TRENDING
• Integration headaches : The biggest challenges to Digital Transformation are integrating siloed apps and data ( 38 %) and risk management and compliance ( 37 %). 88 % of respondents said integration challenges continue to slow Digital Transformation initiatives .
• Too much is being spent on custom integration : In their efforts to integrate apps and data from across the enterprise , organizations appear to be focusing more resources in the wrong areas , such as custom integration . As a result , they are increasing their technical debt . On average , organizations spent US $ 3.65 million on custom integration labor in the last 12 months , a 4 % increase from last year ( US $ 3.5 million ).
• IT budgets are up , but so is demand : 85 % of organizations said IT budgets have increased year-on-year ( compared to 77 % last year ). At the same time , the number of projects IT is asked to deliver increased by 40 % on average , a big jump from 30 % a year ago . Despite the extra budget , IT is finding it difficult to meet the demands of the business . On average , more than half ( 52 %) of projects weren ’ t delivered on time over the past 12 months .
Organizations turn to APIs to drive Digital Transformation and revenue
Despite these integration challenges , the vast majority ( 98 %) of organizations use APIs . By using APIs to connect data and applications , organizations can digitally transform in a more sustainable manner and accelerate business success . The report indicates :
• A top down integration and API strategy : Most ( 90 %) organizations now have a clear integration and API strategy . Over a quarter ( 26 %) said leaders now demand that all projects abide by a company-wide API integration strategy , up from just 15 % a year ago .
• Reuse is on the rise : Organizations are increasingly creating and using reusable IT assets and APIs to create new experiences and accelerate projects , rather than building from scratch each time . On average , 46 % of organizations ’ internal software assets and components are available for developers to reuse – an increase from 42 % a year ago . Nearly half ( 48 %) of organizations said IT is actively reusing these components , versus 41 % in the 2021 report .
• Empowerment of business users : Enabling nontechnical users to harness low-code tools to drive their own automation and Digital Transformation projects can take huge pressure off IT teams . More than half ( 55 %) of organizations now have a ‘ very mature ’ or ‘ mature ’ strategy to empower these users to integrate apps and data sources powered by APIs ( compared to 36 % last year ).
• APIs drive revenue : Two-fifths ( 40 %) of organizations said they have experienced revenue growth as a direct result of leveraging APIs ( compared to 28 % a year ago ).
“ Digital agility is essential to successful transformation , allowing organizations to drive innovation at scale , deliver new initiatives faster , and create the experiences that customers want ,” said Kurt Anderson , Managing Director and API Transformation Leader , Deloitte Consulting . “ A modern strategy that combines integration , API management and automation is central to achieving digital agility . It enables organizations to easily connect and integrate their data , applications , and devices to create new digital capabilities and drive transformation projects .”
The 2022 Connectivity Benchmark Report was created in collaboration with Deloitte Digital , who together with Mulesoft , can help IT organizations across industries meet the continuously evolving demand to connect data and create transformation opportunities for the business . p
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