This week ESA has signed a letter of intent with First Derivatives (FD) - a global technology provider working with some of the world’s largest finance, technology, manufacturing and energy institutions. Our aim is to foster the development of disruptive applications in the commercial space market by assisting innovative start-ups that are seeking to use Kx Technology as a platform for big data analytics. Kx is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence and this non-exclusive arrangement is intended to facilitate access to those capabilities.
ESA Business Applications is dedicated to the development and implementation of space-enabled applications leading to innovative, sustainable services, so all activities will be undertaken within this framework.
Being at the forefront of efforts to use satellite data to benefit the European and global population, we have identified how to support key enabling technologies, such as analytics, as a priority to achieve our goals.
With its abilities to analyse large volumes of historical and streaming data in real-time, Kx Technology is well suited for this, providing a platform for use in areas such as:
- Machine Learning
- Life Sciences
Following detailed discussions around opportunities to address specific data challenges, ESA Business Applications and FD will foster the development of innovative applications based on Kx and work to raise awareness of this technology within the commercial space market.
Elia Montanari from ESA Business Applications: “Developing a business by extracting meaningful information from space derived data rests in the hand of clever people and machines. ESA and Kx technology offer novel resources and tools to reduce complexity and distil precious information. SME and large companies alike are set to benefit from this alliance.”
Brian Conlon, Chief Executive Officer of FD: “The commercial space market is flourishing, leading to increasing demand for advanced technologies such as Kx to analyse the data generated by the rapid growth in the number of satellites in orbit. Kx’s ultra-high performance capabilities are ideally suited to meet these challenges and we look forward to working with ESA to support the development of commercial space applications.”