Empowering Transformation: Acquisition Strengthens Organizations’ Unstructured Data Interpretation and Processing
Qlik acquired key intellectual property from Kyndi, known for innovation in natural language processing and AI. This supports Qlik’s transformative approach to handling unstructured data, advancing its vision of providing precise answers to complex business questions. The acquisition combines Qlik Cloud’s structured data expertise with Kyndi’s unstructured data technologies, solidifying Qlik’s position as a market leader in data utilization.
“The acquisition of Kyndi’s assets represents a key step in Qlik’s AI vision, supporting our ability to deliver rich, trusted answers from complex business questions”
James Fisher, Qlik Chief Strategy Officer
By embracing Kyndi’s expertise and proprietary technology, Qlik steps forward in unlocking valuable insights from customers’ ever-growing reservoirs of unstructured data, integrating these insights seamlessly with structured data analytics. This move not only continues Qlik’s extensive track record in AI leadership, but also emphasizes its commitment to providing comprehensive, enterprise-wide solutions that address the critical need for in-depth analytics across all forms of data.
Addressing challenges in current answer engines, Kyndi’s expertise enables Qlik to offer innovative solutions for managing and curating answers, unlocking new use cases for decision-making from a vast spectrum of data sources. This empowers users with comprehensive, quality-assured insights, setting a new benchmark in the data analytics landscape.
James Fisher, Qlik Chief Strategy Officer, said, “The acquisition of Kyndi’s assets represents a key step in Qlik’s AI vision, supporting our ability to deliver rich, trusted answers from complex business questions. It enhances our established leadership in AI, ensuring that Kyndi’s innovative unstructured data processing combined with our powerful structured analytics will unlock richer and more actionable insights for our customers.”
Ryan Welsh, Founder and CEO of Kyndi, said, “I’m thrilled to join the Qlik team. Qlik is perfectly positioned to deliver on the promise of generative AI. We have a unique opportunity to enhance how AI-powered insights create value for customers.”
This acquisition directly addresses the rapidly growing volume of unstructured data in the world. Qlik’s incorporation of Kyndi’s technology into its cloud solutions enriches decision intelligence by providing more comprehensive answers with enhanced context and relevance. This advancement strengthens the management and curation of enterprise data, fostering trust and consistency across organizations while upholding stringent governance and security standards.
