Kinetica, provider of the world’s fastest next-generation analytics database, today announced its official entry into the South Korean market through a partnership with UClick, a well-established total business solutions provider. Together, Kinetica and UClick will bring a new generation of databases accelerated by NVIDIA GPUs to help solve the challenges of local enterprises around processing large amounts of real-time streaming data. With the increased adoption of artificial intelligence (AI)-based technologies and Internet of Things (IoT) in Korea, Kinetica will be a key enabler for various industries including energy, financial services, healthcare, manufacturing, retail, and telecommunications, to use real-time analytics to improve their business outcomes.
“UClick has built a strong customer base in the Korean market working alongside some of the largest enterprise technology companies. Kinetica’s addition in our portfolio complements our enterprise data platforms offering and broadens opportunity for us to leverage the increased demand for business solutions associated with the rise of big data, AI and IoT adoption,” said Nam Han Eom, CEO at UClick.
The Asia Pacific region has been reported as the third largest market for big data and analytics solutions and is expected to experience the fastest growth at a compound annual growth rate (CAGR) of 14.4% by 2022 in big data and business analytics spending. South Korea has been identified as one of the key markets driving this growth and harnessing big data, AI and IoT technologies, along with Japan, Singapore, Australia and New Zealand.
“South Korea presents a lucrative opportunity for data analytics as we see many conglomerates, enterprises, and the government having implemented GPU servers to meet the demands of machine learning and deep learning workloads,” said Joseph Lee, vice president, Asia Pacific at Kinetica. “Actionable intelligence is becoming a critical driver to business success today. It is increasingly important for companies to leverage valuable information collected to make vital business decisions, not only accurately, but also in real-time. We are thrilled with the opportunities to partner with forward thinking enterprises in Korea.”
Kinetica’s next-generation database solution will allow enterprises to make a phenomenal shift, by bringing together both BI and AI on a single platform. As opposed to most other legacy systems which run on CPU cores only, Kinetica’s database, which runs on NVIDIA GPUs, can support parallel data processing 100 times faster and at only a tenth of the hardware cost. Its enterprise-grade functionality delivers high scalability and can be installed on premise or run in the cloud via Amazon Web Services, Microsoft Azure and Google Cloud.
“AI is pervasive and is in every part of smart city – autonomous driving, smart grid, healthcare are all based on AI technology. This results in massive amounts of data being created, which if analyzed by businesses, creates even greater opportunities for future innovation. Kinetica’s database solutions open a new area in analytics where it is challenging to perform data analytics with traditional data platforms. For example, real-time geo-spatial analytics and visualization is made possible using Kinetica and NVIDIA’s Tesla GPU. This makes Kinetica and NVIDIA a good choice for new service initiatives in the smart city development,” said Eung Jun Yoo, Korea enterprise country manager at NVIDIA.
Based in South Korea, UClick is a highly skilled business transformation expert group in the fourth industrial revolution era. With a proven track record in information and communications technology (ICT), UClick has been helping companies solve their business challenges and to improve their business outcomes. For more information, visit http://www.uclick.co.kr/
Kinetica helps many of the world’s largest companies solve some of the world’s most complex problems, including Citibank, GSK, OVO, Softbank, and Telkomsel, among others. The Kinetica Streaming Data Warehouse combines historical and streaming data analysis with powerful location intelligence and AI in a single platform, all easily accessible via API and SQL, for instant results. Organizations across automotive, energy, telecommunications, retail, healthcare, financial services, and beyond can load and analyze their entire collection of data simultaneously, delivering instant insight. Kinetica has a rich partner ecosystem, including Dell, HP, IBM, NVIDIA, and Oracle, and is privately held, backed by leading global venture capital firms Canvas Ventures, Citi Ventures, GreatPoint Ventures, and Meritech Capital Partners. For more information and to try Kinetica, visit kinetica.com or follow us on LinkedIn and Twitter.