Are You Getting Optimal ROI from Your Integration Initiatives?

Blog: The Tibco Blog

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Measuring return on investment (ROI) isn’t complicated: all you have to do is divide the benefits you gain by what it costs you to achieve them. This simple method lets you measure the ROI of everything from staff productivity to process efficiency improvements to customer loyalty.

Every organization measures the ROI of its major business and technology investments, and digital connectivity initiatives are no exception. The way in which companies prioritize the value they assign to their integration initiatives differs based on where they are in their integration journey, but they all measure the ROI of three things:

Ongoing cost of integration Platform as a Service (iPaaS)
Cost of building new integrations
Cost of maintaining existing integrations

Determine the Cost of Your iPaaS Solution

When assessing the cost of your integration initiatives, you need to first assess the cost of the environment in which you create and host them. Modern integration environments use an integration Platform as a Service (iPaaS) for this capability, but traditional approaches are still used. iPaaS offerings typically incur a monthly subscription charge, while traditional offerings incur an upfront purchase cost and ongoing annual maintenance costs.

The TIBCO Cloud Integration platform provides subscription models that allow you to either pay upfront for a pre-defined capacity (per application) or a pay-as-you-go option that lets you pay for what you use. These modern, flexible alternatives are designed to give you a choice and to align more closely with how organizations prefer to consume and pay for cloud resources.

Calculate the Cost to Build and Maintain Integrations

How do you accelerate your time to market for new integrations—or make changes to existing integrations—while minimizing development costs? Answering these questions will help you achieve both of those goals:

How easily does your iPaaS tool make it for integrators to complete tasks?
What is the availability of pre-built solutions, and are they easily accessible?
Does the iPaaS solution assist developers with an AI-driven interface?
How easily can DevOps professionals automate the CI/CD pipeline?
How much administration cost is required to monitor integration apps and perform problem resolution?

TIBCO Cloud Integration provides hundreds of pre-built connectors, app templates, and solution accelerators available from TIBCO and its broad partner and customer ecosystem—all easily accessible via a single click in an embedded composable solutions marketplace.

Industry-recognized independent performance analyst Frank Cohen, founder and CEO of Clevermoe, tested the integrator productivity of several integration platforms to see how quickly and cost effectively his team could develop and maintain integrations. In the newest update of Clevermoe’s PushToTest Integration Knowledge Kit, Frank and his team built applications for testing a common use case that provided a side-by-side comparison of the most common integration vendors. The team found that the TIBCO Cloud Integration platform provided faster time to implementation, at lower costs:

Forty-eight percent more cost effective to implement versus Spring Boot, 38 percent versus Mulesoft, 34 percent versus SAP, and 20 percent versus Microsoft Azure.

In addition, making changes to the TIBCO Cloud Integration platform costs less, which translates to more savings over time:

Fifty percent more cost effective to deploy changes to apps and services over time versus Mulesoft, 33 percent versus Microsoft Azure Integration, 25 percent versus SAP, and 17 percent versus Spring Boot.

Independent Analysis of the ROI Enabled By TIBCO Connected Intelligence Cloud Platform

Analyzing ROI as it relates to IT investments is an increasingly sophisticated process. That’s why Forrester Consulting designed a methodology to provide organizations with a complete picture of the potential costs and benefits of purchase decisions.

In a TIBCO-commissioned Forrester Consulting Total Economic Impact (TEI) study, Forrester measured the ROI for an end-to-end integration scenario based on the TIBCO Connected Intelligence Cloud Platform—from solution purchase through development and maintenance. Forrester’s in-depth methodology involved a multistep approach and employed several foundational TEI elements in modeling the investment impact, including:

Quantified and unquantified benefits
Associated costs
Flexibility
Risks and results

The subject of the study—a North America-based financial services company that has used the TIBCO Connected Intelligence Cloud Platform for more than five years—showed significant gains. Over a three-year period after implementing the platform, the company achieved a 151 percent ROI and a net present value (NPV) of USD 5.36 million.

Find Out What Your Integration Initiatives’ ROI Could be with TIBCO Cloud Integration

Independent evaluations show that you can implement TIBCO Cloud Integration more quickly and at lower costs—with a higher ROI and lower total cost of ownership (TCO). But TIBCO knows there’s no such thing as a “one size fits all” integration solution. That’s why TIBCO created the TIBCO Cloud Integration Value Calculator.

This online, interactive, guided tool is easy to use. Simply answer a few questions about your current integration landscape, costs, and revenues, and TIBCO will estimate the potential benefits and ROI you can expect to achieve with integration solutions developed with TIBCO Cloud Integration.

The tool’s output also includes an analysis of unquantified additional business value you may realize—for instance, more robust security or more efficient API management.

TIBCO is committed to meeting your unique needs as they evolve throughout your integration journey. Check out the TIBCO Cloud Integration Value Calculator and discover the performance, time and cost savings, and optimized ROI your integration teams can achieve with TIBCO Cloud Integration.

The post Are You Getting Optimal ROI from Your Integration Initiatives? first appeared on The TIBCO Blog.