It seems there’s an app to fix every possible business challenge today. Many of these solutions automate processes, increase our productivity, and save us time. But is it possible we’ve indulged in too much of a good thing?
There are now more than 6,800 unique app vendors to choose from—a sevenfold increase from just four years ago. It’s easier than ever to purchase them, and you don’t have to be in IT or procurement to do it. Stakeholders across the company are now purchasing apps for the advancement of their own business units, which is crucial for securing the most tailored solutions and furthering business innovation. But it also means excess logins and licenses throughout the company, app underutilization, increased security risks, and wasted spend. In other words, a giant mess.
If you’ve ever gotten the feeling that you aren’t achieving nearly the returns on your tech investments that you should be, it might be time to clean house.
More Apps Than You Think
You’re not alone in your tech waste woes. Most businesses are underutilizing their technology. But studies indicate business leaders don’t really have a good sense of just how much is being wasted. A study from Symantec revealed that even though CIOs at large enterprises believe they’re paying for 30 or 40 cloud apps, in reality, it’s much closer to a staggering 900.
The amount of spend being wasted in cloud users’ minds is inaccurate too. Another study revealed that even though buyers are under the impression that 30% of their tech spend is being wasted, the actual number is closer to 35%.
The reality is that anyone with a credit card can now acquire a new SaaS service within seconds. While that may be a plus for productivity, there’s no consideration for the implications on the business or budget, which have much higher risk factors. It’s a big problem, but not one that can’t be fixed.
The Structured Tech Stack
Between duplicated spend, underutilized apps, and increased security risks, businesses can’t afford to let their apps go unchecked. A tech stack allows you to be strategic about your software, organizing technology into one cohesive unit that charts how each solution works together to drive growth.
But building a structured technology stack is more than just slides, spreadsheets, and bulleted lists. Truly taking advantage of all the apps in your arsenal requires a map of all your digital tools that each of your team members can view, contribute to, and collaborate on across the stack. When properly executed, a tech stack is able to unite teams, eliminate data silos, foster innovation, and supercharge growth—no matter how many apps you have.
Download our 2019 Guide to Tech Stack Management to dive deep into tech stack management and understand how to better harness the power of your apps. Plus, check out more blogs in this seven-part series for bite-sized content on what tech stack management means, how to assess your current tools, and charting a path to tech stack success in 2019.