Qlik Bolsters AI Data Analytics with Kyndi’s Technology Acquisition

Qlik, a distinguished expert in data integration, analytics, and AI, has recently announced the acquisition of intellectual property and technology from Kyndi, a prominent player in natural language processing, search, and generative AI. This strategic move highlights Qlik’s ongoing commitment to advancing AI technologies and its mission to revolutionize the interpretation and processing of global unstructured data, a challenge currently faced by approximately 80% of organisations.

The acquisition aims to enhance Qlik’s capability to deliver authoritative, contextually rich answers to complex business questions by combining Qlik Cloud’s proficiency in structured data with Kyndi’s innovative unstructured data technologies. As part of the agreement, Kyndi’s CEO and leading AI experts will now be joining Qlik, further solidifying the collaboration between the two entities.

By leveraging Kyndi’s proprietary technology, Qlik is laying the foundation to extract valuable insights from customers’ expanding sources of unstructured data and seamlessly integrate these insights with structured data analytics. This move reaffirms Qlik’s status as a pioneering market leader in data utilisation and reinforces the company’s impressive track record in AI leadership.

This strategic acquisition will enable Qlik to offer solutions for managing and curating answers, opening up new use cases for decision-making across various data sources. Consequently, users will gain access to comprehensive, quality-assured insights, setting a new standard in the data analytics landscape.

James Fisher, Chief Strategy Officer at Qlik, expressed his enthusiasm about the acquisition, stating, “The acquisition of Kyndi’s assets represents a critical step in Qlik’s AI vision, strengthening our ability to deliver rich, trusted answers to 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, also commented on the development, saying, “Qlik is in the perfect position to deliver on the promise of generative AI. We have a unique opportunity to enhance how AI-powered insights create value for customers. Introducing our innovations into Qlik’s technology will enable the merging of structured and unstructured data, thereby empowering users with deeper insights and more informed decisions across a wide range of business scenarios.”

This acquisition is particularly timely in light of the rapidly increasing volume of unstructured data worldwide. Integrating Kyndi’s technology into Qlik’s cloud solutions will enhance decision intelligence by providing more comprehensive answers and reinforcing relevance and context. Furthermore, it will bolster the management and curation of enterprise data, fostering trust and consistency throughout organisations while maintaining rigorous governance and security standards.

Notable industry analyst Mike Leone, Principal Analyst at Enterprise Strategy Group, also provided insights on the acquisition, commenting, “Qlik’s acquisition of Kyndi’s assets is a significant move that reinforces its already established AI credentials and vision in the decision intelligence space. Recognising the criticality of enabling the combined analysis of structured and unstructured data, Qlik has positioned itself at the forefront of innovative analytics.”

In conclusion, this acquisition sets the stage for future product announcements, demonstrating Qlik’s leadership in generative AI and facilitating its expansion of capabilities and market presence.