How iPaaS Supports IT Cost Reduction Strategies
Remember when we all thought robots were coming to take our jobs? It turns out that was the opposite of the problem we needed to prepare for. Instead of a lack of positions, industries across the US (and around the world) are facing an unprecedented shortage of skilled employees.
This trend is particularly acute in IT departments, and leaders are scrambling to implement IT cost reduction strategies as they compete for a dwindling pool of experts they need now more than ever.
In 2020, only 4% of IT executives said a lack of talent was impeding their adoption of new technology. In 2021, that figure rose to 64%, and experts warn the battle to win and retain much-needed talent will only become more intense in 2023. And Gartner predicts that, by 2025, “‘labor volatility’ will cause 40% of organizations to report a material business loss, forcing a shift in talent strategy from acquisition to resilience.”
The Rise of IT Integration
The IT talent shortage has been driven by a range of factors, including unreasonable hiring requirements and the pandemic-driven “Great Resignation.” But the point where the skilled labor shortage and rising IT demand converge is the increased pace of digital transformation as companies look to modernize legacy systems to compete with their online-only rivals.
Enterprises looking to unlock siloed data and connect new technologies to aging architecture are turning to integration. The vast majority – 93% – of CIOs, developers, and system architects recognize their organization will benefit from integration. At the same time, just 7% have successfully implemented an integration solution – and a lack of skills ranks among the top five roadblocks.
The Solution: Low Code Integration Platforms
Faced with an urgent need to modernize and embrace new technologies, compounded by an IT talent shortage, companies are embracing low-code platforms that don’t require the services of niche experts to implement and use.
What are Low-Code Platforms?
Low-code solutions use intuitive visual interfaces that simplify development tasks so people without specialized coding expertise can build or customize the tools their organization needs.
Adoption of low-code platforms is increasing by over 20% annually, and Gartner predicts more than half of medium- to large-sized companies will be using low-code solutions next year. Analysts also estimate that 80% of technology products and services will be built outside the IT department by 2024.
The Benefits of iPaaS
An Enterprise Integration Platform-as-a-Service is a low-code integration solution that reduces pressures caused by the confluence of rising demand for modernization and the IT talent shortage, empowering team members with less expertise to take on tasks previously reserved for senior developers.
Source: The Total Economic Impact™ Of Digibee’s Enterprise Integration Platform As A Service (eiPaaS), a commissioned study conducted by Forrester Consulting on behalf of Digibee
Increased Developer Efficiency
Organizations interviewed for the report experienced a variety of developer productivity issues with their existing integration strategies, including:
- Skills shortages rendering IT teams unable to deliver integration projects on time
- Increasing complexity that platforms and teams could not support
- High volume of transactions breaking connections that then had to be rebuilt
The implementation of Digibee’s iPaaS dramatically improved developer efficiency in several ways:
- Visual drag-and-drop interface made building integrations faster
- Ability to reuse integrations once built reduced the number of integrations developers had to create
- Integrated logs and metrics simplified troubleshooting and monitoring tasks
- Simplicity of identifying and fixing errors nearly eliminated application rework
Reduced Labor Costs
Using the iPaaS, smaller IT teams were empowered to accomplish more work, helping enterprises reduce labor costs without compromising their ability to innovate.
- Increased developer efficiency meant fewer hours were allocated to building and maintaining integrations
- Improved oversight and maintenance meant fewer escalations were required
- The low-code integration platform allowed organizations to hire more junior developers for regular tasks, freeing up experts to focus on new projects
Let Digibee Help You Reduce IT Spend
Don’t let the global talent shortfall hold back your plans to modernize and compete in the digital-first world. Digibee has proven experience in helping enterprises increase developer productivity and reduce labor costs while dramatically reducing the time it takes to implement an integration strategy.
Download your copy of The Total Economic Impact™ Of Digibee’s Enterprise Integration Platform As A Service to learn more about the measurable benefits your organization could realize when you partner with Digibee...
– or book a demo to see our solution in action.
1A commissioned study conducted by Forrester Consulting on behalf of Digibee