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Home Technology Big Data, Analytics & Intelligence

Study shows EDA delivers exponential ROI

FutureCIO Editors by FutureCIO Editors
May 4, 2023
Photo by Abet Llacer: https://www.pexels.com/photo/black-laptop-beside-audio-mixer-set-919734/

Photo by Abet Llacer: https://www.pexels.com/photo/black-laptop-beside-audio-mixer-set-919734/

The IDC Infobrief, Getting in Sync: Unlocking the Exponential Business Value of Real-Time Event-Driven Data Flow, revealed that as enterprises gain experience in their early applications of event-driven architectures (EDA), they recognise other areas of their business in which EDA could be beneficial.

Sponsored by Solace, the survey noted that 93% of companies that have deployed EDA across multiple use cases said EDA has met or exceeded their expectations. It also revealed that 82% of participants in the study plan to apply EDA to 2-3 new use cases within the next 24 months.

Mychelle Mollot

“It’s been clear for several years that event-driven architecture has become the de facto standard way businesses are becoming real-time, and the results of this survey confirm that,” said Mychelle Mollot, chief marketing officer at Solace.

She added that the survey results show how the market has evolved since a survey we conducted in 2021, and sheds light on the increasing ROI enterprises see as they advance toward enterprise-wide EDA.

The survey found that in addition to the technical advantages of EDA, most businesses also see clear business benefits: 23% of respondents reported increased productivity, 22% said better customer acquisition and 18% saw revenues increase because of their EDA efforts.

Shari Lava

“EDA maturity is linked to general digital maturity, as those with higher levels of EDA maturity generally exhibit the strategic and change management support needed to sustain digital business initiatives,” said Shari Lava, research director for automation within the AI and automation group at IDC. “In fact, organisations with higher levels of EDA maturity were more likely to report being ahead of their peers in developing digital business models than those in early stages.”

The EDA journey

Expanding the footprint of EDA across the enterprise is a journey, and the survey also revealed that as benefits evolve over time, so do the challenges faced.  For organisations just getting started with EDA, the most common challenges are a lack of understanding of EDA benefits and inconsistent buy-in between business and IT.

As organisations progress and internal support increases, the most common concerns are keeping costs in check and finding the right use cases. Finally, companies, further along, run into change resistance as EDA affects an increasing number of processes across lines of business and partners.

Related:  Poor data foundations hinder orgs from capitalising on AI, study reports  
Tags: event-driven architectureIDCROISolace
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