Qlik, a global leader in data integration, analytics, and AI, has recently acquired intellectual property and technology from Kyndi, a prominent player in natural language processing, search, and generative AI. This strategic move underscores Qlik’s dedication to advancing AI technologies and transforming the interpretation and processing of global unstructured data, a challenge faced by around 80% of organizations today.
The acquisition aims to bolster Qlik’s ability to provide authoritative answers to complex business questions by merging Qlik Cloud’s expertise in structured data with Kyndi’s innovative unstructured data technologies. As part of the deal, Kyndi’s CEO and leading AI experts will join Qlik, strengthening the company’s position as a transformative market leader in data utilization and AI.
By leveraging Kyndi’s proprietary technology, Qlik seeks to extract valuable insights from the growing sources of unstructured data, seamlessly integrating them with structured data analytics. This move reinforces Qlik’s AI leadership and empowers users with comprehensive, quality-assured insights, setting a new standard in the data analytics landscape.
James Fisher, Chief Strategy Officer at Qlik, emphasizes that the acquisition is a key step in Qlik’s AI vision, enhancing its ability to deliver rich, trusted answers to complex business questions. The integration of Kyndi’s unstructured data processing with Qlik’s structured analytics is expected to unlock richer and more actionable insights for customers.
Kyndi’s expertise enables Qlik to offer solutions for managing and curating answers, opening up new use cases for decision-making across diverse data sources. This acquisition sets the stage for Qlik to provide deeper insights and more informed decisions across a wide range of business scenarios.
Ryan Welsh, Founder and CEO of Kyndi, sees the acquisition as an opportunity for Qlik to deliver on the promise of generative AI. The incorporation of Kyndi’s innovations into Qlik’s technology will enable the merging of structured and unstructured data, empowering users with deeper insights.
This acquisition addresses the escalating volume of unstructured data globally. By integrating Kyndi’s technology into Qlik’s cloud solutions, decision intelligence is expected to be enhanced, providing more comprehensive answers and strengthening relevance and context. Additionally, the management and curation of enterprise data will be fortified, fostering trust and consistency while maintaining rigorous governance and security standards.
Mike Leone, Principal Analyst at Enterprise Strategy Group, considers Qlik’s acquisition of Kyndi’s assets as a significant move that reinforces its established AI credentials in the decision intelligence space. Qlik’s recognition of the importance of combined analysis of structured and unstructured data positions it at the forefront of innovative analytics.
This acquisition sets the groundwork for future product announcements, showcasing Qlik’s leadership in generative AI and facilitating the expansion of its capabilities and market presence.
