• As digital transformation accelerates, companies face the challenge of efficiently developing and deploying applications. The pressure to innovate quickly, and meet market demands stresses existing development capabilities, leading to project delays and budget overruns.
• On average, only 16% of digital transformation projects are completed on time and within budget. Moreover, the failure to efficiently develop applications can result in a 33% decrease in customer satisfaction and a similar reduction in competitive advantage.

• The demand for software developers exceeds supply by a significant margin, with job postings for developers growing by 25% year over year, while the number of graduates in relevant fields grows by only 7%.
• This imbalance leads to prolonged project timelines and increased costs, with some estimates suggesting that the developer shortage will lead to 20% of available custom software projects being delayed or canceled by 2027.

Enterprises are struggling to fill crucial IT roles, with over 70% of CIOs experiencing difficulty finding the right talent, particularly in cybersecurity, software development, and data analytics. This gap hinders innovation, delays product development, and increases reliance on external vendors.
According to industry reports, the global talent shortage could reach 85.2 million people by 2030, potentially costing economies $8.5 trillion in unrealized annual revenues.

Corporates spend approximately 70-80% of their IT budgets on maintaining old systems. These legacy systems are not only costly to maintain, but also pose significant security risks and hinder the ability to integrate with new technologies.
The rigidity of legacy systems means 90% of firms face challenges in adopting new digital initiatives, directly impacting their competitive edge and innovation ability.