Tag Archives: KX

Data & Analytics, News

Study finds businesses can realize 315% ROI with KX Insights real-time data analytics platform

London, April 5th, 2022: KX today published findings that reveal deploying KX Insights, its real-time data management and analytics platform, could realize a return on investment (ROI) for companies in the manufacturing sector of 315% over three years and a payback in less than six months.

The findings come from a new Forrester Consulting study which has quantified four significant commercial benefits realized by businesses that have implemented KX Insights, along with several notable improvements to processes and expenditure.

According to the study, a composite organization (see methodology) implementing KX could experience benefits of $5.72M over three years versus costs of $1.38M, adding up to a net present value (NPV) of $4.34M and a 315% Return on Investment.

The four quantified commercial benefits from deploying KX include:

  • Significant cost savings for data management and manipulation that can be reinvested in other data projects and innovation.
  • Faster product iteration with customers able to refine development, production, and network fixes up to 85% faster compared to their previous capability.
  • Improved product reliability thanks to more robust testing and deeper statistical analysis and the capability to test in real-time.
  • Reduced costs for unneeded backup components and infrastructure thanks to the greater product reliability and deeper understanding of processes.

Kathy Schneider, Chief Marketing Officer, KX said: “A seismic shift is impacting how businesses gain and retain their competitive edge, and that shift is the huge growth in real-time data and the value locked within it. For companies to succeed in today’s data-intensive environment they need a modern technology platform that can capture, process and analyse real-time and historical data at both speed and scale. We believe this Forrester study demonstrates the significant and quick ROI that KX can deliver to businesses.”

According to the study, and prior to implementing KX Insights, real-time data management and analysis was often being performed via a patchwork of costly, disparate legacy systems. This made rapid, automated decision-making based on real-time business insights difficult and costly. Moreover, companies were missing out on critical findings that could yield significant operational and commercial benefits.

 

KX delivers an integrated data management and analytics platform for real-time decision-making in the cloud, on-premise, and at the edge. It powers a wide variety of use cases where large volumes of streaming data need to be integrated from a diverse set of inputs, analyzed in real-time and enriched with historical context to drive critical, in-the-moment decisions. In the manufacturing and IoT sectors, KX is leveraged for component and systems management as well as overall performance improvement.

Methodology

KX commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying 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 purposes of this study, Forrester aggregated the interviewees’ experiences 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 & Principal Analyst, Forrester will join us to discuss the importance of why a single integrated real-time data platform is key in the role of delivering speed to business value in a modern data landscape. Register here: https://bit.ly/3LkpZx9

Education, News

Nearly Half of UK Students See Coding Skills as Vital as Foreign Language Skills for Future Career Prospects

  • Nearly half (49%) see coding languages as being either more or equally as valuable as foreign languages skills
  • 41% of students can currently code or are learning a coding language
  • Nearly a third believe that coding is a core life skill
  • 43% say a barrier to them learning to code is lack of access in education

London, UK, February 14th: As digital technologies continue to disrupt and transform every industry on the planet, nearly half of the UK’s students believe that coding skills are either equally or more valuable than foreign language skills for their career prospects.

Research commissioned by KX, a UK-based software company specialising in real-time analytics and data management, shows that among students aged 16-23, 41% can write, or are planning on learning to write, in at least one coding language. 28% already believe that being able to code is a core life skill.

When looking more broadly at the importance of data handling and analytical skills, 29% of UK students have either taken or are planning to take a course in data analytics or data science, while 24% say the same for computational intelligence.

But, despite the growing importance and rising popularity of coding, 43% of students say a barrier to their learning is that it is not taught in schools, highlighting the need for a greater focus on digital skills within the education system. And with a recent report by the UK Government showing that strengthening and supporting digital ecosystems could add another £41.5bn to the economy by 2025 and support 678,000 new jobs, it’s clear that supporting data skills and coding throughout education should be a key priority.

Kathy Schneider, Chief Marketing Officer, KX, says: “It’s encouraging that students across the UK see coding and data analytics skills as being important to their future career success. With the continuing digitization of almost all industries, these skills will be fundamental to the growth and development of both individuals and economies. However, the education system seems to be playing catch-up when it comes to aligning learning and curriculums with the demands of modern work. There is a role here for companies to partner with education institutions as well as invest in training to help new recruits get the skills they need to succeed.”

The KX research support the findings of a recent study by Glassdoor which showed that Java Developers, Data Scientists and DevOps engineers are some of the top jobs in the UK based on employee job satisfaction, median annual base salary and the number of current job openings in the given role.

Daniel Baker, Head of Evangelism at KX: “The ability to understand and apply data through code is not only an important life skill, it’s also critical for future economies. Regardless of the language, coding offers many tangible benefits and builds transferable skills that develop a problem-solving mindset. We have a responsibility to build sufficient pipeline in schools and universities, challenging governments, and education bodies to modernise curriculums and ensure career guidance aligns to industry need. Employers also need to adapt and build a culture of continuous learning.”

When asked how learning a coding language compares to a foreign language in terms of boosting career prospects, almost a third of British students (29%) say that speaking a foreign language and having computer programming skills are equally valuable to their careers, 34% say that foreign languages are more important and 20% say coding. Only 11% believe neither to be important.

The main drivers for learning to code in the UK are that it allows for better job opportunities (60%) and higher salaries (45%). Conversely, students pursuing foreign languages are doing so to increase confidence when travelling (69%) and to learn about other cultures (63%).

Despite the common belief that there is a low percentage of the UK population who can speak a second language, 69% of students say that they already speak one or more languages and more than two thirds (69%) say that they are planning to learn one – whether for the first time or to add another language to their CV.