The need for digital transformation dominates business strategy today, and there are two obvious consequences for IT. Demand for application development is at an all-time high, and speed and agility are more important than ever before.
As aptly put by Forrester Research, today “every company is in the software business.”1 Also, fast iterative delivery of high-quality software is the name of the game. If you’re in any doubt about these claims, then consider this. The average tenure of companies in the S&P 500 has plummeted from 60 years to less than 20 years since the 1950s and is forecast to be just 12 years a decade from now.
In a world that is changing at breakneck speed, the ability to identify and respond to digital innovation opportunities more quickly than your competitors will determine if your company sinks or swims.
Every company is in the software business because innovation and differentiation don’t come from neatly packaged off-the-shelf solutions. And, if you want to get to market first, you need the courage for high-speed experimentation. This is no place for glacial, multi-month ERP-style projects.
This is the backdrop to our fifth annual survey of IT professionals as we seek to understand the state of application development better. We set out with five critical questions in mind:
- How are organizations' app dev priorties adjusting to this digital age?
- What are the main challenges to meeting app dev goals?
- What strategies are IT teams employing to increase app dev capacity and speed?
- Are these strategies working to overcome resource constraints, and reduce backlogs?
- Are new app dev practices such as low-code and citizen development making a difference?
¹ For more information on the OutSystems Group of Companies, visit the Outsystems website.