TIM makes it quick and easy for business users to benefit from predictive analytics,” said Tangent Works co-founder &CEO Henk De Metsenaere. “Time series forecasting, and anomaly detection are hard problems to solve. As compared to expert intensive Auto ML, 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. 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. 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.”

The predictive analytics market in the region is expected to increase from USD 2.89billion in 2022 to USD 9.59billion by 2028 2. 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.

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