Boosting Business Efficiency and ROI: Strategic Insights from Forrester TEI on Qyrus
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“Did you know? According to Adenza, the use of CATT can decrease test execution times by up to 70%”
What can your organization achieve with a smarter approach to software testing? In an era where customer expectations are constantly evolving, ensuring the quality and reliability of your software applications is crucial. Yet, many organizations still grapple with testing challenges that can hinder innovation, delay product releases, and inflate costs.
If these challenges sound familiar, it’s time to consider how a smart, AI test automation platform like Qyrus can transform your business operations. Most impressively, a recent Total Economic Impact™ (TEI) study conducted by Forrester Consulting revealed that organizations using Qyrus have achieved an outstanding 213% return on investment (ROI).
But what does this mean to your business? Beyond the remarkable ROI, the Qyrus platform offers a multitude of benefits. Companies have reported saving valuable time with 90% automation of regression testing, boosting productivity by reducing user acceptance testing (UAT) times, and increasing operational efficiency with automated error detection and reduced downtime. These enhancements translate directly into better customer experiences, faster time-to-market, and significant cost savings.
Understanding the Total Economic Impact™ Study
Quinnox commissioned Forrester Consulting to conduct a comprehensive TEI study on Qyrus to quantify its impact on enterprises. The study aimed to evaluate the financial and operational benefits of implementing Qyrus, providing potential investors with a detailed framework to assess its value. Forrester interviewed representatives from an organization that had experience using Qyrus, offering insights into the platform’s real-world applications and benefits.
1. User-Friendly Interface and Ease of Use
Source: The Total Economic Impact™ Of the Quinnox Qyrus Solution, August 2024
To provide a more generalized view, Forrester created a composite organization representing a typical user of Qyrus. This composite organization saw similar improvements, demonstrating Qyrus’s broad applicability across different business scenarios. The composite organization realized a net present value (NPV) of $1 million and an impressive ROI of 213%, with a payback period of less than six months. This is the first in a series of blogs that will highlight key findings from the TEI Study.
Key Findings from the TEI of Qyrus Study: A Closer Look
Key Findings from the TEI of Qyrus Study: A Closer Look
Qyrus has demonstrated a remarkable ability to enhance business value, particularly in complex digital environments. Here are some of the standout benefits highlighted in the Total Economic Impact™ (TEI) study by Forrester Consulting:
- Time Savings with Regression Testing Automation: By automating 90% of manual test cases, Qyrus delivers time savings worth $228,000 over three years. This automation accelerates software release cycles and enhances overall testing efficiency.
- Productivity Gains During UAT and Reporting: Qyrus reduces the time spent on user acceptance testing (UAT) by 20%, benefiting stakeholders across the organization. Automated reporting features further save nearly two days of effort, contributing an additional $212,000 in productivity gains.
- Time Savings in Remediating Issues: The platform’s ability to proactively identify production errors results in a significant reduction in incidents, saving $482,000 over three years by minimizing downtime and development fixes.
- Business Growth through Accelerated Feature Release: The automation and efficiency of Qyrus enable faster market response and feature releases, contributing to an increase in operating profits worth $29,000.
- Cost Avoidance from Reduced Downtime: Qyrus’s AI-driven detection capabilities prevent 50% of incidents from entering production, leading to cost savings of $557,000 by avoiding downtime.
3. Advanced Reporting and Analytics
Source: The Total Economic Impact™ Of the Quinnox Qyrus Solution, August 2024
Investing in Qyrus not only drives exceptional financial returns but also enhances agility, collaboration, and overall product quality across the organization. For organizations looking to optimize their software development processes and deliver high-quality products faster, Qyrus offers a compelling solution.
To explore the full spectrum of benefits and insights from this study, download the complete Total Economic Impact™ Study here.