Future of Work Survey Report #2: Business requests for new software applications soaring globally, but 50-percent end in failure
European companies make significantly more requests than U.S. companies, but all are held back by technical debt and development complexity
LONDON, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Appian (NASDAQ: APPN) today announced the second set of findings from its Future of Work global survey, conducted by IDG. According to the data, European companies are even more overloaded in trying to meet the required pace of digital business transformation than U.S. companies. An average EMEA enterprise generates 230 internal requests for new business software applications and major feature enhancements every year. In Germany that figure is as high as 306, in France it’s 263, and in the U.K. it’s 137. The European average is well above the U.S. figure of 153 requests.
Despite this disparity, global success rates are all equally dismal. Across all surveyed geographies, 50% of all new app development requests end in the failure. They are either not delivered at all, or are delivered without meeting the business need.
The research, being released in a series of reports, examines the state of business transformation and its impact on the future of work. Key findings from the survey of senior IT leaders across the U.S., U.K., Germany, France and Spain include:
- 16% of new development projects requested by EMEA enterprises never get started (compared to 14% in the U.S.)
- 14% of new EMEA development projects are started but never finished (compared to 16% in the U.S.)
- 20% of new development projects in both EMEA and the U.S. are delivered but don’t meet the business need
Digital demand is spreading through the enterprise
Demand for new development projects is now generated across the enterprise, showing that all business units are looking for ways to change how they operate in the Digital Age. In the U.S., marketing is still somewhat more likely than other departments to request new apps, while EMEA skews slightly to finance and accounting. The survey data shows the following breakdown of business unit app development requests in the U.S and EMEA:
- Finance requests 14% (U.S.)/16% (EMEA) of all new applications and features
- Marketing requests 19% (U.S.)/16% (EMEA)
- Sales requests 17% (U.S.)/18% (EMEA)
- Customer service/Contact centers request 16% (U.S.)/17% (EMEA)
- R&D requests 15% (U.S.)/16% (EMEA)
- Legal 11% (U.S.)/10% (EMEA)
- All other departments request a further 7% (U.S.)/8% (EMEA)
Enterprises are piling up technical debt
Across the board, IT departments are struggling – and failing – to meet evolving business requirements, primarily due to the slow pace of coding and issues related to technical debt.
Technical debt is the implied cost of additional rework caused by choosing an easy solution now over the right solution. It also reflects the “lost opportunity” cost of not developing the right application needed to take advantage of a market opportunity. IT organizations spend 50% of their time coding new apps and enhancements - but they lose about two-fifths of their development time to technical debt (39% U.S./36% EMEA). Overall, the global business impact of technical debt is:
- 55% - Higher operational expenses
- 52% - Simple software enhancements take much longer than expected
- 47% - Reduced performance and scalability
- 35% - Longer time-to-market
- 17% - Customer-experience improvements are not made
When asked how to combat technical debt, the number #1 response from survey participants – 53% – was “look for new ways to accelerate application development.”
Enterprise low-code: a new approach
Enterprise low-code development platforms accelerate application creation with robust but easy-to-use drag-and-drop visual design tools. They also ensure that all applications are connected, governed, and future-proof. This gets applications and features to market faster without creating new application silos, or compromising on quality, performance, and experience. As a result, enterprises can minimize technical debt and react quickly in seizing new market opportunities.
“The survey data shows that all companies must accelerate IT development without sacrificing quality or accumulating more technical debt,” said Appian CEO Matt Calkins.
The Future of Work survey, conducted by IDG, gathered responses between August and September 2018. Respondents comprised of 500 IT leaders (50% C-level, all Director or above) with at companies with over 1,000 employees. For this leg of the survey, 50% of respondents were U.S. based, and 50% were from Europe (U.K., France, Germany, and Spain). To qualify for the survey, respondents also had to be undergoing digital transformation efforts for at least one year.
Appian provides a software development platform that combines intelligent automation and enterprise low-code development to rapidly deliver powerful business applications. Many of the world’s largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk and compliance.
For Information Contact:
Director of Media Relations
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3aed1b16-30be-4d30-899e-38c3cf76c6f9
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Følg saker fra GlobeNewswire
Registrer deg med din epostadresse under for å få de nyeste sakene fra GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra GlobeNewswire
Open Compute Project Announces Updated Market Forecast22.2.2019 16:39:00 | Pressemelding
Open Source Foundation Exceeds 2018 Forecast for Non-Board Member Adoption, Tops $2.56 billion and expected to surpass $10 billion by 2022. Austin, Texas, Feb. 22, 2019 (GLOBE NEWSWIRE) -- The Open Compute Project Foundation (OCP) announces today the high level results of a follow up assessment of the market impact of the Open Compute Project worldwide. For a second year, OCP has engaged IHS Markit, a world leader in critical information, analytics and solutions, to determine the adoption and impact of OCP gear in the technology industry. Since its inception, OCP has worked to drive innovation in and around the data center industry, bringing together thousands of engineers from nearly two hundred member organizations. The demands on the modern datacenter continue to expand with the growth of IOT, security and edge computing, as well as increasing energy consumption requirements. IHS Markit interviewed OCP members, suppliers and service providers, as well as incorporated their own in-de
Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%22.2.2019 11:00:00 | Pressemelding
Fourth Quarter 2018 Highlights Record fourth quarter sales of $10.1 billion up 5% from the fourth quarter of 2017 Cash from operations of $1.6 billion Returned $585 million to shareholders through share repurchases and dividends Raised quarterly cash dividend by 11% to $0.365 per share Full Year 2018 Highlights Record sales of $40.8 billion, up 12% from 2017 Record diluted earnings per share of $6.61, an increase of 13% Record cash from operations of $3.7 billion Returned approximately $2.3 billion to shareholders through share repurchases and dividends AURORA, Ontario, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2018. THREE MONTHS ENDED DECEMBER 31, YEAR ENDED DECEMBER 31, 2018 2017 (2) 2018 2017 (2) Reported Sales $ 10,137 $ 9,684 $ 40,827 $ 36,588 Income from operations before income taxes $ 607 $ 765 $ 2,951 $ 2,985 Net income attributable to Magna International I
IMImobile announces integration of WhatsApp Business solution into its enterprise cloud communications platform IMIconnect22.2.2019 10:37:00 | Pressemelding
The WhatsApp Business solution will be made available across its enterprise cloud communications platform IMIconnect allowing businesses to launch business-to-consumer communications on WhatsApp LONDON, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Global cloud communications software and solutions provider IMImobile PLC, today announced the integration of the WhatsApp Business solution into its enterprise cloud communications platform IMIconnect. The WhatsApp Business solution enables businesses to connect with over 1.5 billion users in a simple, reliable, and private way across 180 countries worldwide. As a WhatsApp Business solution provider, the IMIconnect platform will enable enterprises to seamlessly integrate the WhatsApp Business solution into their customer communications strategies, and drive engagement through intelligent and context-aware messaging. “We are excited to announce the integration of the WhatsApp Business solution today in our IMIconnect platform. We understand that today’s
Nordic Innovators Cloudstreet and Domos Partner to Deliver an End-to-End, Application-Aware 5G Experience to the Home22.2.2019 09:00:00 | Pressemelding
Cloudstreet’s carrier-grade API and Network Slicing platform with Domos’ Machine Learning Solution for home networks delivers intelligent connectivity out of the box Barcelona, Spain., Feb. 22, 2019 (GLOBE NEWSWIRE) -- Finland’s Cloudstreet, the US-patented Network Slicing Company, and Norway’s Domos, a leader in Machine Learning technologies for the smart home, are pleased to announce that they have teamed up to create the industry’s first end-to-end, intelligent application and context-aware network slicing solution for home networks. The solution will be on display February 25-28 at the Mobile World Congress in Barcelona in Hall 5, stand 5C41. A perfect example of MWC’s aspirational theme, “Intelligent Connectivity”, the solution closes the loop on delivering a 5G experience to fixed wireless home networks. The combined technologies solve two key, last-mile problems that have plagued mobile-enabled home networks: 1) How to build application-awareness into the network without comprom
General Electric Company: Doc re. GE Files Form 8-K22.2.2019 08:00:00 | Pressemelding
FAIRFIELD, Conn., Feb. 22, 2019 (GLOBE NEWSWIRE) -- Company General Electric Company ISIN US3696041033 Symbol London: GEC | Paris: GNE Headline Doc re: GE files Form 8-K February 21, 2019 On February 21, 2019, General Electric Company (the "Company") filed a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"), which has been submitted to RNS. It is also available on the SEC's website at http://www.sec.gov and on the Company's website at https://www.ge.com/investor-relations/events-reports. http://www.rns-pdf.londonstockexchange.com/rns/8048Q_1-2019-2-21.pdf CONTACT: GE Jennifer Erickson +001 646 682 5620 firstname.lastname@example.org This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact email@example.com or visit
Northland Power Reports Full Year and Fourth Quarter 2018 Results22.2.2019 02:52:00 | Pressemelding
Results Reflect Successful Growth Strategy with Free Cash Flow per Share Up 30% and Adjusted EBITDA Up 17% TORONTO, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for the three months and year ended December 31, 2018. “2018 was a significant year for Northland. We continued to operate safely and efficiently, achieving strong growth in free cash flow and adjusted EBITDA,” said Mike Crawley, President and Chief Executive Officer of Northland. “Construction of Deutsche Bucht project remains on time and on budget, and we also remain well-positioned for continued growth. Our expansion into Asia has gained further traction, with the first of the three Hai Long offshore wind projects securing all approvals and permits. The next step for this 300 MW project will be executing its PPA.” Highlights: 2018 Financial Results Sales increased 13% from $1.4 billion in 2017 to $1.6 billion and gross profit increased 17% t