Focus on Business Resilience, Agility and Empowering
Developers Helps Organizations Continue to Drive Transformative
Modern Application Projects
SANTA
CLARA, Calif., July 12,
2023 /PRNewswire/ -- Couchbase,
Inc. (NASDAQ: BASE), the cloud database platform company,
today released the findings from its sixth consecutive digital
transformation survey of global IT leaders. The research shows
that, despite shifting digital transformation goals, enterprises
are still investing heavily in IT modernization and implementing
new projects. A focus on operational efficiency is influencing how
global enterprises invest in digital transformation initiatives.
Nearly 60% of enterprises surveyed reported that their key
modernization goal is to improve business resilience and efficiency
in the face of the evolving global economy. And findings revealed
that enterprises' top IT investment priority in 2023 is empowering
developers to build modern applications.
The survey of 600 senior IT decision makers1 found
that enterprises plan to invest on average $33 million in the next 12 months. At the same
time, digital transformation priorities have shifted. 78% of IT
decision makers confirm their main priorities for transformation
have changed in the last three years. 54% say their digital
transformation focus has become more reactive to market changes and
customer preferences in order to help the wider organization stay
agile.
While these changes in digital transformation goals have helped
businesses build resilience and weather a dynamic economy, they
have not drastically slowed transformation. More than half (53%) of
enterprises are either on target or ahead of their planned
progress.
"IT modernization and digital transformation are vital strategic
initiatives for an enterprise – whether helping to adopt new
technologies like generative AI, creating new services or building
resilience in times of uncertainty," said Ravi Mayuram, CTO at Couchbase. "These survey
results show how an efficient approach to digital transformation,
taking full advantage of advances in data, cloud and AI can help
with business resiliency, and at the same time pursue new growth
opportunities. And rightly so, empowering developers has emerged as
a key priority for enterprises, demonstrating their commitment to
innovation."
Other key findings include:
- Modernization enhances business resilience: 57% of
respondents said their enterprise's key digitization goal is to
improve business resilience and efficiency in the face of an
evolving global economy. Increased business resilience was the most
common benefit from digital projects in the past 12 months, while
increased profitability, employee productivity and application
performance are the expected benefits for the next 12 months.
- Pressure to embrace new technologies: IT leaders are
most commonly under pressure from the wider business to adopt
serverless computing (identified by 42% of respondents), edge
computing and IoT (40%) and low- or no-code technologies (39%). And
while AI demonstrates a huge promise in accelerating and
transforming businesses, it is still early days. IT teams are under
less pressure today to adopt large language models (LLMs) such as
ChatGPT, with 35% under pressure to adopt this technology. Web 3.0
and augmented or virtual reality were less of a priority.
- Developer productivity in the spotlight: Digital
transformation projects are a key focus for developers. Pressure
from developers on their organizations to support agile development
and innovation (44%), and empowering developers to build more
applications to meet customer needs (44%) were the top two drivers
behind individual transformation projects. Furthermore,
enterprises' top IT investment priority switched from improving
application performance in 2021 to empowering developers in
2023.
- IT spending under increased C-level scrutiny: 49%
of respondents say their CFO is managing budgets in more detail and
asking more questions about IT investment, while 37% say the
pressure to achieve transformation with less budget and staff
resources has increased in the last 12 months. And 35% say their IT
department is under more strain than at any point in the last five
years. This suggests that IT leaders are looking for ways to show
cost efficiencies and reduce total cost of ownership.
- Enterprises report project challenges and
delays: Issues such as a lack of buy-in within the
business, an inability to secure or stay within budgets and
reliance on legacy technology meant enterprises experienced
projects failing, suffering delays or being canceled. This cost
organizations on average $4.4 million and forced 68% of
organizations facing modernization challenges to push digital
transformation goals back by more than three months.
- High expectations and hopes for creative modernization
projects: While there have been challenges, research
showed that 38% of IT teams are focusing on tangible modernization
projects that will provide immediate results. Furthermore, 100% of
enterprises have implemented or identified opportunities for
creative digital transformation projects that seemed impossible at
the end of 2021. This suggests that modern tech continues to push
the boundaries of what is possible for business transformation,
drive innovation and inspire new next-gen apps.
"It's clear that IT and business leaders recognize the
importance of investing in modernization to drive transformation
and achieve their short- and long-term goals efficiently,"
continued Mayuram. "Organizations must make sure they are giving
development teams the tools required to build modern, powerful and
innovative applications to meet any use case in a cost-effective
way. This will help them meet their customer demands faster and
continue to maintain their leadership position."
Read the full Couchbase report here.
Additional resources
- Developers can learn more about how easy it is to build modern
apps with the Couchbase Capella™
Database-as-a-Service here.
- For more information about Capella and to start a free
trial, visit this page.
- To learn how Couchbase drastically reduces the total cost of
ownership for customers, visit this page.
About Couchbase
Modern customer experiences need a flexible database platform
that can power applications spanning from cloud to edge and
everything in between. Couchbase's mission is to simplify how
developers and architects develop, deploy and consume modern
applications wherever they are. We have reimagined the database
with our fast, flexible and affordable cloud database platform
Capella, allowing organizations to quickly build applications that
deliver premium experiences to their customers – all with
best-in-class price performance. More than 30% of the Fortune 100
trust Couchbase to power their modern applications. For more
information, visit www.couchbase.com and follow us on Twitter
@couchbase.
Couchbase®, the Couchbase logo and the names and
marks associated with Couchbase's products are trademarks of
Couchbase, Inc. All other trademarks are the property of their
respective owners.
1 Methodology: Couchbase commissioned an online
survey, conducted in April-June 2023
by Coleman Parkes, an independent
market research organization. 600 heads of digital
transformation, such as CIOs, CDOs and CTOs, in organizations with
1,000 employees or more in the US, UK, France, Germany, Spain, Italy
and Turkey were surveyed.
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SOURCE Couchbase