Integration challenges hindering digital transformation in 89% of firms

A new report from San Francisco-based MuleSoft has revealed that 89% of companies are suffering from integration challenges with new technologies and solutions, significantly hindering their digital transformation initiatives.

The result of a survey of 650 IT decision makers, conducted by Vanson Bourne and shown in MuleSoft’s Connectivity Benchmark Report 2018, show the problems with integration are costing firms dearly, with businesses spending on average 22% of their budgets on this, equating to $800mn annually.

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“When it comes to digital transformation, it is no longer a case of ‘if’ but ‘when’ for organizations. However, there is growing impatience at a business level to make the goals of digital transformation a reality right now, as those that fall behind will start to lose revenue and market share fast,” said Ross Mason, Founder and Vice President of Product Strategy, MuleSoft.

“Today, CIOs and IT decision makers are under a huge amount of pressure to meet business expectations, but it’s clear that they are struggling to keep up. Integration challenges are creating an IT delivery gap, and organizations can no longer afford to let it drain time, resources and budget.”

Alongside this challenge, the report reveals that 81% of firms are expecting a negative impact to their revenues over the next 12 months if they fail to complete their digital transformation initiatives.

Speaking of the importance of success digital transformation, Mason said: “Organisations can make more of their IT assets reusable and make application development much more efficient. This will truly transform how IT functions in the modern enterprise and deliver greater value to the business.”

For more information, see the full MuleSoft Connectivity Benchmark Report 2018.