78% of executives view improving apps as a top business priority

78% of executives view improving apps as a top business priority

 

  • Research from Forrester and VMware shows applications are key to customer experience
  • 48% of organisations admit its been more than a year since they made any improvements to their application portfolios

Global executives recognise the vital importance of

customer experience to business performance,

with 82% directly tying customer experience to revenue

growth. And it is applications, the way businesses deliver

their services and engage their audiences, that are critical:

88% believe customer experience will be improved by

enhancing their application portfolios. As a result, more

than three quarters (78%) of executives consider

improving their applications a top business priority,

according to findings from a recent commissioned study,

conducted by Forrester Consulting on behalf of VMware.

However, despite this recognition, many organisations find

themselves behind the curve. Forty-eight per cent admit it’s

been more than a year since they made any improvements

to their application portfolios, while a third (34%) have

either not started or are unsure whether work has begun.

As a result, 46% of the 600 CIOs and SVPs* studied admit

they are only moderately effective – or worse – at delivering

positive customer experiences.

Multiple challenges are cited by executives as to why

application modernisation has not been prioritised. Funding

was highlighted by 76% of them – as well as the difficulty

of aligning strategy across multiple departments (72%),

and resistance to change from IT teams (70%). These are

exacerbated by IT-specific roadblocks, including too great

of an existing investment in legacy applications, the

difficulty of securing sensitive data and a significant lack of

staff expertise in cloud and edge computing.

Yet the business impact from application improvements are

significant: 40% of executives that have enhanced their

portfolios identify increased revenue generation, while

37% note increased customer satisfaction and 32% the

acquisition of new customers.

“An organisation’s ability to adapt has most certainly been

put to the test in 2020, and those that have found ways to

use new apps to engage customers to maintain, if not

boost, performance have become a differentiator,” says

Rasheed Al Omari, Principal Business Solutions Strategist,

SEMEA VMware. “To move at the speed required, a digital

foundation remains essential; to create, run, manage,

connect and intrinsically protect those apps critical to

adapting to 2020’s seismic business and employee shifts.

The simpler it is to connect these dots, the more effectively

businesses can drive relevant new services and customer

experiences to adapt, survive and even thrive.”

*The Improving Customer Experience and Revenue Starts

With the App Portfolio, a commissioned study conducted by

Forrester Consulting on behalf of VMware, interviewed a

total of 614 respondents, consisting of Chief Information

Officers and Senior Vice Presidents from North America,

EMEA and APAC. Survey respondents were from companies

of over 2,500 employees across financial services,

healthcare, government, telco and retail.

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