Qlik Acquires Kyndi’s Intellectual Property and Technology to Advance AI Technologies
Qlik, a global expert in data integration, analytics, and AI, has recently made an exciting announcement regarding its acquisition of intellectual property and technology from Kyndi, a leading player in the fields of natural language processing, search, and generative AI. This strategic move by Qlik reinforces the company’s commitment to advancing AI technologies and its mission to transform the interpretation and processing of global unstructured data. With around 80% of organizations currently struggling with such data, this acquisition is set to address a significant challenge faced by businesses worldwide.
Unlocking Valuable Insights: Qlik’s Innovative Approach to Unstructured Data Analytics
By acquiring Kyndi’s proprietary technology, Qlik is positioning itself as a pioneer in unlocking valuable insights from customers’ ever-growing sources of unstructured data. This acquisition will seamlessly integrate the power of structured data analytics from Qlik Cloud with Kyndi’s innovative unstructured data technologies, enabling Qlik to provide authoritative and contextually rich answers to complex business questions. With Kyndi’s CEO and leading AI experts joining Qlik in this deal, the company is solidifying its position as a market leader in leveraging data analytics to drive transformative business outcomes.
Setting a New Standard in Data Analytics: Qlik’s Vision for AI-powered Decision-making
Qlik’s acquisition of Kyndi’s assets opens up new use cases for decision-making across a vast range of data sources. By managing and curating answers, Qlik will empower users with comprehensive, quality-assured insights, setting a new standard in the data analytics landscape. With this enhanced ability to deliver rich and trusted answers, Qlik is ensuring that its customers can make more informed decisions based on deeper insights.
Qlik’s AI Vision: Harnessing the Power of Generative AI
James Fisher, Chief Strategy Officer at Qlik, emphasizes the significance of this acquisition and its role in Qlik’s AI vision. By combining Kyndi’s innovative unstructured data processing with Qlik’s established leadership in AI and structured analytics, the company is set to unlock richer and more actionable insights for its customers. This integration of structured and unstructured data will enable users to gain deeper insights and make more informed decisions across a wide range of business scenarios.
Reinforcing Qlik’s AI Leadership and Facilitating Future Expansion
Qlik’s acquisition of Kyndi’s assets strengthens the company’s position as a leader in generative AI and decision intelligence. By recognizing the criticality of analyzing both structured and unstructured data, Qlik is at the forefront of innovative analytics. This strategic move by Qlik lays the groundwork for future product announcements and further demonstrates the company’s commitment to expanding its capabilities and market presence in the AI space.
Addressing the Global Challenge of Unstructured Data
The rapidly increasing volume of unstructured data worldwide poses a significant challenge for organizations. Qlik’s incorporation of Kyndi’s technology into its cloud solutions aims to enhance decision intelligence by providing more comprehensive answers and bolstering relevance and context. Additionally, this acquisition strengthens Qlik’s ability to manage and curate enterprise data, fostering trust and consistency throughout organizations while maintaining rigorous governance and security standards.
Analyst comment
Positive news.
As an analyst, the acquisition of Kyndi’s intellectual property and technology will position Qlik as a market leader in leveraging data analytics and AI technologies. The integration of structured and unstructured data will unlock valuable insights, set a new standard in data analytics, and empower users to make more informed decisions. This strategic move strengthens Qlik’s position in the AI space and lays the groundwork for future expansion and product announcements.
