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Event-driven architecture boosts productivity, revenue - report
Fri, 21st Apr 2023

Solace, the enabler of event-driven architecture (EDA) for real-time enterprises, has announced the release of the IDC Infobrief, Getting in Sync: Unlocking the Exponential Business Value of Real-Time Event-Driven Data Flows.

The Infobrief is based on the results of a survey of more than 300 enterprise IT professionals in North America, Asia and Europe, all of whom work for companies with over 1,000 employees that are implementing or considering EDA.

The survey revealed that as enterprises gain experience in their early applications of EDA, they recognise other areas of their business in which EDA could be beneficial. This is reflected by the fact that 82% said their company plans to apply EDA to 2-3 new use cases within the next 24 months, and 93% of companies that have deployed EDA across multiple use cases said EDA has met or exceeded their expectations.

Mychelle Mollot, Chief Marketing Officer at Solace, comments, "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.

"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 technical advantages from EDA, most businesses also see clear business benefits: 23% of respondents reported increasing productivity, 22% said better customer acquisition, and 18% saw revenues increase as a result of their EDA efforts.

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, automation within the AI and automation group, 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 report states.

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 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.

The results of this survey are comparative to the findings from a 2021 study, also sponsored by Solace, which was the first ever focused specifically on EDA. The 2021 study concluded that although the majority of respondents recognised the critical business value in embracing EDA, adoption was still early days and required more support from business leadership in order to move forward.