Williams Racing has announced a new Official Supplier, KX, a global leader in real-time streaming analytics, which is part of First Derivatives plc, a global technology provider with 20 years of experience working with some of the world’s largest finance, technology, automotive, manufacturing and energy institutions.
The agreement will see KX implement a total analytics solution, combining real-time analytics, a time-series database, complex event processing, machine learning and data visualisation tools in one platform. This will significantly enhance the analytical capabilities of Williams Racing, supporting the continuous development and improvement of the FW43B on track and wider operational performance.
Whether on the track, in the garage or at the factory, the ability to capture and analyse data in real-time is a critical requirement for Formula One teams. The KX platform gives Williams Racing a single point of access to all data regardless of system, format and location. Designed to be highly scalable, it will simultaneously reduce data capture and reporting times while increasing analytical performance.
Built on kdb+ – the world’s fastest time-series database – the KX platform excels at enabling the near instantaneous analysis of real-time and historic data. It is expected to deliver significant efficiency and utilization benefits right across the team – from maximising regulation wind tunnel testing time to reducing labour intensive tasks.
Tim Hunt, Commercial and Marketing Director for Williams Racing, said: “KX share a similar passion to Williams, one of ambition and success. As we continue to progress as a team, we are delighted to announce this partnership with KX, casting a spotlight on real-time streaming analytics.
„The agreement will see the team continue to develop both on and off the track by improving our analytical capabilities. We look forward to working with KX throughout the 2021 season and beyond,” Hunt concluded.
Seamus Keating, CEO of KX, added: “Williams Racing is one of Formula One’s most iconic names and we’re delighted to be working with them at the beginning of a new chapter in their history. Like racing cars, KX is built for speed and efficiency.
„From our early days working with financial institutions to solve complex data challenges at ultra-low latency, we have since expanded into other industries where the need for the real-time capture and analysis of data is a critical differentiator. Motorsports is known as an industry where milliseconds can make all the difference and we are excited to see what we can achieve together,” Seamus said.