A survey of 2,000 IT professionals in Asia-Pacific reveals the importance of innovation — and the hidden tax that can hold it back.
Innovation is hard. Researchers have suggested it takes 3,000 raw ideas to achieve just one commercial success. But it is also necessary; highly innovative organizations are more successful across a number of measures, including profitability.
To better understand the role of data in enabling software-based innovation we spoke to 2,000 technology professionals across Asia (Australia, China, Hong Kong, India, New Zealand, South Korea, and Taiwan).
Our survey and resulting report highlights the importance of innovation, the technical challenges to building new things, and the consequences when you fail to do so. Among our key findings:
- 73% say that data is the hardest part of building applications
- 60% say digital transformation has increased data architecture complexity
- Top blockers of innovation include developer workloads, data architecture, legacy technologies and technical debt
We found the desire to innovate is not reflected in how technology teams spend their time or the way they work. From overly complex data architectures to the struggle to remain compliant in the collection and use of data, teams get slowed down and resources are depleted. features. These factors create a tax on innovation — a set of hurdles that make it harder for technologists to succeed and for organizations to build and maintain competitive advantage.
To unlock all our findings and understand more about the need for an increased attention on innovation, download the full report.