Global technology specialist First Derivatives today announces that it has signed a letter of intent with the European Space Agency (ESA) to foster the development of disruptive applications in the commercial space market, based on its Kx technology. Under the agreement, Kx and ESA’s Business Applications (formerly Integrated Applications) Programme will work together to assist innovative start-ups seeking to use Kx technology as a platform technology for big data analytics in the commercial space market.
ESA is at the forefront of efforts to utilise satellite data to benefit European and global citizens and has identified support for key enabling technologies, such as analytics, as a priority to achieve its goals. Kx’s ability to analyse large volumes of historic and streaming data in real time makes it ideally suited as a platform for use cases ranging across sectors including transport, energy, safety, development and agriculture. The agreement with ESA strengthens Kx’s presence in the space market, following recent announcements such as a collaboration agreement with Airbus and the selection of Kx as its real-time analytics platform by Earth observation specialist 3DEO.