Bangalore, February 24, 2023: Tech Data, a TD SYNNEX company, today announced the expansion of its AI (artificial intelligence) and predictive analytics solutions portfolio with a strategic partnership with Tangent Works – a leading predictive modeling and advanced forecasting company. Tech Data will be offering cloud-native technologies of Tangent Works to further strengthen its AI and predictive analytics solutions portfolio, while accelerating AI project adoptions across the IT ecosystem.
At launch, Tangent Works’ Tangent Information Modeler (TIM), an automatic model-building engine for time-series forecasting and anomaly detection, will be available in Singapore, Malaysia and India. Tangent Works’ TIM is highly effective in leveraging AI technology to improve operational efficiency in industries like energy, utilities, manufacturing, healthcare and FSI sectors.
Commenting on the development, Bennett Wong, Vice President, Advanced Solutions – Modern Data Centre & Analytics, Tech Data Asia Pacific and Japan (APJ), said “The global AI market size was valued at USD 93.5 billion in 2021 and in Asia Pacific and Japan it is projected to expand at a compound annual growth rate (CAGR) of 45% from 2022 to 2030 1 . The predictive analytics market in the region is expected to increase from USD 2.89 billion in 2022 to USD 9.59 billion by 2028 2 . Given this setting, we are excited to add Tangent Works to our Asia Pacific and
Japan portfolio, to empower ISVs, our partners, and their end-users with extended capabilities in addressing complex AI environment challenges via secure and simplified cloud-native technologies.”
Tangent Works’ TIM, a multi-award winner in the field of predictive models, engineers features and applies a highly efficient algorithm in a single step. As compared to expert-intensive AutoML, where users need to do feature engineering, model selection and tuning, the TIM hyper-automated engine covers all these steps in one pass of the data, bringing increased speed, efficiency, productivity and scalability.
“Time series forecasting, and anomaly detection are hard problems to solve. TIM makes it quick and easy for business users to benefit from predictive analytics,” said Tangent Works co- founder & CEO Henk De Metsenaere. “Together with Tech Data, we are bringing end-to-end predictive analytics solutions and consultancy to the Asia Pacific and Japan region. We are confident that by partnering with Tech Data, we will benefit from their global ecosystem of technology providers and partners.”
1 Grand View Research: Artificial Intelligence Market Size, Share & Trends Analysis Report By Solution, By Technology (Deep Learning, Machine Learning, Natural Language Processing, Machine Vision), By End Use, By Region, And Segment Forecasts, 2022 – 2030 2 Research and Markets: Asia Pacific Predictive Analytics Market Forecast to 2028