By: Tim Hanline, Peredom
COVID-19 is forcing companies to adapt their spending
COVID-19 has caused unprecedented lockdowns, and as a result many individuals and enterprises have had to make the shift to remote working, and remote spending.
Industries such as airlines, retail, and hospitality have had to undergo a complete overhaul of their traditional business practices, and virtually no industry has remained untouched.
As companies fight to stay afloat and adjust to the inevitable changes required to function as a result of COVID-19, quick adoption to remote work and spend have become paramount to a businesses success.
As enterprises implement new remote business practices, the need for API integration solutions becomes increasingly important.
More companies are beginning to utilize the cloud to store information, and are using more apps and online services to conduct their everyday operations. API solutions allow these companies to integrate their new technologies to ensure there are no interruptions in their operations.
The API integration market isn’t slowing down for a global pandemic; it’s ramping up. Even as the pandemic has forced companies to reduce their workforce or hiring practices, fundamental business needs have positioned the integration market to continue to grow well into the future.
MuleSoft is the leading API integration tool, with a customer base that’s doubled since 2018, and shows no signs of slowing down. MuleSoft provides the most widely used integration platform for connecting SaaS & enterprise applications in the cloud and on-premises. Their service model provides data integration software tools, especially tools for API management and data integration platforms.
While API integration tools are becoming increasingly necessary in today’s world enterprises are also facing unprecedented budgetary challenges.
It’s no secret that the COVID-19 pandemic has negatively impacted the economy, bringing many hiring processes to a halt, and resulting in mass layoffs.
As a result of COVID-19 the unemployment rate has risen, spending has reduced and many companies are finding themselves forced to drastically cut their expenses to stay afloat.
Some large firms have found themselves cutting upwards of 5% of their total workforce, while other firms have instituted temporary hiring freezes.
As companies attempt to navigate the new normal, they must continue to stay on top of technological advancements, or risk falling further behind. As companies try to balance their need for MuleSoft talent, with the need to adopt leaner business practices, they can find themselves at a crossroads.
The current model for API integration spend
In the current model for API integration implementation, companies have two options, to hire new employees with MuleSoft experience, or to train their current employees.
The average company in the United States spends about $4,000 when hiring a new employee, and it can take on average 52 days to fill a position. If a company uses a recruiter, this cost can skyrocket by up to 5 times that.
In an economy where cost reductions are paramount, companies do not have the time and money to spend on hiring employees.
The alternative option is to spend the money to train current employees in MuleSoft. These training programs can be costly for enterprises, and time consuming.
In addition to spending on training, companies have to spend capital on licensing. MuleSoft runs a subscription based model, where companies are prompted to re-subscribe every 12 months. In addition to the licensing fees, companies have to pay for additional features.
MuleSoft’s training program teaches students how to maximize the number of licenses, or cores required. Very little if any time is spent teaching students how to optimize or reduce the number of cores needed, making MuleSoft’s training an inefficient solution for companies looking to save on spending for MuleSoft licenses.
How Peredom can ensure qualified professionals while saving you money
COVID-19 is forcing companies to adapt their spending.
At Peredom we are here to help companies adjust to the current reality, and get the most out of their investment in MuleSoft and open-source API management solutions.
Peredom is a platform based community of independent talent. As independent contractors, our community members are available to work in as little as a week’s notice, able to plug in and assist companies with their integration needs.
At Peredom, our priority is providing clients with the MuleSoft talent they can trust, while handling billing and compliance to save companies both time and money on HR expenses. As a certified vendor of MBO Partners, Peredom can provide our clients with talent, while ensuring compliance with all regulatory requirements.
In industries such as healthcare or banking, where regulatory requirements can be especially stringent, our community is able to navigate these complex requirements.
In the past, my services as President of Mule Learning have allowed companies to get the most out of their MuleSoft investments, as we train MuleSoft professionals on best practices and core optimization.
My students are well positioned to work on MuleSoft projects and help their clients see strong results that allow these companies to maximize reusability and benefit from their MuleSoft investments well into the future.
A new client, a CIO at a major corporation, who invested in MuleSoft a year prior, and had yet to see any measurable results asked me, “Tim, where’s my reusability?”
I discovered that his team consisted of former Java developers with very little MuleSoft training. They were not familiar with the tool set or design patterns needed to maximize API reusability.
By employing the MuleSoft talent and training that I provided, our client was able to shift their designs to take advantage of best practices thus maximizing API reusability. We enabled him to benefit from the use of MuleSoft, saving his firm excess spend on data integration development and training.
His firm is now in a position to more rapidly respond to emerging market conditions, delivering API management solutions more effectively than ever before.
At Peredom we use our MuleSoft expertise to help our clients to consolidate cores and save on licensing fees, while also providing training to employees on how to save on fees well into the future. Through my own MuleSoft certification program Mule Learning, community members are provided continuous education on how to provide optimal support to clients.
As such, our clients can save on the costly endeavor of hiring new employees, or training their current employees from scratch.
In these trying times, Peredom is here to help.
Tim Hanline is President of Peredom, and Mayor of the leading MuleSoft and IT Consulting community focused on helping companies with data integration to drive efficiency, and improve business strategy. He has built a global network of MuleSoft experts that are both trained in the specifics of MuleSoft and in strategic thinking as IT consultants through his own MuleSoft certification program, Mule Learning