The research indicates that businesses are missing opportunities to unlock innovation more quickly and more effectively due to legacy technology and historical misperceptions about the role of IT departments. According to the report, more than 70 per cent of IT teams felt that if they had more opportunity to be flexible in their approach to technology, benefits would include increased competitiveness (36 per cent), more time to focus on innovation (31 per cent), the elimination of shadow IT (30 per cent), a 12 per cent increase in revenue and 10 per cent decrease in costs over the next 12 months.
The new study, that looked at the current state and perceptions of the IT department in U.K, U.S., Germany, Singapore, France and Australia, reveals that daily tasks, such as maintaining data security and privacy and legacy systems, are taking so much time that opportunities to innovate and transform are being missed in many businesses.
‘For the last two decades, legacy IT infrastructure held back businesses from innovating on their terms. The IT department has found itself having to say ‘no’ to new business opportunities too often. It wasn’t supposed to be that way,’ said Christine Heckart, chief marketing officer and senior vice president of ecosystems, Brocade. ‘Modern New IP technologies unlock the power of the network as a platform for innovation enabling the IT department to be able to say ‘yes’ to all kinds of business opportunities that surface daily in today’s era of digital transformation. The network is the critical key to unlocking the power of digital transformation and freeing the IT department from legacy constraints that hinder innovation.’
While digital transformation is a big priority, IT professionals are faced with making trade-offs that impact their ability to embrace new technologies and approaches. Eighty-seven per cent of respondents are currently adopting digital transformation strategies, with 94 per cent claiming their CIO views this as vital to achieving business objectives, yet almost four fifths state they are restricted in their ability to support it adequately. This is due to lack of budget, security concerns, the inflexibility of current systems, and the time drain of maintaining legacy systems.
Perhaps unsurprisingly, 88 per cent identified situations in the last year where the IT team has had to defer or decline requests that would have clearly benefitted the business, with over half saying that these situations resulted in missing short-term business benefits. According to the report, more than 70 per cent of IT teams felt that if they had more opportunity to be flexible in their approach to technology, there would be clear business benefits, including increased competitiveness. Respondents also claimed that the business’ bottom line would benefit, projecting that the ability to innovate to a greater degree could result, on average, a 12 per cent increase in revenue and a 10 per cent decrease in costs over the next 12 months.