Forrester finds 410% return on investment over three years with iPaaS platform
A new Forrester/Boomi study finds a 410% return on investment over three years.
Boomi, an iPaaS (cloud-native integration platform as a service) company, has announced the findings of The Total Economic Impact of the Boomi AtomSphere Platform, August 2021, a Forrester Consulting report conducted on behalf of Boomi.
The study shows the Boomi AtomSphere Platform delivered a 410% return on investment (ROI) over a three-year period, with the platform paying for itself in less than six months.
The study also highlights that Boomi's platform reduced integration development times by 65%, an increased efficiency value of more than $3.7 million. Boomi says this enables businesses to connect data, applications, devices, and people in hours or days instead of weeks or months.
According to Forrester, enterprise organisations struggle with many challenges. Some of these include complex, on-premises legacy integration platforms, siloed and underutilised data, manual processes for capturing and synchronising data that strain IT resources, and security compliance gaps caused by the sharing of data with vendors, partners, and customers.
"The Boomi AtomSphere Platform provides a low-code, cloud-native iPaaS that helps organisations break down information silos, automate work flows, secure real-time access to data across applications and business partners, while providing data analysis and management capabilities," states the study.
"For organisations needing to rapidly tie data and applications into a unified customer experience, Boomi provides an iPaaS with runtime deployment options that meet their on-premises and hybrid connectivity needs, while helping to optimise customer experience and business operations."
Forrester interviewed six Boomi customers and aggregated their experiences and results into a single composite example organisation. Overall, the study found that AtomSphere users were able to simplify and reduce the cost of developing, testing, deploying, and maintaining application and data interfaces.
Some other findings of the study include:
- $3.2 million in gross profit unlocked through additional revenue streams.
- $2.3 million in savings by retiring previous integration solutions.
- $2.7 million value gained through increased data analyst productivity and faster data discovery.
- The enablement of citizen developers across the organisation for self-service integration projects.
"Organisations are looking to implement effective, long-term resilience strategies, but ultimately, they can't execute on these modernisation initiatives blindly," says Boomi ANZ managing director, Nathan Gower.
"We work with industries and organisations that each face a unique set of challenges, from financial services through to energy and construction, but the common symptom inhibiting their business objectives are the data silos hiding in their IT environments.
"Forrester's latest global report echoes this sentiment, and here in Australia, decision-makers alike need an accurate, real-time view of what's happening in the business to unlock innovation and ensure compliance, and that stems from connected data," he says.