London, 5th April, 2022: KX Today results showed that KX Insights, by setting up its real-time data management and analytics platform, could realize a return on investment (ROI) for 315% of companies in the manufacturing sector in three years and make a payment in less than six months. .
The results come from a new Forrester Consulting study that quantifies four significant commercial benefits realized by businesses implementing KX Insights, including several significant improvements in process and cost.
According to the survey, a composite company implementing KX (see methodology) could enjoy a benefit of $ 5.72M over three years at a cost of $ 1.38M, which adds a net current value (NPV) of $ 4.34M and a 315% return on investment.
The four measured commercial advantages of setting up KX include:
- Significant cost savings for data management and manipulation that can be reinvested in other data projects and innovations.
- Fast product replication with customers enables 85% faster development, production and network modification than their previous capacity.
- Thanks to improved product reliability for more powerful testing and in-depth statistical analysis and the ability to test in real-time.
- Reduced costs for unnecessary backup components and infrastructure thanks to greater product reliability and a deeper understanding of processes.
Kathy Snyder, Chief Marketing Officer, KX, says: “A seismic shift is affecting how businesses gain and retain their competitive edge, and that shift is a huge increase in real-time data and the value locked in. In today’s data-intensive environment for companies To be successful, they need a state-of-the-art technology platform that can capture, process and analyze real-time and historical data at speed and scale.
According to studies, and before the implementation of KX Insights, real-time data management and analysis was often performed through the patchwork of expensive, different legacy systems. This makes fast, automated decision-making difficult and expensive, based on real-time business insights. Moreover, companies lost critical results that could provide significant operational and commercial benefits.
KX provides an integrated data management and analysis platform for cloud, on-premise and end-to-end real-time decision making. It enables a variety of uses where huge volumes of streaming data need to be combined from a variety of inputs, analyzed in real-time and enriched in a historical context for critical, momentary decision making. In the manufacturing and IoT sectors, leverage is leveraged to improve overall performance as well as KX component and system management.
KX commissioned Forrester Consulting to conduct a Total Economic Impact 6 (TEI) study and to examine potential return on investment (ROI) initiatives by setting up the KX Streaming Analytics platform.
To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed four decision makers with experience using the KX Streaming Analytics platform. For the purpose of this study, Forrester combined the experiences of the interviewers and combined the results into a single composite organization.
The full study can be downloaded here: https://bit.ly/3uX14cj.
Learn more at the upcoming KX Webinar on April 26th where guest speaker Mike Gualtieri, Vice President and Principal Analyst, will join us to discuss why a single integrated real-time data platform is important in Forrester’s business acceleration role. Values in a modern data landscape. Register here: https://bit.ly/3LkpZx9
KX, part of FD Technologies plc, a leading technology for real-time data analytics and decision-making intelligence, is a group of data-driven businesses that unlock the value of insight, foresight and foresight to move organizations forward. Built into the kdb + time-series database, KX is an industry-leading high-performance, in-memory computing, streaming analytics and operational intelligence platform. It provides high-volume, data-intensive analysis and the best possible performance and flexibility for applications across multiple industries. The group operates from 15 offices across Europe, North America and Asia Pacific and employs more than 3,000 people worldwide. See www.kx.com for more information.