If I told you your company has a significant vulnerability, one that could paralyze or even destroy it if left unaddressed, you’d want to know what it is, right?
However, there’s a good chance that this vulnerability may currently be something your business thinks of as a major strength: your company relies on legacy software for its most crucial business processes.
Why does this matter?
Legacy software modernization looms large on the market’s radar screen. In recent surveys, many users indicates they felt their existing legacy applications, particularly ERPs, were out of date and a large-scale modernization was planned or underway.
Recent research by Avanade shows that businesses that modernize their infrastructure can expect revenue to increase by an average of 14%. [Tweet this!]
Legacy Software Modernization Matters
Legacy modernization is not just single modernization; it involves all aspects of the business. This includes building a new engine that will render the business services needed to run a business from the inside out. The purpose is not to change the way that the business works, but to completely transform and improve the technology used.
It’s not so different from driving to work. You can drive a car or truck, but they will both get you to the same destination.
What is Legacy Software?
Legacy software is any software that performs a critical service but does so in a way that makes it obsolete. As the Internet evolved and took on the business world, much of the day-to-day operations companies relied on became irrelevant. Sometimes it happened by accident, but sometimes this happened because those companies just weren’t paying attention.
Although much of this architecture was mission critical, the systems were considered legacy practically overnight when they simply couldn’t do their essential jobs at the same level that other widespread forms of technology could.
Benefits of Modernizing Legacy Software
Undertaking a large application modernization project isn’t always easy. However, once you come out the other side, your business can experience the following benefits:
Improved User Productivity
Adaptation to the Future
Research also shows that updating your legacy systems, IT, and processes can reduce business operation costs by more than 13%! This is another big win on the horizon for your business.
Options for Legacy Software Modernization
So now you know what legacy software is and why it’s important to consider the future of your business-critical systems. But what can you do to ensure that your applications meet current and upcoming demands?