Application Development Leaders Bolster Their Businesses
The CA Technologies survey also suggested businesses face internal obstacles in addressing the application economy, including cultural issues.Leaders who are investing in new innovation and development capabilities are growing revenue at more than twice the rate of laggards, creating an application divide in the marketplace, according to a survey of 1,450 senior business leaders across 13 countries. The study, commissioned by CA Technologies, found more than 50 percent of companies surveyed either have made, or will make in the next year, an acquisition specifically to add talent and strengthen their development capabilities. Enterprises responding to the rapid changes brought about by the accelerating application economy are bringing more software development back in-house (from 33 percent to 44 percent). "The application economy is having broad, pervasive impact on enterprise strategy, and it is senior management’s job to put in place the organizational transformation needed," John Michelsen, chief technology officer at CA Technologies, told eWEEK. "While a strategic IT overhaul may seem expensive or difficult, companies who refuse to adapt to the new application economy will continue to lag behind."
In addition, 94 percent of Line of Business (LOB) executives are facing increased pressure to release applications more quickly to satisfy consumer demand, with 51 percent of businesses surveyed having released at least four customer-facing applications in the last year alone.