Modernization, Transformation, and Innovation by the Numbers [Infographic]

June 17, 2020 Kristina Avrionova

What’s the state of IT modernization and digital transformation? What are organizations seeing in payback from those investments? How are businesses innovating for the future – and what challenges do they face?

Those questions and many others are answered in a new Boomi global survey of more than 1,200 business and IT decision makers. 

“The State of Modernization, Transformation, and Innovation in the Digital Age” is based on a survey conducted for Boomi by the IT research firm Vanson Bourne that spans 19 countries of North America, Europe, and Asia-Pacific.

We’ve packaged up the highlights of the report in an infographic that offers insights into how business and IT are evolving in this new digital age. The infographic provides a handy summary of insights from study, including quantified benefits that organizations are capturing:

  • 90%+ of organizations are currently modernizing, transforming, and innovating
  • 49% have improved the customer experience
  • 45% have reduced operational costs
  • 40% have triggered revenue growth

Navigating Priorities and Challenges

The Boomi business and IT report also delves into priorities for technology investments, finding that organizations are focused on cloud systems that deliver greater speed, agility, and cost-effectiveness than the legacy on-premises technology of the past.

Those fast, flexible technologies are instrumental in helping organizations address challenges on the journey to modernization, transformation, and innovation.

Technology and business priorities are converging as organizations address challenges in the areas of budget, IT skills, and data utilization. Our study suggests that cloud and data technologies are instrumental as organizations build on success and zero in on challenges:

  1. Budgetary challenges can be mitigated with cloud-based technologies that don't leave organizations burdened with the sizable technical debt of legacy on-premise systems.
  2. Impact of the IT shortage can be lessened as organizations move to user-friendly cloud systems, requiring fewer staff. That also makes an organization more attractive to younger IT professionals with little interest in outdated technologies.
  3. Competitive advantage is boosted when organizations can leverage data to improve customer relationships, increase operational efficiency, and make informed strategic and tactical decisions.

View the full infographic below.

 

Don’t miss the full The State of Modernization, Transformation, and Innovation in the Digital Age” report – including 5 key recommendations for success from Boomi experts. Get your copy here.

About the Author

Kristina Avrionova is a senior product marketing manager at Boomi.

Follow on Linkedin More Content by Kristina Avrionova
Previous Article
What We've Learned About Technology and Innovation in a Crisis
What We've Learned About Technology and Innovation in a Crisis

CIOs have played a critical role in helping companies adjust to the realities of doing business during a gl...

Next Article
Supercharge Your iPaaS With an Event Broker
Supercharge Your iPaaS With an Event Broker

Event brokers are a great potential partner for your iPaaS, enhancing their resilience, agility and real-ti...