2022 Digital Transformation Trends in Large Enterprises [Free Report]

API Strategy, Banking and Payments, Innovation, Insurance and Healthcare, IT Modernization

2022 Digital Transformation Trends in Large Enterprises [Free Report]

·  3 Min Read

7 digital transformation predictions for large enterprises

What does 2022 hold for large enterprises?

It’s set to be an exciting year. Digital ecosystems are growing, new opportunities are evolving as a result, and you’re focusing on how to meet the customer where they are.

But how do you do all this if you’re a large enterprise with a rigid integration layer and technical debt? Read on to see our predicted trends for the year – they’re all key enablers for overcoming this challenge.

Download the full report for free here: 7 Digital Transformation Trends in Large Enterprises | 2022 Predictions

Exposing functionality in a composable way

We’re seeing reusable APIs, Services, and Events (packaged in a composable way), as a critical strategy to enable digital initiatives. But, here at digitalML we’re aware that as a large enterprise, you have a unique set of challenges in making this approach a reality and reaping its rewards.

Your functionality is already there, but the integration layer is rigid and full of technical debt. That’s why we’ve centered 2022 predictions (and previous predictions: have a look at our 2021 digital trends predictions) on how large enterprises will tackle exposing this functionality in a reliable and flexible way.

Supporting the integration ecosystem as it expands, enabling communication and participation across lifecycles, and enabling key bridging roles will be key trends this year. All while maintaining security and governance as standard.

7 Digital Transformation Trends in Large Enterprises for 2022

At a glance:

  1. The exponential growth of the integration ecosystem
  2. The growing need for communication throughout the API, Service, Event lifecycle
  3. A realization about the road to the composable enterprise
  4. A rise in scrutiny from external regulators and internal compliance on API programs
  5. The move to manage APIs upstream of their runtimes
  6. The re-rise of the Enterprise Architect
  7. CIOs evolving into a business player

1. The exponential growth of the integration ecosystem

Internal and external ecosystems are expanding, and there’s a need to manage the complexities of both. 60% of large enterprises’ APIs are one-off integrations. How do you provide visibility into these, while also:

  • Building out composable APIs, Services, and Events that represent business capabilities – and ensuring they’re reliable
  • Managing the ever-changing nature of these ecosystems at scale – updates, new versions, changing partners, etc.

2. The growing need for communication throughout the API, Service, Event lifecycle

In an enterprise where everyone can be a provider, and everyone can be a consumer, how to you facilitate effective communication? Providers should be able to communicate updates/changes/SLAs to APIs in a simplified way, while consumers should be able to easily discover, use, and provide feedback/change requests.

3. A realization about the road to the composable enterprise

How do you make a goal-state initiative like being a composable enterprise a reality? Transparency and visibility, combined with automation and baking composability into the lifecycle for exposing these core business capabilities will be critical to success.

4. A rise in scrutiny from external regulators and internal compliance on API programs

Over 90% of companies had an API security incident in 2020. Regulators (and internal compliance) understand the growing trend of API-centricity and its associated risks. Stricter regulation will follow, but getting ahead of the game with governance and security as default also gains you a competitive advantage.

5. The move to manage APIs upstream of their runtimes

The runtime API management space is being commoditized: having API Gateway(s) is the entry ticket to digital. And it’s not only API gateways, it’s a distributed runtime architecture. There’ll be a focus on providing a single source of truth for all APIs, Services, and Events upstream of CI/CD and run.

6. The re-rise of the Enterprise Architect

Uniquely perched between what the business wants, and what IT can deliver, the enterprise architect is a key role. Providing EAs a bigger seat at the business table can reap excellent rewards too. On average, enterprises get a 470% rise in the number of APIs, and a 19% rise in API reuse when enterprise architects contribute to digital strategy.

7. CIOs evolving into a business player

Chief Information Officers (CIOs) are a natural leader to help drive business progression in enterprises becoming more tech focused. McKinsey say:

“Having the CIO report directly to the CEO or even bringing the CIO onto the board sends a strong signal about tech’s importance.”

For a deep dive on these digital transformation trends…

Download the full report for:

  • A deep dive on each prediction
  • Blinded use cases from large enterprises already embracing these trends
  • Our closing thoughts on the vital first step to enabling these predictions

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