The TechTarget/Computer Weekly IT Priorities 2022 survey found that budgets are increasing. Among larger organizations, there is an increasing emphasis on the use of application programming interfaces (APIs). This offers companies a way to achieve a positive business outcome by developing a value chain through an ecosystem of partners and the strategic use of third-party services.
The survey of more than 265 IT decision makers found that while the pandemic has delayed or disrupted many projects, especially “on-premises” projects, plans for 2022 point to recovery at or above pre- pandemic.
Only 9% of companies expect a decrease in budget from 2021 levels, compared to 38% during the pandemic; 46% say they plan to increase their IT budget by 5% or more; while 45% say their IT budget for 2022 has remained about the same.
For large organizations that took part in the TechTarget/Computer Weekly IT Priorities 2022 survey, API management tops the agenda for 2022. API management also shares the top spot with business process automation in terms of app integration initiatives for 2022.
Nearly a quarter (24%) of IT decision makers make hybrid integration a top priority for 2022, suggesting that hybrid integration platforms are also gaining momentum as IT environments become more more and more complex.
Analyst Gartner recently predicted that full lifecycle API management technologies and practices will enable all organizations, regardless of size, region, or industry, to accelerate growth. Some of the top companies offering API management tools include Google, IBM, Kong, Microsoft, and Mulesoft.
The latest from Gartner Magic Quadrant for Full API Lifecycle Management report, published in September, found that the market for these products grew by 24% in 2020, reaching $2.1 billion, despite a difficult year.
It’s no surprise that larger enterprises see benefit in making APIs a top priority. In April 2021, harvard business review published an article on the business benefits of having a post-pandemic API strategy. Covid-19 has forced every business to reevaluate its priorities and digitize inefficient business processes.
Point-to-point integration between back-end IT systems does not scale, which means businesses are held back when they want to do something new.
For example, Crown Agents Bank used MuleSoft’s API management to achieve a level of agility that would have been impossible with its previous architecture, which was based on point-to-point integration. Describing the software used in its currency processing system, Osita Ngene, Chief Business Architect at Crown Agents Bank, said the bank uses the Oracle IF Agent on Oracle Forms to retrieve transactions.
The bank developed a wrapper around Oracle Forms to turn it into seven published web services. These are routed through MuleSoft’s API management to provide APIs for the bank’s filtering software, which is used to reduce fraud. The new API-based approach has allowed the bank to increase the number of payments it can process from 1,500 per day to 50,000.
While packaged software applications – such as integration platform as a service (iPaaS), low-code application platforms, and application security products – can offer authoring and API exposure, Gartner notes that these capabilities are often limited to enabling a specific set of APIs. and are not suitable for managing a full API strategy.
The TechTarget/Computer Weekly IT Priorities 2022 survey also found that nearly one-fifth (20%) of IT decision makers say their organizations are leveraging automation to optimize business process workflows. One in six say they will launch their first automation projects in the coming year.
When it comes to top software development priorities, security and testing remain the top priority for 2022 (39%). Clearly, poor software quality hampers an organization’s ability to deliver new business functionality quickly and consistently. As Computer Weekly has previously reported, the number of high-performing software engineering teams is increasing, while the proportion of low-performing teams is decreasing.
According to software engineering mentor Junade Ali, organizations are using more metrics to measure the effectiveness of DevOps teams. But metrics aren’t the only consideration for IT managers. For software engineers to produce reliable software, Ali recommended that they engender a software development environment that properly balances the competing forces of risk and reward.