DORNBIRN, AUSTRIA. 8 MARCH 2022 – Crate.io, the data management company, today announced a new partnership with K2fly, a software company delivering environmental, social and governance (ESG) for the mining industry globally. With CrateDB, Crate.io’s enterprise-grade open-source database enabling data insights at scale, K2fly can now offer customers large data set analysis at speed whilst adhering to governance and regulations.
CrateDB offers K2fly the ability to unlock opportunities with the world’s largest mining companies that need to harness the large amounts of data they collect. CrateDB will support K2fly’s proposition for customers around Block Model Management and Governance.
Block Model Management is the process of evaluating potential sites for mining companies and analyzing these sites to better predict outcomes for mine planning scenarios with faster processing, accuracy and governance. This covers elements such as the volume and density of materials underground. The models are trusted by Geoscience, Technical Planning and Business Process teams, and assist in decision making. Block models produce a deluge of data and information, and this is where K2fly faced a problem. Due to the sheer amount of data collected, raised queries were slow to be processed through SQL Server – sometimes taking nearly thirty minutes.
In addition, mining companies, especially those that are listed companies, must adhere to governance and regulatory requirements around the value of assets. To do this, they are required to estimate assets based on the tonnage from sites they have underground. Data plays a critical role here in enabling companies to submit the correct estimations, which would result in penalties should they fail to estimate correctly. With models constantly changing, K2fly required a solution that could adapt to these shifts and perform when needed.
With CrateDB deployed alongside K2fly’s Block Model Management software, queries can be raised within a quarter of a second. CrateDB is also able to filter results to deliver exactly what is needed for analysis. For K2fly’s team, CrateDB can manage large data sets and operate at a higher level of performance consistently.
K2fly is a leading global software company that develops and delivers enterprise-wide technical assurance solutions for all aspects of environment, social and governance (ESG) performance. Their SaaS business has experienced rapid growth, with many tier one and tier two mining companies already on the client list, and a growing industry reputation for K2fly’s services and solutions. Head-quartered in Perth, Australia and with team members around the world, the environment is fast-paced and collaborative, partnering with clients to find innovative ways to solve problems and develop new ground-breaking solutions.
“This is a significant partnership for Crate.io as we look to introduce our capabilities to new industries. After working closely with the K2fly team to find a solution to their problem, it became clear that CrateDB is unrivalled in its ability to handle vast amounts of data and present it with SQL in a simple and intuitive way,” said Jason Tooker, VP Sales, Crate.io. “When you add in the speed and governance requirements for K2fly, we’ve shown the immense potential that Crate.io has to digitize a growing number of industries like mining.”
Mark Forster, Chief Development Officer, K2fly commented: “For our customers, this partnership will provide analytics capabilities that no other company can offer. That is why our partnership with Crate.io is so important for K2fly. This collaboration will help to manage massive 3D data sets of the world’s largest mining companies due to CrateDB’s technical capabilities. Speed, accuracy, and performance are the reasons we are extremely excited to partner with Crate.io moving forwards.”
For more information about Crate.io, visit www.crate.io.
For more information about K2fly, visit www.k2fly.com.
Crate.io is the developer of CrateDB, the enterprise-grade multi-model database, enabling data insights at scale. CrateDB’s ability to ingest and manage massive amounts of data from diverse sources empowers companies worldwide to turn data into business value. In November 2021 and after three years of development, Crate.io launched CrateOM, a smart manufacturing solution that drives Industry 5.0 initiatives by empowering shop-floor employees with real-time production data.
Crate.io was founded in 2013 and operates globally with offices in Germany, Austria, Switzerland, and the US. In 2021, Crate.io was named as an Honorable Mention in the 2021 Gartner Magic Quadrant for Cloud Database Management Systems and CrateDB won the IoT Evolution Industrial IoT Product of the Year Award. Clients maximizing their data potential with CrateDB include: Alpla, McAfee and Gantner.
K2fly is a new type of global software company that develops and delivers enterprise-wide technical assurance solutions for all aspects of environment, social and governance (ESG) performance. Head-quartered in Perth but with team members around the world, our environment is fast-paced and collaborative, partnering with clients to find innovative ways to solve problems and develop new ground-breaking solutions.
At K2fly, we believe in the importance of the natural resource industry and the role it can play in creating a more sustainable world. By providing more accurate insight and overview of ESG reporting, we help companies optimise their performance, from capital raising and financial outputs to environmental, heritage and community management. The quality, expertise and passion of our K2fly people are essential to our success. We see opportunities in problems, understand and value close working relationships with clients and want to make a difference in the ESG space.