2. Growing up of a composite business
As pressure to innovate faster continues to grow, organizations will seek even greater agility, leading to an increased push toward composite and event-driven architectures.
The 2020s will be the era of seamless digital experiences. To make this a reality, organizations need to think carefully about how to become more agile, leading to a new era of event-driven architectures and composite businesses.
According to MuleSoft, as the digital economy unfolds, organizations are under tremendous pressure to get things right for the end user. According to PwC, one in three consumers will abandon a favorite brand after one bad experience. One of the most effective ways for organizations to become more agile and meet rapidly growing expectations is to become a composite business built on reusable APIs. These APIs can be used to turn an organization’s digital capabilities and data into a series of interchangeable building blocks that employees can reuse to create their own solutions.
The digital commerce of the future is a great example of a connected and composite model. Gartner defines it as a “composite enterprise,” and composite commerce is an expression of this idea applied to commerce infrastructure.
The idea of a composite business is based on four main principles:
greater flexibility due to modularity;
better leadership through orchestration;
sustainability through autonomy.
Reusable APIs are a great way to achieve composability, which indonesia mobile database why 96% of global organizations already use public or private APIs. After examining API concepts and differentiation with a focus on event-driven APIs and architectures, the researchers found that such architectures are more flexible and extensible than their RESTful counterparts, supporting the fluid, real-time interactions that consumers expect today.
According to the study, four in five organizations recognize the need to make data and integrations available to business users to improve productivity, deliver connected experiences, and drive innovation. Thirty-six percent of organizations say they have a mature approach to enabling non-IT users to easily integrate applications and data sources via APIs. Forty-four percent of organizations say they are developing plans to make this possible.
3. Business technologists' finest hour
With the growing digital imperative, business technologists will come to the fore as important partners in IT departments' efforts to accelerate innovation.
According to MuleSoft, the volume of digital initiatives has doubled during the pandemic, putting even more pressure on already-stressed IT teams to keep up with business needs. In 2022, business technologists will relieve some of that pressure by working with IT teams to accelerate innovation. Gartner found that organizations that successfully leverage business technologists are 2.6 times more likely to accelerate digital business outcomes. But they need the right tools to do so.
Greater speed due to discoveries
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