The 2022 State of Application Strategy Report by F5 found that digital transformation is accelerating worldwide, with modernization of applications and architectures permeating organizations to transform both back-office and customer-facing functions. However, the survey also highlights potential pitfalls that may hinder progress, particularly in the effective use of AI to make businesses more responsive and agile. The report also notes a convergence of IT and operational technologies, hybrid cloud architectures and their complexity, and the increasing focus on identity in application security and delivery. Additionally, the report found that threat mitigation is maturing, with greater leadership alignment on the importance of security and a shift away from a desire to block all threats.