Ever since the pandemic struck the world, businesses have increased their digital transformation efforts. Modernization of legacy applications helps companies gain the capacity and agility to respond to various changes.
So today we are talking about the legacy application & software modernization in businesses. Read this article to know how you can reduce the cost of maintaining and operating apps by up to 50%. At Make An App, we share thoughts on recent developments in the tech industry. Bookmark us and keep reading.
What is Application and Software Modernization?
A modernization strategy for legacy applications ensures business continuity and progress in a highly competitive and volatile market. It is thus essential to monetize the existing capital and prevent unnecessary technology investments.
Legacy application modernization aligns the existing legacy software stack with modern business and functional requirements using new technologies. And what is the legacy application? It can be any software technology or system that blocks are slows down business processes, making it difficult to adapt to market dynamics.
Quality application modernization services implement a stepwise methodology that examines the applications on a company’s network and discovers their functioning, behavioral traits, and relative risk.
Such a methodology enables your applications’ assessment, design, migration, optimization, and management. Here’s why modernizing legacy applications is crucial for your company’s growth.
What are Software Legacy Systems and Technologies Problems?
legacy apps are incompatible with today’s new and growing technologies such as cloud computing, mobility, the latest cybersecurity, and API use. Critical disadvantages of legacy systems include high maintenance costs, disparate data that prevent integration between systems, and data protection issues.
Helps Reduce Business Costs With Modernization Strategies
The cost has been a significant factor fuelling the demand for modernizing applications. For instance, the more significant amount of data you gather, the greater you have to pay for the on-premises data center.
It will automatically compel you to invest in new storage systems frequently. Owning and maintaining the infrastructure is expensive as they require you to pay extra costs for space, cooling, and electricity.
Additionally, you would also require a separate IT team to maintain the storage system. You practically eliminate the various costs described above when you invest in app modernization.
Why are modernizing legacy applications so crucial?
Well, if a company does not update its software promptly, it loses more in the long term because of the loss of competitive advantage and access to innovative technologies.
Why is now the right moment to update legacy software?
During COVID-19. Many operations have gone digital and businesses need to expand their online presence. Lots of legacy systems are standalone and do not support integration with the latest software. This can affect the flexibility and scalability of the entire organization. The Omnichannel business model requires companies to be adaptable and responsive to the needs of emerging markets and the availability of products across multiple channels. And outdated systems exacerbate security risks because some of them do not receive updates or fixes.
Allows for a Better Customer Experience
Today, the market is oversaturated with businesses that sell similar services and products. Only good customer service can distinguish a business from its competitors in this competitive scenario. Legacy systems, with their limited functionalities, only work to impact customer experience adversely.
This software minimizes the operational efficiency of businesses and increases the waiting time. Moreover, the security issues in such obsolete systems compromise your customer and business data, negatively impacting your brand.
On the contrary, modernizing applications allow for the creation of new functionalities and automates manual processes. It paves the way for business operations to become more efficient, which in turn enhances customer experience.
Allows You to Build New Functionalities and Services
The pandemic made many businesses realize that it’s imperative to keep up with change. Companies who invested in software before the pandemic found how it is not fulfilling their new needs.
Every new release or update that isn’t purpose-built poses a problem for them. Companies especially realized how challenging it is to fulfill the dynamic customer demands during the economic downturn.
Modernizing applications enable businesses to create features and services that pass the test of time. They align not only with the existing but also long-term goals. These features can be purpose-built for your company. Thus, it ensures that the legacy application keeps providing value at all times.
Enhances Productivity of Your Employees
A business expects its employees to be productive and efficient at their work. But for their employees to be so, they need to give them access to high-performance technologies. Employees cannot operate with programs that take a long time to respond.
Outdated applications frustrate staff members, diminish their performance, and prevent your company from attaining its desired progress. Modernizing applications automate redundant tasks and enable your employees to direct their attention to more intelligent tasks.
It serves the dual purpose of saving their time and increasing their efficiency. Thus, a company can fast-track its growth path.
Today businesses can seek quality application modernization services from reliable technology and consulting companies whose experts can reengineer, develop the modernization roadmap, and migrate legacy systems to next-generation technologies.
They leverage artificial intelligence, microservices, and machine learning. As the security and efficiency of your applications increase, you will naturally notice increased revenue in the long run.
So does your organization need to update legacy software?
What are the profits of legacy application modernization?
According to a recent report, modernizing legacy applications can save 35% of the infrastructure budget annually and reduce the cost of maintaining and operating applications by 30 to 50%. Besides the result of software modernization, we’ll be incorporating business intelligence into the core systems, solving mobility problems, reducing processing time, fast analyzing and preventing fraud, supporting regulations and compliance requirements, increasing customer satisfaction, and providing new technology and business channels and how to prepare for upgrading legacy systems.
- The first step is prioritization. You need to assess your portfolio for at-risk technologies, set your priorities, notify departments and move on to discovery.
- At this step, you determine the modernization vision and opportunities, document your strategy, and plan the next steps.
- Finally, we come to the execution. Here you configure the Cloud Platform, launch security assessment, develop test plans, execute migration and report its status.
- Finally, we decommission at-risk technologies. Let’s take a look at legacy systems upgrade options based on risk.
Let’s take a look at legacy systems upgrade options based on risk.
There are several strategies for upgrading legacy systems. The list is formed in order of increasing complexity and cost and it includes low-risk processes that mean localized changes and improvements to the existing system.
- This group of processes includes encapsulating re-hosting, and re-platforming medium risk processes that mean gradual replacement or refurbishment.
- This group includes refactoring and re-architecting high-risk processes that mean complete transformation or replacement. And you can do the complete conversion in two ways such as replacing and rebuilding.
Legacy modernization is an inevitable stage in digital transformation driven by innovations. It is an investment to grow your business.
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