More than 80% of enterprises struggle with slowing down operations, increased costs and lack of innovation due to legacy applications. Imagine your CRM, built a decade ago, is now barely keeping up with increasing business demands. Inability to scale, poor user experience and slow performance hold back the business.
So, isn’t it time to modernize the app? By Legacy Application Modernization, you can drastically improve the user experience, save time and money, and get the conversion rate rolling!
Real-world instances- how modernizing legacy apps can be transformational
Most relatable example- legacy Capital Expenditure budgeting and approvals applications.
Legacy CapEx apps often lack scalability, real-time data synchronization with modern ERPs, leading to delay in approvals and poor visibility into spending.
Before Modernization
- Siloed Data due to manual data entry
- No Integration with Modern ERPs
- Poor Analytics Visibility for forecasting
After Modernization
- Integration with Modern ERPs & Cloud Platforms
- AI-driven CapEx analytics for smart budgeting
- Enhanced visibility into expenditures & faster decision making
Moreover, with modernizing these legacy CapEx apps, you can harness big data analytics and predictive AI to get deeper insights into CapEx budgeting, spending patterns, and make optimized informed decisions on capital allocation.
Cloud migration will ease accessibility, security and scalability, not to mention the advanced disaster recovery features to protect the data.
Coming to innovation, enterprises can benefit substantially when it comes to new product development (NPD) once, they modernize legacy apps. Legacy apps without good collaboration features or supporting agile methodologies actually impede the process of NPD.
However, modernized apps offer better collaboration (MS Teams), agile tools and platforms that accelerate time-to-market (DevOps), and integration with Product Lifecycle Management systems. Moving NPD applications to the cloud can further boost scalability and flexibility and provide security and compliance.
Time to head for legacy application modernization
Once you break free from the restraints of old and outdated monolithic systems, you can experience the superior agility and innovation of modern cloud-based solutions. According to Global Market Insights, legacy application modernization is set to soar, as its market is projected to rise by 10% CAGR, from $19.8 billion in 2022 to $65 billion in 2032.
Challenges in modernize legacy applications
But is modernizing legacy applications an easy process? There are several challenges intertwined with the process of modernizing legacy apps. Complexity, technical debt and dependencies, skills gap, employee resistance, security concerns, hardware and infrastructure challenges, business getting disrupted, and whatnot are there!
But does that mean you can keep stalling legacy app modernization indefinitely? Definitely not! Transformation to modern cloud-native apps will align your software with present business and tech trends, get them future-ready, and also arm with the dynamic demands of insights and efficiency. Let’s explore.
How to approach legacy system modernization?
A strong app modernization strategy is the secret to success. The strategy will assist you in implementing modernization solutions through the process of adopting microservices, encapsulating legacy software, and introducing other modernization solutions. The end goal is to build a new system that ultimately improves business processes and customer experience.
Microservices form a crucial component in this legacy application modernization approach. By breaking down large monolithic applications into smaller and better manageable components or services, microservices encapsulate particular data and components within well-defined boundaries. This practice is necessary to achieve better maintainability in software systems.
Legacy application modernization is often considered a primary element of digital transformation. The core of digital transformation is integrating digital technologies and customer-centric approaches to gain a competitive advantage and boost business operations.
Benefits of Legacy Application Modernization
Modernization may not mean completely replacing all legacy applications; it is more about re-energizing them to meet modern standards and requirements. Legacy application modernization will shower an organization with a slew of benefits that will promote better efficiency and competitiveness.
Efficiency and performance
The primary benefit of legacy app modernization is superior performance and operational efficiency. Response times are much faster, and user experience is much better.
Cost savings
With modernization, enterprises can actually experience enormous cost savings. The maintenance costs that went for legacy apps substantially reduce, and enterprises can optimize hosting and can efficiently leverage a global workforce too. In the long run, get an excellent ROI on legacy app modernization.
For instance, a manufacturing enterprise that has used a legacy inventory management system for many years has been incurring a high cost. An outdated system that is slow and constantly requires maintenance to run smoothly is hardly cost-efficient.
Modernizing the legacy application will reduce maintenance costs and boost employee productivity by expediting the processes.
Superior security and compliance
With modernization, you also upgrade all the security measures around the application and ensure complete compliance with industry standards. These are an integral part of legacy app modernization. Hence, you reduce the risks of security breaches, become better compliant with industry regulations, and mitigate expensive compliance issues.
Enhanced user interface and experience
With modernization, you also revamp the app’s user interface and user experience. With a better UI and UX, you witness superior employee and customer experience.
FAQs – Everything you must know before modernizing your legacy applications
What is legacy application modernization?
Legacy application modernization is a process of updating or transforming the enterprise software which has been used for decades, or which is outdated. It typically includes modernizing older programming languages, frameworks, and other infrastructures with more efficient and secured platforms which are scalable for future requirements as well.
How to approach legacy modernization?
There are multiple approaches to modernize legacy applications like rehosting, refactoring, re-platforming, re-architecting, or full replacement. The strategies to Modernize legacy application basically depend on each individual organization’s goals and available resources.
Looking for a tech partner in your modernizing efforts?
Saxon AI is the technology partner that you need if you are considering modernizing your legacy applications. With 20 years of experience in this domain, our experts have helped many businesses modernize and repower their legacy applications.
