Software architecture could determine the winners as companies go digital

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Companies worldwide are expected to spend more than $1 trillion this year on digital transformation, and more than double that by 2025. It's not just about digitizing physical and analog processes, but adopt cloud-native architecture and microservices. None of this comes cheap, and it certainly has never been easy, but it's necessary for any business looking to thrive in today's global and volatile marketplace.

Where some technology-focused organizations are leading the charge, others, such as the healthcare industry and government agencies, are still lagging behind in digital transformation.

Business adoption of new technologies has accelerated over the past two years as public health guidelines compel businesses to find new ways to buy, sell and interact with customers and colleagues. But the digitization of large industries started years ago. As consumer preferences and expectations changed, a company like Spotify, for example, was able to disrupt the old model of music delivery, leaving hundreds of radio stations scrambling to stay relevant. Airbnb used software to change the hospitality industry, and Uber's technology changed the transportation industry forever.

We are living in another time of fundamental change, a time when technology is enabling entirely new business models and making old ones obsolete. In response, businesses need to adapt and put technology first so they can stay competitive and grow. The software can no longer be edited afterwards. Whatever your field of activity, if you have an eye on the future, it's time to start thinking of yourself as a software company.

Transform 2022

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Today, technology is just as important to a retailer or restaurant chain as it is to a software company. All businesses need to prioritize digital transformation and even though software is not a physical, tangible project, businesses need to invest in their technology as they would any other product.

One way to do this is to invest in application programming interfaces (APIs). APIs are a powerful tool that can keep businesses agile. In short, APIs are what tie together a company's digital infrastructure, allowing them to share information with customers, partners, and internally. APIs open businesses up to added value through the automated exchange of information and services with others that can enrich experiences, add products, and even new lines of business. If companies prioritize APIs in their technology tool stacks, it can change the way they do business, allowing even small and medium-sized businesses to stay competitive and...