Xiatech, the company behind machine learning powered composable hyper-integration platform, Xfuze, and OneStock, a distributed order management specialist, have released the results of their 2023 Business Value of MACH Technologies Global Survey.
This ran between June and September 2023, and included responses from business and technology executives at end user organisations from 12 countries around the world.
Supported by Adyen, Bloomreach, commercetools, Mercaux and the MACH Alliance, the findings reveal that organisations are creating quantifiable competitive advantage by tapping MACH (Microservices, API-first, Cloud native SaaS, Headless) technologies.
Nearly half of the survey respondents witnessed a return on MACH investment.
Other findings include:
Overall, 70% of organisations have generated measurable business value from MACH.
27% have generated annual revenue between £1 million and £2 million from their MACH investment.
65% have generated savings of up to £1 million per year.
The top three objectives of measuring the value of MACH technologies that came out of the survey are as follows: 35% of executives look at accelerating time to market, followed by improving operational efficiencies (25%) and generating revenue (20%)
“The unique insights from the survey will help business and technology teams to assess, benchmark and further plan the next steps in their digital transformation strategy so they deliver the greatest return on MACH related technology investments,” says Jonathan Summerfield, CEO at Xiatech.
Romulus Grigoras, CEO at OneStock, comments: “The findings from this survey are really insightful and it’s great to see that 70% of these organisations are experiencing real business value from their MACH investments.”
“We’re delighted to be helping many of our customers’ and partners’ achieve business outcomes such as time to value as they leverage MACH technologies, and it’s great to see this reflected globally in the survey, with 35% of respondents experiencing time to market as a key business outcome.”
Holly Hall, Managing Director, MACH Alliance, says, “This is an important initiative that looks to uncover the tangible value of MACH technologies, which are a proven enabler for IT and business leaders to ensure the long-term success of their organisations.”
View Original Article
