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“The effective use of data is about as fundamental to finance companies as the use of electricity. The creation of useful intelligence about customers, markets, pricing, etc. is the focus of an ever greater pool of talent, budget, heartache and triumph in our financial centers. Some banks are spending more than 10% of their yearly revenue on technology but CFOs fear that nearly half of that spend is being wasted, according to a recent Bloomberg piece. But the key to improving the effectiveness of the new data analytics may lie in making the data itself more intelligent. More specifically, it is the systematic creation and delivery of fresh, actionable intelligent data to the myriad analysts, bankers, customers, and everyone else on the front lines.”
Read More at BankBusinessNews
Founded by the creators of Apache Kylin, Kyligence Cloud provides an intelligent analytics performance layer that sits between data sources and BI tools. Kyligence features an AI-Augmented learning engine to ensure peak performance and vastly simplified data modeling. The result is sub-second query response time for BI, SQL, OLAP, and Excel users even against petabytes of data.
Kyligence is headquartered in San Jose, CA. Investors include Redpoint Ventures, Cisco, China Broadband Capital, Shunwei Capital, Eight Roads Ventures (the proprietary investment arm of Fidelity International Limited), and Coatue Management. Kyligence serves a global customer base that includes UBS, Costa, Appzen, McDonald’s, L’OREAL, Porsche, Xactly, China Merchants Bank, and China Construction Bank.
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