The Business Case for Modernizing Legacy Applications

1. Byteridge The Business Case for Modernizing Legacy Applications

2. Byteridge Introduction • Agility and innovation are more than just buzzwords in today’s fiercely competitive business landscape—they’re essential for survival. With markets evolving rapidly and customer expectations soaring, businesses must adapt quickly to stay ahead of the curve. • Imagine a company stuck with outdated systems: slow, insecure, and incompatible with modern tech. This hampers innovation and market responsiveness. So, driven by the need for agility, many IT organizations are prioritizing legacy application modernization efforts. • With legacy modernization, businesses can revamp their systems to boost performance and security. This allows them to innovate and compete effectively. For example, consider a retail company that decides to modernize its e-commerce platform.

3. Byteridge The Need for Business Agility and Innovation • Businesses today spend around 70-80% of their IT budget on old-fashioned legacy systems. Surprisingly, only a small 16% is set aside for sparking innovation and the process of product development. • Even more concerning is that this tiny innovation budget is working at just a quarter of its full potential, all because of the challenges of inflexible legacy systems. • Business agility means a company’s ability to quickly adapt to changes in the market, both inside and outside. This agility is essential for businesses to stay competitive and successful, especially in fast-changing environments. • Being agile helps companies adjust their plans, processes, and activities quickly to meet changing customer needs and market trends. This flexibility lets companies grab opportunities as they arrive, keeping them ahead of their rivals. Also, agile businesses can handle uncertainties and problems better, cutting risks and boosting their resilience.

4. Byteridge Application Modernization: A Catalyst for Change • Application modernization involves updating and upgrading existing software applications and migrating to modern technologies, architectures, and deployment methods. This process enhances the performance, efficiency, and agility of applications while reducing technical debt and operational costs. • Leading enterprises have begun legacy application modernization (often called adopting cloud-native solutions), like taking a “cloud-first” approach. This shift has significantly accelerated the deployment pace for these organizations. According to Enterprise Strategy Group (ESG), 90% of enterprises found cloud-native applications deploy faster, with 30% experiencing notably faster results.

5. Byteridge Approaches to Legacy Application Modernization • Modernize: Retain existing on-premise applications but migrate to more modern application and infrastructure architectures. • Refactor and shift: Use cloud-native frameworks to redesign existing applications and further deploy them in off-premises cloud environments for improved scalability and flexibility. • Lift and shift: Migrate current on-premises applications to cloud platforms or off-premise environments. But make minimal alterations to the application code and business logic to ensure continuity and cost-effectiveness. • Repurchase and shift: Replace all current on-premises applications with SaaS (Software as a Service) or off-premises versions by leveraging third-party solutions for enhanced functionality and scalability. • Retain: Keep current applications unchanged but integrate them with modern technologies and platforms to extend their lifespan and functionality.

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