Half of Australian and New Zealand (A/NZ) organisations are struggling to become more connected, according to new research conducted by Vanson Bourne.
According to another study – this time by Grand View Research, the global iPaaS market will reach US$2.71 billion by 2025, with Asia Pacific to experience the highest compound annual growth rate – 25 per cent – between 2017 and 2025.
Despite this adoption uptick, the Vanson Bourne’s survey into ‘The Connected Business’, commissioned by Dell Boomi reveals that while 91 per cent of IT decision-makers in A/NZ recognise the need to improve connectivity only 50 per cent claiming their organisations are having trouble doing so.
Furthermore, the vast majority (89 per cent) of respondents say they have faced drawbacks as a result of poor integration. The top three concerns flagged include unreliable applications (34 per cent), financial loss and efficiency downturns (33 per cent), and poor workflow efficiency (26 per cent). Of concern is that 59 per cent admit their organisations have missed opportunities as a result of poor integration, while 17 per cent believe they may have done so unknowingly.
“Australian and New Zealand-based organisations understand the importance of integration, however traditional strategies for connecting systems have been unable to deliver on the needs of today’s digital operations,” said Nicholas Lambrou, Managing Director A/NZ, Dell Boomi.
“The organisations we speak with have already made significant progress with their cloud transformations, and require greater versatility than on-premises, API-only-based integrations can provide. This is fuelling the adoption of iPaaS, which aligns to the scalable, best-of-breed and low maintenance cloud-based environments through which modern businesses operate.”
The study’s authors note that a majority of organisations in A/NZ (55 per cent) have already completely adopted iPaaS, 34 per cent are in the process, and 9 per cent intend to do so within the next 12 months.
Indeed every single survey participant who indicated and awareness of iPaaS said they plan to adopt the solution.
“Use cases for iPaaS are very diverse due to its ability to mould to the unique requirements of organisations across a wide range of industries,” said Lambrou. “The most common reasons companies in our region are using or looking at implementing iPaaS is for its master data management capabilities for enhanced decision-making, and low-code design for ease of use.”
Presently, 89 per cent of A/NZ organisations are using master data management (MDM) to help them in the use and management of data. Among the reasons they gave for why the benefits they expected from MDM; Increasing data accuracy and consistency (55 per cent), more effective data analysis (43 per cent), and increasing the usability and application of data (40 per cent).
Meanwhile, all respondents agreed that using a low-code solution to build applications is beneficial; ease of application maintenance (49 per cent), increased collaboration by developers (49 per cent), and accelerated time-to-market (33 per cent) round out the three highest-voted reasons.
“Through the correct approach to integration, organisations are able to create connected business to boost productivity, data accessibility and workflow processes in order to influence profitability within a more robust environment,” said Lambrou.
About the author
Andrew Birmingham is the director of the Which-50 Digital Intelligence Unit of which Dell Boomi is a member. Members provide their insights and expertise for the benefits of our readers. Membership fees apply.