Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >MASTERING THE ‘MODERN SOFTWARE FACTORY’ HELPS EUROPEAN ORGANISATIONS ACHIEVE HIGHER REVENUE AND PROFIT GROWTH AND BETTER BUSINESS OUTCOMES
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Business

    Mastering the ‘modern Software Factory’ Helps European Organisations Achieve Higher Revenue and Profit Growth and Better Business Outcomes

    Published by Gbaf News

    Posted on September 15, 2017

    10 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    This image showcases PayTech Group's leadership in hyper-personalised banking and payment solutions, highlighting their impact on the future of finance and digital payments.
    PayTech Group's innovative solutions in hyper-personalised banking - Global Banking & Finance Review

    Attracting Talent Remains a Challenge With Significant UK Skills Crisis in Security, Internet of Things and DevOps 

    Mastering modern software development using a ‘Modern Software Factory’ is at the heart of success for European organisations, according to the results of a global survey of more than 1,200 IT leaders, including 466 in Europe, released today by CA Technologies (NASDAQ: CA) and conducted by Freeform Dynamics.

    The new research shows significant gaps between the ‘Masters of the Modern Software Factory’ – in Europe the top 21 percent who embrace the key principles of agility, automation, insights and security –  and everyone else across a range of measures. These measures range from revenue and profit, to executive leadership and risk-taking, to the adoption of modern software tools and approaches.

    Across Europe, the ‘Masters’ are embracing and exploiting the digital world across key aspects of their organisations and out-performing others on key business indicators. When compared to the Mainstream, the Masters delivered:

    • 70 percent higher rate of profit growth
    • 50 percent higher rate of revenue growth

    Skills Gap Impacts All Organisations But Opportunity Exists To Influence Next Generation of Talent

    Attracting the right talent directly contributes to business success. At a pan-European level, the study reveals that whilst Masters of the Modern Software Factory find it twice as easy to recruit experienced software development professionals compared to Mainstream organisations, and 1.6 times easier to attract young software development graduates, the challenge impacts all organisations.

    In the UK, the survey reveals, for example, that 66 percent of organisations across the board are struggling to attract professionals experienced in the necessary software development practices and technologies, while 63 percent find it difficult to hire young graduates in software development.

    Certain key skills are in very short supply. Some 71 percent of UK organisations find it difficult to recruit candidates with experience in security for mobile or web-based apps, for example, 70 percent are struggling to attract professionals with DevOps skills and 61 percent reveal they have problems recruiting candidates familiar with Agile methods.

    A greater focus on science, technology, engineering and mathematics (STEM) training initiatives would help contribute to creating the next generation of talent.

    Moreover, training and tools for existing IT staff are also lacking: only 22 percent of UK organisations strongly agree that their software development teams are expert in the latest tools and development trends, and only 29 percent strongly agree that provide regular training for continuous skill development.

    “The study provides clear evidence that if you don’t have a modern approach to software along with the factory needed to deliver on your vision, you will be left behind in a world where the masters are the winners,” says Otto Berkes, Executive Vice President and Chief Technology Officer, CA Technologies. “The findings also reveal the extent of the skills gap in the UK. Unless organisations take action to nurture and expand modern software development skills, they risk being left as Mainstreamers– not Masters – of the Modern Software Factory.”

     Across Europe, Mastering the Modern Software Factory also Offers a Significant Lead in: 

    Exploiting the Digital World

    • 58 percent of Master-level organisations in Europe say their leaders are exploiting new software-driven strategies versus 19 percent of Mainstream companies
    • 45 percent of Masters say their executives provide the leadership needed to survive in the application economy versus 20 percent of Mainstream companies

    Understanding Customer Needs and Better Aligning IT with the Business

    • 57 percent of the Masters reported that they understand what customers need and strive to deliver the best customer experience, versus 24 percent of Mainstream company respondents
    • 42 percent of Masters are very effective at prioritising software development in line with business goals, versus 16 percent of Mainstream companies

    Balancing Risk With Responsible Security Practices

    • Over 45 percent of the Masters’ company culture support risk-taking, versus 19 percent of the mainstream
    • 46 percent of Masters have senior management who understand the importance of not compromising software quality or security for time-to-market, versus 17 percent of the Mainstream

    Developing, Delivering, Managing and Securing Better Quality Software

    • 44 percent of the Masters are very effective at delivering applications with improved quality and consistency versus 26 percent of Mainstream companies
    • 53 percent of the Masters reported that their development processes are well documented and well-understood, versus 19 percent of Mainstreamers

    Software Development is Crucial to UK Organisations, But IT is Not Supporting the Business

    • In the UK, between 2015-2019, software development will become 1.6 times more essential for business success
    • Just 17 percent of UK organisations believe IT to be very effective at prioritising software development in line with business goals
    • Only 21 percent consider IT to be very effective at creating a consistent and predictable way of developing apps

    The Bottom Line

    “There’s a clear indication that those organisations that adopt modern software development practices such as agile, automation, machine learning and analytics to generate insights, and integrating security into the development process, do a better job of driving growth. In reality, the future of your business is in the hands of your developers,” Berkes adds. 

    Survey Methodology

    The global online survey of 1,279 senior IT and business executives was sponsored by CA Technologies and conducted by industry analyst firm Freeform Dynamics in July 2017. It includes 466 respondents from six European countries (France, Germany, Italy, Spain, Switzerland and the UK) across eight industry sectors. It was augmented by in-depth telephone interviews with key industry executives. For full survey methodology details, see the report “Modernising Software Delivery for Digital Transformation.”

    Attracting Talent Remains a Challenge With Significant UK Skills Crisis in Security, Internet of Things and DevOps 

    Mastering modern software development using a ‘Modern Software Factory’ is at the heart of success for European organisations, according to the results of a global survey of more than 1,200 IT leaders, including 466 in Europe, released today by CA Technologies (NASDAQ: CA) and conducted by Freeform Dynamics.

    The new research shows significant gaps between the ‘Masters of the Modern Software Factory’ – in Europe the top 21 percent who embrace the key principles of agility, automation, insights and security –  and everyone else across a range of measures. These measures range from revenue and profit, to executive leadership and risk-taking, to the adoption of modern software tools and approaches.

    Across Europe, the ‘Masters’ are embracing and exploiting the digital world across key aspects of their organisations and out-performing others on key business indicators. When compared to the Mainstream, the Masters delivered:

    • 70 percent higher rate of profit growth
    • 50 percent higher rate of revenue growth

    Skills Gap Impacts All Organisations But Opportunity Exists To Influence Next Generation of Talent

    Attracting the right talent directly contributes to business success. At a pan-European level, the study reveals that whilst Masters of the Modern Software Factory find it twice as easy to recruit experienced software development professionals compared to Mainstream organisations, and 1.6 times easier to attract young software development graduates, the challenge impacts all organisations.

    In the UK, the survey reveals, for example, that 66 percent of organisations across the board are struggling to attract professionals experienced in the necessary software development practices and technologies, while 63 percent find it difficult to hire young graduates in software development.

    Certain key skills are in very short supply. Some 71 percent of UK organisations find it difficult to recruit candidates with experience in security for mobile or web-based apps, for example, 70 percent are struggling to attract professionals with DevOps skills and 61 percent reveal they have problems recruiting candidates familiar with Agile methods.

    A greater focus on science, technology, engineering and mathematics (STEM) training initiatives would help contribute to creating the next generation of talent.

    Moreover, training and tools for existing IT staff are also lacking: only 22 percent of UK organisations strongly agree that their software development teams are expert in the latest tools and development trends, and only 29 percent strongly agree that provide regular training for continuous skill development.

    “The study provides clear evidence that if you don’t have a modern approach to software along with the factory needed to deliver on your vision, you will be left behind in a world where the masters are the winners,” says Otto Berkes, Executive Vice President and Chief Technology Officer, CA Technologies. “The findings also reveal the extent of the skills gap in the UK. Unless organisations take action to nurture and expand modern software development skills, they risk being left as Mainstreamers– not Masters – of the Modern Software Factory.”

     Across Europe, Mastering the Modern Software Factory also Offers a Significant Lead in: 

    Exploiting the Digital World

    • 58 percent of Master-level organisations in Europe say their leaders are exploiting new software-driven strategies versus 19 percent of Mainstream companies
    • 45 percent of Masters say their executives provide the leadership needed to survive in the application economy versus 20 percent of Mainstream companies

    Understanding Customer Needs and Better Aligning IT with the Business

    • 57 percent of the Masters reported that they understand what customers need and strive to deliver the best customer experience, versus 24 percent of Mainstream company respondents
    • 42 percent of Masters are very effective at prioritising software development in line with business goals, versus 16 percent of Mainstream companies

    Balancing Risk With Responsible Security Practices

    • Over 45 percent of the Masters’ company culture support risk-taking, versus 19 percent of the mainstream
    • 46 percent of Masters have senior management who understand the importance of not compromising software quality or security for time-to-market, versus 17 percent of the Mainstream

    Developing, Delivering, Managing and Securing Better Quality Software

    • 44 percent of the Masters are very effective at delivering applications with improved quality and consistency versus 26 percent of Mainstream companies
    • 53 percent of the Masters reported that their development processes are well documented and well-understood, versus 19 percent of Mainstreamers

    Software Development is Crucial to UK Organisations, But IT is Not Supporting the Business

    • In the UK, between 2015-2019, software development will become 1.6 times more essential for business success
    • Just 17 percent of UK organisations believe IT to be very effective at prioritising software development in line with business goals
    • Only 21 percent consider IT to be very effective at creating a consistent and predictable way of developing apps

    The Bottom Line

    “There’s a clear indication that those organisations that adopt modern software development practices such as agile, automation, machine learning and analytics to generate insights, and integrating security into the development process, do a better job of driving growth. In reality, the future of your business is in the hands of your developers,” Berkes adds. 

    Survey Methodology

    The global online survey of 1,279 senior IT and business executives was sponsored by CA Technologies and conducted by industry analyst firm Freeform Dynamics in July 2017. It includes 466 respondents from six European countries (France, Germany, Italy, Spain, Switzerland and the UK) across eight industry sectors. It was augmented by in-depth telephone interviews with key industry executives. For full survey methodology details, see the report “Modernising Software Delivery for Digital Transformation.”

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostHow Much Does IT Cost to Rent Office Space in the Uk?
    Next Business PostPsyon Set to Shake up UK Employee Benefits Market