Transforming Businesses through Application Modernization

Businesses now must react to fast changing market conditions, manage and gain insights from huge amounts of data, and satisfy the ever-increasing demands of today’s always-on customers. In a nutshell, they must modernize—rethinking procedures and leveraging technology to capture opportunities sooner, maximize the value of their investments, and innovate faster than ever before. These alterations are being accelerated by the COVID-19 pandemic. Businesses in all industries must now move even faster to adapt to new work habits and cut costs. According to a recent study, COVID-19 is causing more than 90% of organizations to accelerate their cloud adoption plans.

In response to these increasing demands, many organizations are launching digital transformation efforts. These organizations may integrate previously siloed data, improve processes, and drive growth by embracing new ways of building applications and services. 

Customers are delighted by their innovative approaches. Leading firms get important business advantages such as increased productivity, faster time to market, and a stronger bottom line as a result of digital transformation. However, obtaining these benefits can be difficult. Digital transformation is a large project that involves profound changes in technology, procedures, and culture. Breaking the process down into different parts might assist organizations in staying on schedule. 

Why choose modernization?

Modernization is the most secure corporate investment. 

The nuclear option is to replace the original application with a packaged, off-the-shelf replacement, which will surrender most, if not all, organizational data and business information. 

The “rip and replace” and related “lift and shift” tactics may be the reason that 70% of digital transformation projects fail, resulting in a $900 billion hole in business finances, and is a wonderful advertisement for application modernization. 

The continual flow-like modernization process avoids the problems of the abrupt, interventionist approach and yields a higher ROI. The gap between organizations that use a new package and those that obtain new returns on previous IT investments is wide.

The 27 percent who obtain a “high” or “very high” return on rip and replace outperforms the 55 percent who choose modernization. Similarly, 41 percent of rip-and-replacers reported a “low” or “very low” ROI, while only 16 percent of modernizers did. It’s a critical business choice. You might call it strategic.

Why is application modernization important for your company’s success? 

Accelerating the time to market for a product is a critical issue for any corporation. The product development and delivery processes are heavily reliant on the enterprise’s systems and the tools used by the workforce.  

Using outdated systems, applications, and tools slows down the process and causes product delivery to be delayed. In other words, this has a negative impact on customer service.  

Furthermore, managing legacy systems incurs several costs, which have a negative influence on the company’s bottom line. On top of that, many CEOs and CTOs find it difficult to analyze information collected from legacy programs.  

Businesses may assist their workforce accelerate product development and deliver faster by modernizing outdated systems, applications, and tools. The novel technologies lower the costs associated with outdated system management.  

Application improvements can help any organization save a significant amount of money.   

Benefits of application modernization

Among the many advantages are: 

  1. Increased efficiency: By modernizing software, firms may streamline their processes, eliminate redundancies, and automate repetitive procedures, resulting in increased productivity and resource utilization.  
  2. Improved security: New software systems include improved security measures and cyber-threat defences, protecting the safety of critical data and lowering the danger of breaches. 
  3. Improved flexibility: Modern apps are more versatile and scalable, allowing businesses to respond rapidly to changing market needs and capitalize on new opportunities.
  4. Cost savings: Businesses can reduce operational expenses and obtain a higher return on investment by replacing legacy systems with more efficient and cost-effective alternatives.  
  5. Better customer experience: Application modernization enables organizations to provide faster, more dependable, and user-friendly services, potentially increasing customer satisfaction and loyalty. 
  6. Easier integration: Modern software systems are frequently built to be more compatible with other applications and platforms, allowing for more seamless integration and cooperation within the organization.
  7. Cloud-native capabilities: By leveraging cloud-native technologies, businesses can gain increased flexibility, scalability, and cost optimization by leveraging cloud-based infrastructure and services. 
  8. Greater innovation: Application modernization creates an innovative culture by allowing organizations to adopt cutting-edge technology and techniques, allowing them to stay at the forefront of their industry.

The Top 4 Most Important Reasons to Unlock Modernization 

  • Drop in Operational Costs 

Adaptation solves several important difficulties you may be experiencing with outdated systems and implements cutting-edge technology to improve operational efficiency. Furthermore, updated versions aid in delivering up-to-date results, which immediately correlate to lower support and application maintenance costs. 

  • Improve the Functions 

Utilize the incredible changes and innovations added after you launched the application. Legacy modernization aims to improve the functionalities you already use, allowing you to work smarter with fewer inputs.

  • Take on Business Obstacles 

Application re-engineering with the nexus of forces prepares your company to face difficulties intelligently and fortifies the system’s backbones to satisfy ever-changing customer expectations. 

  • Agility 

IT Legacy Modernization motivates infrastructure to respond to user change demands more efficiently. It powers self-service environments for rapid corporate growth by using cloud infrastructures and mobility.

Evaluate all migration options

After creating the roadmap, select the migration method that will best suit it. The best solution for you depends on how you want to migrate: all at once, in bits, or in different ways. Stephen Orban, General Manager of an AWS service, discusses the 6 Rs of migration that may assist you in determining the best method. The six Rs are as follows:

  • Rehosting: Moving old systems to the cloud in their current state. This is typically recommended when historical systems are large but require rapid migration for scaling. The disadvantage is that you cannot use all of the cloud-native architecture’s advantages.  
  • Re-platforming: It is similar to rehosting in that you make changes to the application to use cloud-native architecture rather than transferring the entire application.  
  • Repurchasing: Taking your present legacy system and replacing it with a cloud-based solution. Moving a CMS to Drupal or a CRM to Salesforce are two examples. 
  • Refactoring (also known as re-architecting): As the name implies, you redesign the entire application architecture to take use of cloud-native capabilities such as scaling, accessibility, agility, and performance. 
  • Retire: This method entails removing outmoded services or functionality from your old system and then modernizing it. 
  • Retain: This involves keeping some of the legacy system working optimally on-premises while transferring the remainder of the programme to the cloud. 

You can select the migration strategy that best fits your application modernization plan. 

Finishing up  

The preceding explanation demonstrates that application modernization is a necessary step before undertaking digital business transformation. With application updating, you may see the value of investing in digital technologies, changing your thinking, lowering costs, and increasing operational efficiency.  

If you’re not sure where to begin modernizing your apps to improve the client experience, look no further than us – we are legacy application modernization experts.

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