Companies with 200 to 500 employees typically use an average of 123 SaaS applications – this number is much higher in larger organizations
On an average, a business spends 55% of IT budget on maintaining existing infrastructure and systems
Inadequate process and system integration can increase ongoing IT costs by up to 3 times
Creating an integration plan for organizations involves a high cost. Few of the contributing factors being:
- Multiple approaches across the business
- Fragmented expertise due to differing standards
- 1080 FTE days spent on new integrations each year increasing at 5% per year
Maintaining the created plan results in an even higher cost. The driving factors behind this are:
- Complexity & lack of consistency drives cost & delay to multiple projects
- 10% of 4500 integrations require modification or maintenance each year
- Annual increase in integrations of 6%
Integration projects have a repute of being expensive, time consuming and, more often than not, fail to deliver the desired outcome. McKinsey says that “ when corporations launch transformations, roughly 70 percent fail.”
With the ever-changing Business Environments, new apps are added to support the customer demands, resulting in more siloed channels and sources of data. Digital transformation projects are getting constrained by packaged apps and in-house built applications. In addition, IT resources are in high demand – limiting speed and slowing core business initiatives.
It has become imperative for enterprises to create seamless, digital experiences for its customers to achieve true digital and business transformation. They should be able to interact with customers anytime, anywhere and over any device.
This brings to the fore, the need for a Hybrid Integration platform – a single platform for data, application, API, microservices, B2B and IoT integration with wide range of deployment options.
A platform which enables you to tackle IT modernization with an incremental approach that delivers differentiating new products and services for customers and partners using existing resources while protecting your bottom line.
Sage IT will help you evaluate and select a platform that enables you to deploy your digital platform anywhere: on premises, in a public cloud or private cloud, in multiple clouds or across hybrid environments. With this flexibility in deployment, you’ll be able to choose the least expensive solution that meets your needs without sacrificing enterprise-class performance, scalability, and reliability.
It is essential to note that a single step of selecting the right platform can:
Reduce your annual integration development cost by 30%
Reduce your integration modification costs by about 25%
Now that’s significant cost savings in today’s ever-increasing business demands.
Sage IT delivers business value through sustainable business outcomes by leveraging our experience and expertise in business and technology. Our innovative frameworks and accelerators help optimize digital transformation. When we engage with our customers, we first identify how best to construct a composable enterprise by integrating applications, data, and processes, using our expertise in Pervasive Integration.
Contributed for Sage IT by
Hema Attibele
