IT firms unprepared for competitive threats, others
While a majority of businesses believe they are agile, Oracle’s research highlighted that many organizations cannot flexibly manage workloads or rapidly develop, test, and launch new applications, leaving them poorly prepared to deal with competitive threats.
The study also found a lack of awareness among businesses around how technology, like Platform-as-a-Service (PaaS), can be used to help address these challenges.
The Oracle Cloud Agility study surveyed 2,263 employees working for large global enterprises to understand business agility in the age of cloud. The results show that 64 per cent consider their organization to be agile (that is able to adjust quickly to new business opportunities or to iterate new products and services quickly). When looking at the United States, businesses are even more positive, with 66 percent believing their business to be agile.
Respondents were clear about the benefits of agility, with 81 per cent stating that the ability to rapidly develop, test, and launch new business applications is either critically important or important to the success of their business, falling to 76 per cent in the United States. In particular, nearly one-third of respondents (29 per cent) believe the effective mobilization of applications and services is the most important factor in business success today when it comes to IT infrastructure.
The study also revealed that the impact of agility on competitiveness is critically important to businesses. In fact, the ability of competitors to launch innovative customer services more rapidly was identified as the top threat by businesses (27 per cent). Fifty two percent of global respondents indicated that their business does not have an IT infrastructure capable of meeting competitive threats. Those surveyed in the United States aligned exactly with their global counterparts, as 52 per cent noted that their IT infrastructure was insufficient to meet competitive threats.
Significantly, the survey revealed that the agility benefits delivered by PaaS are not being leveraged. In fact, nearly half of businesses (49 per cent) surveyed either cannot, or do not know if they can shift workloads between public, private, and hybrid clouds, and migrate on-premises applications to the cloud. Additionally, only 50 percent of businesses can develop, test, and deploy new business applications for use on mobile devices within six months, with this figure falling to just 30 percent within a one-month timeframe.
“Businesses clearly know agility holds the key to their success, but there is an awareness gap around exactly how this agility can be realized through the right technology investments,” said Group Vice President, Oracle, Robert Shimp, adding, “today, PaaS can enable businesses to build new applications quickly – in as little as two weeks – allowing them to launch new internal and customer-facing applications rapidly. This capability allows organizations to respond almost immediately to market conditions and get their products and services to customers ahead of the competition.”