Boomi Research Reveals Composability Is Key to Overcoming Challenges Posed by Legacy Systems in Businesses

CONSHOHOCKEN, PA

Boomi™, the leader in intelligent integration and automation, today announced the results of a new global study.1 The IDC InfoBrief, sponsored by IFS and Boomi, reveals that aging, monolithic systems, and a lack of technological understanding at the executive level limit organizational agility and responsiveness to disruption. This study also highlighted that a composable strategy is essential to enable organizations to meet these challenges.

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Boomi Research Reveals Composability Essential to Overcome Legacy System Challenges in Enterprises (Graphic: Business Wire)

Boomi Research Reveals Composability Essential to Overcome Legacy System Challenges in Enterprises (Graphic: Business Wire)

The study surveyed more than 1,000 senior executives across 12 countries across Europe, North America, the Middle East, Africa and Asia-Pacific. It found that legacy technology platforms and a lack of understanding of the critical role of application programming interfaces (APIs) and composability in unlocking business data combine to hinder understanding and transformation.

The widely recognized risks of failing to transition to composable applications have become even more pressing in the context of current national and international upheaval. Recent events such as Brexit, global issues and escalating cost of living crises have highlighted the shortcomings of outdated technologies.

While most companies believe they have weathered the disruptions of the past three years, executives say working capital and inventory imbalances (56%), demand volatility (53%) and supply chain unpredictability supply (48%) were their biggest challenges. Participants also indicated that legacy applications (60%), lack of integration (48%), and inflexible/monolithic applications (43%) hinder efforts to address these challenges, impacting the effectiveness with which they can mitigate risks.

The study also found that businesses are suffering the consequences of outdated technology platforms, with reports of limited visibility into business processes (24%) and poor internal collaboration (18%). These findings suggest that businesses are struggling to use their data in long-term planning, hampering their agility and ability to respond effectively to future disruptions.

With more than two-fifths (41%) of organizations lacking a composable strategy, the risk of stagnation and increasing technical debt is glaring. While the value of a composable architecture is well understood by more than 70% of surveyed executives with business and functional responsibilities, board professionals lag behind in their understanding, with only 19% being aware of the value created by composability. This gap among senior leaders highlights the need for clearer training and business cases that highlight the value of composability in the short, medium and long term.

“This study sends a clear message to executives that composability is critical to remaining competitive, increasing agility, and driving productivity across the enterprise,” said Ed Macosky, chief product and technology officer at Boomi. “Speed ​​to value creation requires a strong database and a mature cloud strategy as prerequisites for adopting other advanced technologies. »

Encouragingly, 89% of respondents identified API-driven innovation as a key element of composability, with more than half (51%) highlighting seamless integration between process flows and 37% l importance of single platform solutions. While highlighting the critical role of APIs in creating adaptable and flexible business systems, these results support the idea that the future of enterprise applications is composable.

In terms of technology preferences, APIs top the list with 82% of respondents highlighting their importance, followed by artificial intelligence (45%) and machine learning (40%). The study indicates that supply chain (51%), purchasing (47%) and customer service and support (40%) are the top areas where organizations believe they would benefit from composability of applications.

Despite the recognized importance of composability, the challenges identified in the study highlight the need for broader organizational alignment and clearer technology direction to fully realize the benefits of a composable architecture, in which APIs play a fundamental role.

However, the survey data reveals a significant trend toward investing in workflow composition with multiple products using APIs. Twenty-two percent of respondents said they are actively pursuing this approach, reflecting a strategic shift toward using APIs to integrate diverse systems and applications to drive efficiency and innovation and eliminate waste.

Ed Macosky concludes: “Inertia in moving to the cloud or formulating a clear composability strategy is likely to prevent businesses from realizing the full value of AI and machine learning technology. The challenge for organizations now is to create value across the board. However, they face significant hurdles, such as a lack of understanding of the value of composability at the executive level and inadequate progression through cloud journeys. It is therefore not surprising that the CIO and the CTO are the first champions of composability. »

Additional Resources

  • Download the IDC InfoBrief, sponsored by IFS and Boomi, a global study on enterprise software composability and the evolving needs of businesses.

  • Watch this webinar that explores the study findings with guest speakers from IDC, Boomi and IFS.

About Boomi

Boomi supports the future of business with intelligent integration and automation. As a global leader in Software as a Service (SaaS), Boomi has more than 20,000 customers worldwide and a global network of 800 partners. Businesses are turning to Boomi’s award-winning platform to connect their applications, data and people to accelerate their digital transformation. For more information, visit boomi.com.

© 2024 Boomi, LP. Boomi, the “B” logo and Boomiverse are trademarks of Boomi, LP or its subsidiaries or affiliates. All rights reserved. Other names or brands may be the trademarks of their respective owners.

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1 IDC InfoBrief, sponsored by IFS and Boomi, Global Study on Enterprise Software Composability and Changing Business Needs, Doc No. US51992524, April 2024. As of December 2023, more than 1,000 senior decision makers from 12 Countries were surveyed in the manufacturing, energy and utilities, aerospace and defense, construction and engineering, telecommunications and services sectors.

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View the source version on businesswire.com: https://www.businesswire.com/news/home/20240613825182/en/

Media:

Kristen Walker

Global Corporate Communications

[email protected]

+1-415-613-8320

© Business Wire, Inc.

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