Legacy application modernization is essentially a project designed for creating new business value from diverse aging and existing applications. This is achieved by opting to update and equip applications with contemporary features and capabilities.
As organizations are forced to continually reassess their array of applications to determine whether they still support and provide adequate business value — application modernization updates your legacy application that best scales your company’s robust architecture.
Most businesses across all industries are turning to cloud-based architecture to support their IT workloads. According to a survey by LogicMonitor, it is assessed that more than 83% of the workloads of the IT enterprises will be based on the cloud by 2020.1 Most organizations are starting to pay attention to legacy application modernization to cope with the accelerated development in IT architecture. The reasons for the accelerated transformation are:
- Lagging on speed
- Old fashioned UI/UX
- Difficult to update software
- Security issues
Some of the significant benefits of application modernization are as follows:
When you move from the local premise to cloud-based solutions, you are likely to experience more than 5x reduction in cost. Organizations spend more than 60% of their budget on a legacy system and the move to cloud-based architecture can significantly reduce cost.2
Companies with modernized applications stand a better chance to serve their vendors and customers efficiently because they usually find it very hard to develop new features with their legacy system. Applications that have been redesigned in order to suit distinct business requirements ideally have well-managed databases, better coding structures, and highly flexible applications.
One of the most important reasons why you should consider modernizing your existing legacy system is better security and protection of your critical business transactions.
Fundamentally, organizations setting out on any application modernization activity should take out the time to dissect the heritage framework they need to refactor. As the application should be repurposed into an exceptionally strong SaaS application, organizations need to thoroughly examine their working frameworks and system servers to guarantee they are equipped for the same.
To plan for a successful migration to the cloud, organizations must first implement a cloud suitability assessment, based on business and technology requirements, to determine which of their on-premise applications fit in the cloud.
If you decide to continue with your legacy application, your efficiency and business output will pale in comparison to your competitors, as they will move on to greener pastures through modernization and the latest infrastructure. Even if you optimally work on a cloud-based foundation now, chances are that new features or updates may cause your application to break down in the near future.
Therefore, it is important for your business to leverage the optimal capacity of cloud-based technology while ensuring that its system can competently sustain the evolving business requirements. A proper strategy must be put in place to make sure of this fact. This must involve the right elements for your business to have a flawless transition to application modernization.