Dell Boomi (Boomi), a provider of cloud integration and workflow automation software, says it plans to increase its investment in R&D by more than 50% as part of its mission to help enterprises connect everything and engage everywhere across any channel, device or platform.
According to the company, a clear trend toward greater connectivity was identified in a Vanson Bourne survey “The Connected Business: Improving integration and creating connectivity in 2018,” which highlighted the impact poor integration can have on organizations. Nearly two thirds (64%) of enterprises have missed at least one opportunity in the past 12 months due to poor connectivity, with a further 11% admitting they may be missing opportunities without even realizing.
Eighty-six percent of IT decision makers said they believe becoming a more connected business would mean revenue growth for their organization over the course of 12 months. Despite the potential to achieve an average revenue growth of 10% or approximately $500 million within this timeframe, the report found that six in 10 (59%) think their organization is struggling to become more connected. Additionally, the report stated more than half of CIOs surveyed said successful integration will be crucial to remaining competitive over the next 5 years.
Organizations without cloud integration capabilities are experiencing digital disruptions and missing the potential for significant productivity gains, said Boomi CEO Chris McNabb, who noted that more companies addressing their current enterprise needs by deciding to modernize and move to best-of-breed cloud applications.
As part of the increased R&D investment Steve Wood, came to Boomi through the acquisition of ManyWho, a cloud and low-code development platform, in March, 2017, has been promoted to chief product officer.
For more information, go to www.boomi.com.