for deep analytics across all forms of data.
Addressing the challenges of today’s response engines, Kyndi’s expertise enables Qlik to deliver innovative solutions for managing and organizing responses, paving the way for new use cases for decision-making from a wide spectrum of data sources. This gives users comprehensive, quality-assured insights, setting a new benchmark in the data analytics landscape.
James Fisher, Chief Strategy Officer of Qlik, said: “The acquisition of Kyndi’s assets represents a key milestone in Qlik’s AI vision, strengthening our ability to provide rich, trusted answers to business questions. complex. Innovative processing of unstructured data, combined with our powerful structured analytics, will enable our customers to benefit from richer, more actionable insights.
Ryan Welsh, Founder and CEO of Kyndi, said: “I am excited to join the Qlik team. Qlik is perfectly positioned to deliver on the promise of generative AI. We have a unique opportunity to improve the way AI-driven insights create value for The introduction of our innovations in Qlik technology will enable the fusion of structured and unstructured data, providing users with insights deeper insights and more informed decisions across a wide range of business scenarios.
Nathan Hoover, Innovations Supervisor at UPS, said: “The evolution of Qlik’s AI portfolio demonstrates the remarkable potential of continued collaboration. Qlik’s commitment to driving innovation in AI aligns with UPS’s commitment to leveraging cutting-edge technologies for business transformation. The future looks promising.
This acquisition is a direct response to the rapid growth in the volume of unstructured data around the world. Qlik’s integration of Kyndi technology into its cloud solutions enriches business intelligence by providing more complete answers with improved context and relevance. This advancement strengthens enterprise data management and retention, fostering trust and consistency across organizations while maintaining strict governance and security standards.
Mike Leone, Principal Analyst at Enterprise Strategy Group, commented: “Qlik’s acquisition of Kyndi’s assets is an important step that strengthens its already established AI credentials and vision in the business intelligence space. Recognizing the importance of enabling the combined analysis of structured and unstructured data, Qlik has positioned itself at the forefront of innovative analytics. Anticipating the rise of unstructured data analytics, this will enable Qlik customers to gain better insights that will improve decision-making across various industries.
This acquisition lays the foundation for upcoming innovative product announcements, which will be revealed during the Qlik Connect in Orlando, Florida June 3-5, 2024. It highlights Qlik’s leadership in generative AI, expanding its capabilities and market presence.
About Qlik
Qlik converts complex data landscapes into actionable insights, driving strategic business outcomes. Serving more than 40,000 customers worldwide, our portfolio leverages advanced enterprise-grade AI/ML and ubiquitous data quality. We excel at data integration and governance, providing comprehensive solutions that work with diverse data sources. Qlik’s intuitive analytics reveal hidden patterns, enabling teams to tackle complex challenges and seize new opportunities. Our AI/ML tools, both practical and scalable, enable you to make better decisions, faster. As strategic partners, our platform-agnostic technology and expertise make our customers more competitive.
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