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    Video Continues to Power Higher Education Finds Kaltura Study, with 63% of Academics Using Digital Experiences for Seminars, Workshops, and More.

    7/10/24 8:00:00 AM ET
    $KLTR
    Computer Software: Prepackaged Software
    Technology
    Get the next $KLTR alert in real time by email

    New York, NY, July 10, 2024 (GLOBE NEWSWIRE) -- Kaltura (NASDAQ:KLTR), the Video Experience Cloud, today released a new report ‘The State of Digital Experiences in Higher Education in 2024', a global survey examining the impact of digital experiences on academic institutions and the evolving digital landscape across departments and schools.

    Digital and hybrid experiences are playing an increasingly important role for most academic and research departments. The study found that 63% of surveyed higher education professionals are using digital platforms for seminars, workshops, and study groups, 62% for research conferences and symposiums, and 55% for virtual campus tours.

    Nearly all content (95%) created by these academics for their digital and hybrid experiences has been repurposed at least once. And of these respondents, 54% say their repurposed content has a shelf life of 4 to 6 months.

    AI is another crucial component of digital and hybrid experiences, with the report finding that 60% of respondents are already using it for automation. Only a negligible percentage is not using or has no plans to use AI in the future.

    The report further found that the data and analytics collected within these digital experiences are mostly used to measure student performance (62%) and gain audience insights (46%). Only 33% use analytics to measure the ROI from digital experiences. Lastly, 8% say their digital solutions don't collect enough data or have strong enough analytics, pointing out room for improvement.

    "For educators, video is now expected, it is no longer a ‘nice to have'. Students also expect accessibility and flexibility as they balance their learning with their lives – and as a result the bar for video excellence keeps rising," said Lisa Bennett, CMO at Kaltura. "The good news is that not only are the video platforms meeting these expectations, but institutions are diving in headfirst with a slew of new AI capabilities and working to ensure that not only are they as an organization getting the most out of these technologies, but that their students are as well."

    Most institutions (74%), however, are still using third-party solutions for analytics and data collection of their digital experiences despite concerns about data security, compliance risks, loss of data control, and more, highlighting a hurdle that will need to be overcome as data protection laws continue to expand.

    Despite its clear benefits, many respondents believe that digital experiences still have room to grow. The primary features they believe need improvement are dual screens for sign language (55%), multilingual support (52%), automation and generative AI (47%), and captioning (43%).

    The full ‘The State of Digital Experiences in Higher Education in 2024' report can be accessed here. This report was created with data from a survey conducted in February 2024 of 450 respondents working in departments such as Continuing Education, Teaching and Learning, Marketing, Alumni Relations, Admissions, and Professional Development. Respondents were from the US, UK, The Netherlands, and Italy.

    About Kaltura

    Kaltura's mission is to power any video experience for any organization. Kaltura's Video Experience Cloud offers live, real-time, and on-demand video products for enterprises of all industries, as well as specialized industry solutions, currently for educational institutions and for media and telecom companies. Underlying our products and solutions is a broad set of Media Services that are also used by other cloud platforms and companies to power video experiences and workflows for their own products. Kaltura's Video Experience Cloud is used by leading brands reaching millions of users, at home, at school, and at work, for events, communication, collaboration, training, marketing, sales, customer care, teaching, learning, and entertainment experiences. For more information, visit www.corp.kaltura.com.

    For media information, please contact:

    Lisa Bennett

    Chief Marketing Officer

    [email protected]

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, statements regarding our future financial and operating performance, including our guidance; our business strategy, plans and objectives for future operations and our expectations regarding potential profitability and the timing thereof; the expected effect of new releases on our business and financial performance; and general business conditions, including as a result of the pandemic related to COVID-19 and its variants, the worsening economic climate and instability in the banking and financial services sector, and their impact on our business and financial results.

    In some cases, you can identify forward-looking statements by terminology such as "aim," "anticipate," "assume," "believe," "contemplate," "continue," "could," "due," "estimate," "expect," "goal," "intend," "may," "objective," "plan," "predict," "potential," "positioned," "seek," "should," "target," "will," "would" and other similar expressions that are predictions of or indicate future events and future trends, or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Any forward-looking statements contained herein are based on our historical performance and our current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent our expectations as of the date of this press release. Subsequent events may cause these expectations to change, and we disclaim any obligation to update the forward-looking statements in the future, except as required by law. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from our current expectations. Important factors that could cause actual results to differ materially from those anticipated in our forward-looking statements include, but are not limited to, our ability to successfully execute or achieve the expected benefits of our restructuring plan and other cost saving measures, our ability to manage and sustain our rapid growth; our ability to achieve and maintain profitability; the evolution of the markets for our offerings; the quarterly fluctuation in our results of operations; our ability to retain our customers; our ability to keep pace with technological and competitive developments; our ability to maintain the interoperability of our offerings across devices, operating systems and third-party applications; our reliance on third parties; our ability to retain our key personnel; risks related to our international operations; our ability to successfully execute or achieve the benefits of our cost-reduction and re-organization plan and other cost saving measures; risks relating to event of failure of any of the financial institutions where we maintain our cash and cash equivalents (such as Silicon Valley Bank (SVB) and therefore our ability to access uninsured funds in a timely manner or at all, risks associated with the extensive changes to Israel's judicial system pursued by the Israeli government and the concerns that the proposed changes may negatively impact the business environment in Israel, and the other risks under the caption "Risk Factors" in our annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission ("SEC"), as such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC's website at www.sec.gov and the Investor Relations page of our website at investors.kaltura.com.

    Further, the survey results described herein represent research opinion or viewpoints of the survey's respondents and are not representations of fact or of the Company's estimations and expectations. Those opinions speaks as of the survey's date (and not as of the date of this Form 8-K) and the opinions expressed in the survey are subject to change or challenge without notice.



    Lisa Bennett
    Chief Marketing Officer
    [email protected]

    Primary Logo

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