Challenges, Opportunities, & Benefits of Connected Business Transformation
In today’s fast-paced world, connectivity is more than just a buzzword—it’s the backbone of high-performing organizations. For owners managing complex capital programs or striving to scale their operations, the ability to seamlessly connect systems, processes, and data is critical to unlocking growth and innovation. But achieving this level of connectivity isn’t without its challenges, and many organizations find themselves stuck with outdated systems or struggling to make their integration tools work effectively.
To better understand the state of connected business transformation, Avicado’s trusted partner, Boomi, surveyed 900 IT decision-makers across 13 countries. Their findings reveal not only the hurdles organizations face but also the immense opportunities and benefits of becoming a truly connected business. In this blog, we’ll explore the key takeaways from Boomi’s survey and look more closely at the role integrations are playing in today’s increasingly connected business world.
Poor integration is limiting business growth
Over half (52%) of the survey respondents felt that poor integration is holding their business back from fulfilling objectives, and another 89% reported drawbacks because their integration tools aren’t up to the task. Organizations want to quickly deploy new cloud applications to run more efficiently and profitably. They want to enter new markets, deepen customer relationships and launch new products and services. They’re striving for growth, yet integration remains a roadblock.
Lost efficiency is draining time and money
Of the organizations surveyed, 41% reported that poor integration had resulted in lost efficiencies that cost them money. Poor workflow was a particular culprit, cited by 36%. Both factors contribute to delays in the rollout of new products, cited by 35%. An efficient business runs fast and lean across all processes, from customer onboarding to order-to-cash cycles, yet these hindrances caused by poor integration amount to big disadvantages when trying to keep pace with nimble competitors.
53% of organizations already have an integration solution in place
Legacy enterprise services, in-house developers and third-party consultants have been go-to integration solutions for decades. More than half (53%) of survey respondents already had at least one integration solution in place, with businesses currently utilizing an average of three different integration technologies. This is often necessary due to the limitations of certain tools but usually requires additional development skills.
iPaaS is rapidly becoming the top integration technology
As numerous independent market research studies have shown, integration platform as a service (iPaaS) is by far the fastest-growing sector of the integration market. Boomi’s survey follows that trend: 95% of organizations utilizing an integration solution reported that they will use iPaaS in the next 12 months. Diving deeper, 44% of those already using an integration solution have iPaaS in place now, 40% are in the process of iPaaS deployment and 11% plan to adopt iPaaS within a year.
Connectivity drives multimillion-dollar revenue growth
An integration solution dramatically reduces costs. Boomi’s respondents reported an average savings of $2.7 million since implementing an integration solution. Those savings are seen in IT and other departments as the organization transitions to a faster, more connected business. Nearly nine in 10 (86%) of businesses surveyed saw revenue growth as an outcome of becoming a more connected business. On average, Boomi’s respondents expected revenue to jump 10% within a year of becoming a connected business. That translates into an average of $491 million among respondents, including a sizable number of large enterprises.
A low-code approach minimizes the time and cost of innovation
More than 40% of organizations today use low-code solutions. Survey respondents cited ease of application maintenance as the most important benefit of low-code integration development. Low-code directly reduces overhead for ongoing IT support. Respondents also cited better developer collaboration (47%) and faster time to market (45%). Fundamentally, low code liberates developers from routine chores to focus on innovations that build a connected business.
Improved productivity is the #1 benefit of a connected business
Poor productivity is hard to avoid when employees have to waste time accessing, copying, pasting and manipulating information from a sprawl of disconnected applications. More than two-thirds of survey respondents (67%) cited improved productivity as the #1 benefit of becoming a more connected business, as it reduces cost and accelerates internal and customer-facing processes. Better data accessibility (61%) and more efficient workflows (53%) are also high on the list, as is increased profitability, cited by 47%.
Avicado, Boomi and the Path to Connected Success
The findings from Boomi’s survey show that organizations investing in integration and connectivity accelerating productivity and driving significant revenue growth. For owners, the message is clear: becoming a connected business is no longer optional; it’s essential for staying competitive.
At Avicado, we partner with Boomi to deliver the expertise and technology owners need to achieve connected business transformation. Boomi’s low-code integration platform, combined with Avicado’s industry-specific knowledge, ensures seamless implementation and ongoing support tailored to your unique needs. Whether it’s integrating systems, improving data accessibility, or streamlining workflows, we’re here to help you unlock the full potential of your business.
Ready to take the next step in your connected business journey? Contact us today to learn more about how Avicado can help you achieve your goals and build a stronger, more connected future.
