This figure escalated to 40% in 2015 survey. Our mission is to break down the barriers between ideas and outcomes through a whole application lifecycle portfolio to enable clients get their ideas to business values much faster.
CW: Do you foresee any fear factors that CIOs and CTOs of companies should watch out for on the path to digital transformation?
Arredondo: In general, the typical first reaction is security. With API management, CISOs fear the exposure of data through different APIs. The security checklist for API economy is clicked pretty quickly by our customers as security is a built --in function of our management solution.
Most CIOS and CTOs excited by the opportunity with digital transformation can now move out of back office operations to the forefront of the business. Banks are now known as software companies with banking licenses. That's the mentality being embraced at the board and at the CEO level and there exists a fantastic opportunity for CIOs to be more relevant to the business.
As more companies put data in the cloud, we have the ability to secure and monitor all those environments - private, public and hybrid.
CW: Do you see a distinct pattern with the unicorns and startups - especially in India -leveraging App economy (including SMAC) than the traditional companies with legacy?
Arredondo: Lot of unicorns not dependent on legacy systems can devise their IT strategy from scratch. Because of that competitive advantage legacy companies are rapidly adopting new technologies. APIs work everywhere. Some of the unicorns are leveraging someone's payment systems, for example though API, retail e-comms are tapping in other Apps.
But we also provide legacy companies that same ability in this digital transformation era because they have in-house data captured over the years which they can leverage and monetize through our solutions.
CW: Does that indicate the end of the road for companies ( less IT-centric businesses) that are less nimble in the digital age?
Arredondo: There is very large potential to be left behind if companies do not transform digitally. CIOs don't have to do it all today but they do have to start today. People who write these software rule the world. Legacy companies have the advantage of big client base, long term relationships, tons of information, payment systems, back end infra. They can put well etched digital transformation strategy in place to excel in App economy.
One of the banks in the region expanded to a new country only with an App. The continuous delivery on DevOps delivered RoI within ten months. CIOs should realize that is not just about cost savings on the inside on digital transformation but capturing net new revenues. That's a much bigger win.
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