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Modernize Your Legacy Systems
Legacy systems need modernization from time to time. Just think of it, there’s a reason why your current computer uses the latest software instead of the same old software that it used to have ten years ago. Obviously, the current computer has more power and capabilities than the older one.
When you started your business, you had the modern systems in place. But, now these systems are becoming outdated, putting a legacy burden on your business. Legacy systems are common business bottlenecks. That’s why companies around the world are investing in legacy modernization to stay ahead. So, what is legacy modernization and how it can help boost your business? Let’s see.
When you started your business, you had the modern systems in place. But, now these systems are becoming outdated, putting a legacy burden on your business. Legacy systems are common business bottlenecks. That’s why companies around the world are investing in legacy modernization to stay ahead. So, what is legacy modernization and how it can help boost your business? Let’s see.
What Is Legacy System Modernization?
Legacy modernization is a process of transforming or converting a legacy system into a modern infrastructure to reduce IT costs, improve flexibility, collaboration, and consistency.
It is similar to a software update. The legacy transformation combines the strength of old business applications with modern-day technologies and software architectures to build a robust platform.
According to research, companies that modernized legacy software successfully reduced the overall cost of business operations by more than 13%. It was also noticed that businesses with modernized legacy systems were able to increase their annual revenue by at least 14%.
It is similar to a software update. The legacy transformation combines the strength of old business applications with modern-day technologies and software architectures to build a robust platform.
According to research, companies that modernized legacy software successfully reduced the overall cost of business operations by more than 13%. It was also noticed that businesses with modernized legacy systems were able to increase their annual revenue by at least 14%.
Benefits of Legacy System Modernization
The systems you choose to invest in to become the very foundation of your business. With the right tools and systems in place, you can accomplish business objectives and reach your company’s full potential.
Legacy system modernization empowers your IT department so that they can work more efficiently and intelligently. They would no longer need to waste time on manual integrations and bug fixes.
Below are some of the significant benefits of legacy modernization:
Legacy system modernization empowers your IT department so that they can work more efficiently and intelligently. They would no longer need to waste time on manual integrations and bug fixes.
Below are some of the significant benefits of legacy modernization:
Cost Reduction
Companies that modernize legacy software systems are 5X more likely to experience a significant reduction in cost.
When you move from local on-premise data centers to cloud-based solutions, you can cut down on the cost associated with data center utilities. Cloud-based data solutions offer more scalable and manageable services at affordable rates.
Organizations spend more than 60% of their IT budget on the maintenance of the legacy systems. The big chunk of this maintenance task consists of managing the old codes and raising the support tickets.
Improved Business Agility
Modernized applications allow companies to serve their customers and vendors in an efficient way. Companies with modernized systems stand a better chance of getting more business. The web-based modern technologies provide high scalability to your organization. They allow you to connect with your customers in real-time.Usually, companies find it very hard to develop new products or features with the legacy systems. With modernized applications, it becomes easier to plan for the future, design, and launch new features and services in less time. On the development side, modernization means better code, well-managed databases, and highly flexible applications. Web-based systems allow your employees to work in real-time from anywhere in the world.
Enhanced Team Productivity & Performance
Improving the overall team productivity is one of the crucial benefits of modernizing legacy systems. You can move the workforce to cloud and leverage cloud computing to improve the efficiency of day-to-day activities.Here’s how modernized systems can help you improve productivity in your business:
Improved developer productivity: According to the Forrester study, upgrading the legacy applications enhances the productivity of your development team by as much as 40%. Developers get access to better development tools and sophisticated cloud technology that helps them improve efficiency.
Portability: Different departments of the same organization have different needs. For example, a particular team may require more storage space, while other groups may have fast processing needs. Modernized legacy systems are highly flexible and work in variable conditions. With portable modules, you can efficiently manage resources and achieve optimum results.
Better Security
Security is probably one of the most important reasons why you should consider modernizing the legacy systems.According to reports by security firms like Symantec, outdated systems are highly vulnerable to malware attacks and data breaches. Lack of support from vendors is the main reason why legacy systems are so vulnerable to such attacks.
You can’t just rely on the systems that seemed secure five or ten years ago. Modernization of legacy system provides you with better security and protection to your critical business transactions.
Why Modernize Your Legacy Systems?
Once the decision is made to replace and upgrade your legacy IT systems, a centralized integration platform will deliver several important benefits. Here are 5 legacy modernization benefits:
1) Onboard new applications and partners faster
2) Provide faster responses to changing partner requests
3) Access real-time data transaction views
4) Provide end-to-end data governance to ensure compliance
5) Receive automated notices should an issue arise to quickly identify and resolve errors
