LONDON: First Derivatives Plc (FD) has signed a global partnership agreement with Tata Consultancy Services (TCS), a leading global IT services organization, to develop and deploy solutions based on Kx technology and targeted at TCS’s client base across multiple industries.

TCS has been the growth and transformation partner to leading corporations across industry verticals, helping them harness the power of IoT, AI and Machine learning to reimagine their business models.

Using its IoT framework, Bringing Life to Things™, TCS has been helping customers build predictive and self-aware systems that can sense and intelligently respond to changes in the physical environment. Under the terms of this partnership, Kx will be used within TCS’s transformative solutions as the time series database for the collection of fast-moving data from machines.

“TCS’ IoT and data and analytics solutions help customers across industry verticals improve manufacturing operations, reimagine business models, and enhance customer experience,” said Regu Ayyaswamy, Global Head, IoT & Engineering and Industrial Services, TCS.

“Kx complements our real-time data management and AI-based smart analytics offerings, and we are pleased to partner with FD to leverage this technology and ensure further enhanced outcomes for our customers.”

Seamus Keating, CEO, FD commented: “We have been impressed with the commitment shown by TCS and excited by the potential to accelerate our route to market across industries that this partnership provides. We look forward to working with TCS by combining their industry and domain expertise and our world-leading Kx platform.”