Multiple sectors see ROI ramp up as something they can embrace
Solace, the leading enabler of event-driven architecture (EDA) for real-time enterprises, today announced the release of the IDC Infobrief, sponsored by Solace, Getting in Sync: Unlocking the Exponential Business Value of Real-Time Event-Driven Data Flows. The Infobrief is based on the results of a survey of over 300 enterprise IT professionals in North America, Asia and Europe, all of whom work for companies with over 1,000 employees that are implementing or considering EDA.
The survey revealed that as enterprises gain experience in their early applications of EDA, they recognize other areas of their business in which EDA could be beneficial. This is reflected by the fact that 82 per cent said their company plans to apply EDA to 2-3 new use cases within the next 24 months, and 93 per cent of companies that have deployed EDA across multiple use cases said EDA has met or exceeded their expectations.
“It’s been clear for several years that event-driven architecture has become the de facto standard way businesses are becoming real-time, and the results of this survey confirm that,” said Mychelle Mollot, chief marketing officer at Solace. “The survey results show how the market has evolved since a survey we conducted in 2021, and sheds light on the increasing ROI enterprises see as they advance toward enterprise-wide EDA.”
The survey found that in addition to technical advantages from EDA, most businesses also see clear business benefits: 23 per cent of respondents reported increasing productivity, 22 per cent said better customer acquisition, and 18 per cent saw revenues increase because of their EDA efforts.
“EDA maturity is linked to general digital maturity, as those with higher levels of EDA maturity generally exhibit the strategic and change management support needed to sustain digital business initiatives,” said Shari Lava, research director, automation within the AI and automation group, IDC. “In fact, organizations with higher levels of EDA maturity were more likely to report being ahead of their peers in developing digital business models than those in early stages.”
Expanding the footprint of EDA across the enterprise is a journey, and the survey also revealed that as benefits evolve over time, so do the challenges faced. For organizations just getting started with EDA, the most common challenges are lack of understanding of EDA benefits and inconsistent buy-in between business and IT. As organizations progress and internal support increases, the most common concerns are keeping costs in check and finding the right use cases. Finally, companies further along run into change resistance as EDA affects an increasing number of processes across lines of business and partners.
To learn more, download the full IDC Infobrief here. In addition, sign up for the 2023 EDA Summit taking place Wednesday May 10, and hear firsthand from IDC Research Director Shari Lava, author of the Infobrief, who will introduce and explain the results of the survey in more detail.
The results of this survey are comparative to the findings from a 2021 study, also sponsored by Solace, which was the first ever focused specifically on EDA. The 2021 study concluded that although most respondents recognized the critical business value in embracing EDA, adoption was still ‘early days’ and required more support from business leadership to move forward.
