Real-time data capabilities are great for business agility, but one survey shows that cost, talent and perception issues hamper APAC adoption.
In a novel survey of 840 people in roles ranging from C-Suite to IT architecture in August 2021 in nine countries across Europe, North America, Australia, and the Asia-Pacific region (APAC), some light has been focused on how organizations are striving to incorporate real-time data and ‘event-driven architecture’ into their IT landscape.
In APAC, 81% of respondents recognized the critical business value in adopting such an architecture, against 11% actually claiming to have implemented this type of architecture and attained maturity.
Overall, 64% of respondents in APAC perceived that the benefits outweighed or equaled the costs of using event-driven architecture, partly driven by the opportunity cost of not leveraging real-time data capabilities:
● Hindered ability to innovate (51%)
● Non-optimal decision-making due to inconsistent and out- of-date information (47%)
● Slower response to threats and opportunities (44%)
According to Phil Scanlon, Vice President of field technology (APJ & ME), Solace, the firm that conducted the survey: “The appetite for real-time data sharing as a means of coping with constantly changing landscapes is increasing. Businesses in the APAC region are under unprecedented pressure, with shifting customer demands pushing them into adapting and innovating.”
Other survey findings
Despite high levels of enthusiasm for real-time data capabilities, the APAC data showed:
- 11% of respondents claimed to have achieve maturity in the architecture
- 78% of respondents cited lack of adequate technology as a key roadblock
- 59% of respondents had not identified the right tools and vendors to meet their needs
- 39% cited a lack of talent to execute implementation
- 37% cited inadequate education on the benefits
- On the IT side, 54% of respondents saw the need for such architectures
- On the business side, 17% of respondents could not reconcile bottom-line benefits from the adopting the architecture
“Whatever their level of maturity, organizations face some common challenges around education, skills, and efficiency,” Scanlon noted.