Organisational value of iPaaS by the numbers
In an application-centric corporate environment, moving information from one location to another can be more difficult than it seems on the surface.
Extract, transform and load (ETL) tools held value for a couple of decades until the need for a connected cloud integration strategy arose; and so too did the value of integration-Platform-as-a-Service (iPaaS). Gartner researchers expect the solution to compose a $1 billion industry valuation by as soon as 2020, which speaks to its quick adoption.
A recent study by Dell Boomi unearthed a couple of interesting figures about how much value iPaaS can add to an organisation. Here are a few your business should be aware of:
87 per cent
This is the number of respondents who have encountered setbacks or difficulties over the past five years due to their lack of an effective cloud integration strategy. The negative impact came in the form of surging expenses, lack of collaboration and delays in routine operation, IT Brief reported.
iPaaS provides a middle ground for hybrid cloud architecture.
With hybrid cloud models now the most popular choice among companies, the challenge doesn't lie in computing power but instead in connecting all the various platforms. That's where iPaaS steps in, Massimo Pezzini, an analyst for Gartner, told Network World.
"iPaaS allows you to automate business processes that span multiple on-premises and cloud-based resources," Pezzini said. "My view is the cloud environment will remain extremely fragmented, so there will always be a need for someone to play Switzerland, for some platform to integrate across these vendors."
74 per cent
Nearly three out of every four CIOs believes cloud integration is at the heart of staying competitive over the next half decade, IT Brief reported. There's a couple of reasons behind this, but Pezzini believes the most powerful answer is the fact that roughly 70 per cent of all integration issues could be solved by simply incorporating iPaaS.
The platform's fundamental design is ideal for the modern corporate environment, which usually involves multiple siloed applications constantly trying to work in tandem. Bookkeeping software has to connect with whatever is tracking inventory levels, and customer relationship management services need to pull information from marketing campaigns. iPaaS simply offers businesses the ability to move data around more quickly than they could have without it.
59 per cent
It's difficult to find one underlying factor that a large portion of companies believes holds them back from success, but this figure represents those that feel a poor cloud integration strategy is their Achilles' heel, according to IT Brief.
Small businesses may be most at risk in this sense considering they're likely to try and emulate industry titans by incorporating similar strategies. With the cloud being such a popular new technology, it's likely these organisations are in the majority when it comes to having difficulties with day-to-day operations.
The average company sees roughly $3 million in savings from iPaaS.
This figure represents the average financial savings each respondent garnered through the implementation of iPaaS. Improved accessibility to data and profitability are listed as some of the major benefits, given that the platform can help create more efficient workflows regardless of how many different locations it's supporting.
Markets and Markets estimated that companies will see the greatest impact of iPaaS through enhanced productivity and decision-making, as well as reduced downtimes associated with data transferring. Perhaps even more important than all of that is the fact that nearly nine out of every 10 felt the platform would help the organisation grow its revenue over the coming years.
With cloud technology now considered a mainstay in the majority of companies, iPaaS seems to be the logical next step. Contact an ANATAS representative today to learn more.