Commissioned with Coleman Parks, the independent survey of 1,675 CTOs and enterprise architects shows companies are keenly aware that their legacy ERP systems, the backbone of every organisation, are struggling to keep pace with business today. This explains the trend toward the modern strategy of Composable ERP, which gives companies a flexible platform to bridge the gap between legacy and modern applications.
Yet despite the flexibility Composable ERP provides, integrating all of those applications to work collaboratively and share data is still a monumental challenge. As legacy integration solutions require expensive, time-consuming, custom development and coding, optimization and automation are high priorities for IT teams today. This is evidenced by 76% of survey respondents investing in standardisation and consolidation of applications, and 72% modernising applications and migrating to the cloud.
“The typical enterprise has, on average, 850 applications, of which only 30% are connected,” said Chris McNabb, CEO of Boomi. “The biggest challenge every business faces today is unifying their increasingly fragmented digital ecosystem so they can create the integrated experiences expected by customers, employees, and partners. Organisations that remove friction through fast, intelligent data discovery and cataloguing, pervasive connectivity, process integration, and automating human workflows are the ones best positioned to thrive as we move beyond the pandemic.”
Leading analyst firm Gartner suggests a focus on integration is critical. “ERP vendors will have to provide or partner with integration platforms in order to meet customers’ demands for increased integration capabilities,” Gartner wrote. “This is because ERP customers will empower business users to bring together applications and data to build business capabilities for their enterprise. Customers will engage multiple vendors, clouds and services to compose capabilities.”
| Download a copy of Boomi's e-book, The Innovator’s Shift to Composable ERP, here. |
Boomi’s recent findings suggest businesses see the vast potential of Composable ERP but are struggling to implement an integration strategy. In the survey, 51% of respondents said providing the best user experience possible was the motivation behind adopting integration technology. Yet 47% indicated their current integration solutions struggle to meet their challenges. Forty-two percent say there is a high cost to maintaining these solutions, with 38% finding that they can’t cope with their complex hybrid technology environment.
Other key survey findings include:
“After a year of coping with incredible change, businesses recognize that modernization is critical to survival,” McNabb added. “As organisations ramp up efforts with Composable ERP, open iPaaS platforms are essential to making it a success.”
