Application modernization revolves around updating the existing monolithic applications of an organization. Sometimes new applications are built to align all business objectives seamlessly. It brings agility and flexibility to business operations to leverage all future growth opportunities.
IT companies dependent on legacy systems often struggle with high maintenance costs, incompatibility and a lack of coders. It prevents organizations from fully achieving a digital transformation. In fact, the reliance of companies on legacy applications hampers their ability to harness the complete potential of digital technologies.
This article explains in detail why businesses need to adapt to modern applications. From increasing revenue to improving the productivity of employees, application modernization can do it all.
Introduction
Application modernization has become a necessity for all organizations to provide a pleasant customer experience and beat competitors since the world of technology becomes witness to new technology every now and then. No business can sustain itself in the modern competitive environment with obsolete technologies.
The application modernization approach involves improving the platform infrastructure, features, and internal architecture of legacy applications. Finding success in the application modernization procedure involves choosing the right strategies. Most legacy applications are monolithic, and the application modernization process helps give them a new life.
Monolithic applications primarily need to be modernized because they are difficult to update and expensive to scale. Modernizing them also helps to control security risks and make them more user-friendly. Dive deeper into how application modernization can benefit your business.
1. Improve the Productivity of Employees
Everyone in the digital era wishes to upgrade themselves according to the latest technologies. Outdated technology or software will make it difficult to solve bugs and identify other glitches. It will lower the satisfaction levels of your employees and hamper their productivity.
Repetitive manual tasks hinder the growth of your organization by keeping your employees occupied. Moreover, they will also become frustrated while working on the same thing repeatedly. But with access to modern technologies, development teams and administrative staff will be able to become more productive.
A company with a legacy IT system needs to train every employee who comes on board. Educating them on how to run legacy systems is not just a waste of time but also expensive. Thanks to application modernization, everything can be automated, and training new employees has become a piece of cake.
2. Enhance Customer Experience
Modern customers are spoilt with choices as multiple companies are offering the same products and services. If you fail to give your customers a reason to stick around, you won’t sustain amidst the competition breathing at your neck. There’s nothing better than working on your customer experience to make your brand stand out in the crowded market.
Around 89% of customers are likely to come back for another purchase when they receive a positive customer experience. But outdated applications will ruin customer experiences. With legacy application systems, your business will struggle with offering a fast and efficient solution.
But modern applications enable businesses to leverage the cloud environment. You will find it easy to recover information and data during times of need. Application modernization will offer your customers the opportunity to easily navigate through your systems.
3. Eliminate Technical Debt
If you don’t modernize the legacy applications of your business, technical debts will rise up to the brim. The legacy systems contain various issues like lack of scalability, bugs, and maintenance cost. Furthermore, the components in a legacy system remain interconnected.
Therefore, it will be difficult for you to fix it without breaking the entire system. The process of fixing legacy systems is extremely time-consuming. Moreover, the repair costs will go way beyond the technical budget.
Opting for application modernization will help reduce the operational costs of your business. It will ensure that you witness more profits at the end of the financial year. The cost of maintaining legacy IT systems is higher than switching to modern technologies.
4. Improve Security
Legacy applications don’t come with too many security measures to protect your business from cyber threats. But the lack of a good security plan to protect business data will increase the chances of a cyber-attack. It will cause you to lose essential data as well as customers.
But cloud-native applications come with top-notch security features. They are easy to implement and help save time and money. Therefore, you don’t need too much effort to protect modern applications.
5. Increase Revenue Streams
Application modernization is necessary to increase the revenue generated from your business. While expanding your business, you will add different new features and services. The latest additions add value by looking after customers’ needs.
But legacy systems don’t come with the flexibility of modern applications. Making profitable changes in a legacy application system is extremely challenging. But introducing new features and services is mandatory for every business to win on the competitive battlefield.
Application modernization will help you add new services and features that can improve customer experiences. Satisfied customers will stay loyal to your business in the long run. Moreover, they will also recommend your business to others and further increase your revenue.
How Can Mphasis Help You?
If you are looking forward to offering improved and personalized experiences to customers and stakeholders, Mphasis will come to your rescue. They will help deconstruct legacy IT systems within self-funded increments. They will help reduce your IT overhead charges and minimize technical debt.
They will ensure that modernizing applications doesn’t increase your maintenance efforts and costs. The experts will use years of experience to automate several aspects of the modernization process and increase its speed.
Wrapping up
You should always begin the process of application modernization after performing a proper application assessment. You will find multiple approaches to application modernization, with each offering its benefits. Choosing the right application modernization service like Mphasis will make the transformation from archaic applications to modern ones a smooth journey.
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