| [April 12, 2012] |
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KXEN Customers Achieve Faster Model Development and More Accurate Targeting According to Independent Research Firm
SAN FRANCISCO --(Business Wire)--
KXEN,
the leading provider of predictive
analytics for business users, offers a more powerful approach to
marketing-enabling customers to deliver higher quality leads and achieve
higher returns on marketing investments than other predictive analytics
solutions.
Findings from the Aberdeen (News - Alert) Group research report "KXEN Customers Achieve
Rapid Model Development and Precise Targeting," published in April 2012,
and prepared by David White, Senior Research Analyst, Business
Intelligence, indicate that KXEN's InfiniteInsight™
helps customers to build and refresh models faster, helping
marketing be more productive and improve targeting effectiveness.
According to the report:
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KXEN enables more accurate targeting: KXEN customers are more
likely to be able to design customized offers for market segments and
individuals than their peers (40-50% more likely to have that
capability). Aberdeen's data shows that organizations that were able
to provide offers customized for individuals enjoyed a marketing
response rate 75% higher than those that could not.
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Percentage of respondents, n=112
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KXEN customers
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All Marketing
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More Likely
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Provides offers customized to market segments
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83%
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57%
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45.6%
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Provides offers customized to individuals
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61%
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41%
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48.8%
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Source: Aberdeen Group, January, 2012
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KXEN customers have better access to behavioral data, such as
website clickstreams and call center logs: KXEN customers are
almost 30% more likely to use behavioral data, such as website
clickstreams and call center logs, than other marketing organizations;
they are also almost 60% more likely to have this data integrated into
a single source, which is essential to assembling analytical data
used in building predictive
models. According to Aberdeen's recent research into big data, 74%
of survey respondents believed it was important to address clickstream
data as part of their big data initiatives. KXEN customers are able to
use this information as well as other behavioral data to help generate
relevant marketing offers in real-time, or to feed into offline
marketing campaigns, like direct mail outreach.
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Percentage of respondents, n=112
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KXEN customers
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All Marketing
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More Likely
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Access to customer behavior data
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89%
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69%
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29.0%
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Access to all customer transactional data
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86%
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73%
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17.8%
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All customer data integrated into single source
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58%
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37%
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56.8%
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Source: Aberdeen Group, January, 2012
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KXEN customers build and refresh models faster: KXEN customers
can build and deploy predictive models in less than a third of the
time than organizations using other predictive analytics and data
mining solutions. Additionally, KXEN customers are able to refresh
existing models up to 5x faster than other organizations, and report
reducing the time to retrain a model from ten days to just two. KXEN's
performance is underpinned by the degree of automated support offered
for both data preparation and model building, which are the most
time-intensive activities in predictive analytics model creation.
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Time in days, n=112
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KXEN customers
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All Marketing
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Difference
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Time to refresh model
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2
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10
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5.0x faster
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Time to build and deploy
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10
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37
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3.7x faster
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Source: Aberdeen Group, January, 2012
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KXEN customers enjoy benefits which lead to improvements in
marketing productivity: KXEN customers are also 67% more likely to
find the output of predictive models easily integrated into existing
applications and processes. By maintaining a repository for re-use of
predictive models and incorporating campaign results back into models,
marketers can reduce cycle time and more completely realize the
potential of the models.
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Percentage of respondents, n=112
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KXEN customers
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All Marketing
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More Likely
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Incorporate campaign results back into predictive models
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75%
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40%
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87.5%
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Repository to manage multiple predictive models
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55%
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34%
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61.8%
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Output easily integrated into existing applications / processes
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55%
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33%
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66.7%
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Source: Aberdeen Group, January, 2012
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Predictive analytics improves marketing performance: Marketing
organizations that use predictive analytics see 76% higher
click-through rates and almost twice the sales lift of marketers that
do not use this technology. KXEN customers can target their marketing
more precisely than other marketers, build and refresh models more
quickly, and tap into richer and more complete data sources - all of
which are foundational components in which a successful predictive
analytics program is built.
"The top two pressures facing marketers today are delivering high
quality leads and demonstrating a return on investments," said David
White, Senior Research Analyst, Business Intelligence, at Aberdeen
Group. "Our research found that KXEN improves the speed of model
development, the quality of targeting and the ability to tap into richer
data, making a significant impact on marketing performance."
"At KXEN, we're committed to continuously improving our automated
approach to predictive analytics and data mining on petabytes of big
data," said John Ball, CEO of KXEN. "We're pleased to see that the
Aberdeen Group's benchmark research validates the results our customers
have realized using InfiniteInsight™ relative to their peers that are
using other, less automated legacy approaches."
To see the full Aberdeen report, please visit: www.kxen.com/res-offer/aberdeen2012
Supporting Resources
For more information on KXEN and InfiniteInsight™, please visit:
• Website: http://www.kxen.com •
Blog: http://www.kxen.com/blog •
Facebook (News - Alert): www.facebook.com/infiniteinsight •
Twitter (News - Alert): http://www.twitter.com/kxen •
LinkedIn: www.linkedin.com/company/kxen •
YouTube (News - Alert): www.youtube.com/kxen
About KXEN
KXEN
is revolutionizing the way companies use predictive
analytics to make better decisions. Based on patented innovations,
the company's flagship product, InfiniteInsight™,
delivers orders of magnitude improvements in speed and agility to
optimize every step in the customer
lifecycle - including acquisition,
cross-sell,
up-sell,
retention
and next
best activity. Proven with over 400 deployments at companies such as
AAA, Allegro, Bank of America, Barclays, Belgacom (News - Alert), CBS Interactive, ING
Direct, Lowe's, Meredith Corporation, Mobilink, PT XL Axiata, Rockwell,
Rogers, Sears, Shutterfly, Stage Stores, U.S. Cellular, and Vodafone, KXEN
solutions deliver predictive power and infinite insight™. KXEN
is headquartered in San Francisco, California with field offices in the
U.S., Paris and London.

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