The Benefits Of Application ModernizationWhen software becomes outdated, application modernization brings new life to legacy software by adding additional functionality and integration capabilities.
As businesses begin to grow and expand, the need for custom software which is able to add additional functionality and flexibility also grows. Growth and expansion could be slowed down considerably for those who still use legacy systems and software, due to the lack of the ability to integrate with new systems and add new functionality. With application modernization, businesses are able to update old software in order to utilize custom and modern capabilities and features.
What Is Application Modernization?
Application modernization is the repurposing of legacy software so that it better aligns with a business’s current needs. When software becomes outdated or obsolete, it can be a major hindrance for businesses undergoing technological growth. Out-of-date platforms can be difficult to use and may contain features that do not align with modern technology. To keep legacy applications running smoothly, it may be necessary to make some essential updates.
Why Consider Modernizing Internal Legacy Systems?
Owning and operating outdated software can present a variety of challenges, especially when these platforms no longer align with a business’s goals. Outdated software can accumulate bugs and other problems over time, resulting in employee and customer frustration. Due to the age of these legacy applications, it can be difficult to find viable solutions that are not expensive or time-consuming to implement. Modernizing legacy systems can come with multiple benefits, such as saved time, money and aggravation.
Here are just a few important reasons to modernize an internal legacy system.
Ability To Create New Features & Services
When a business first purchases software, they typically choose a platform that meets their current needs without considering the future. However, companies are always changing and adapting to new technologies and trends. When existing software programs become outdated, it can be difficult for businesses to continue meeting the needs of modern customers.
Application modernization services provide businesses with the ability to create new features and services that better align with their business’s current state and future goals. These new features can be personalized for the business to ensure that the legacy application continues to provide value.
Improves The Productivity Of Employees
One of the most important benefits of application modernization commonly overlooked, involves the productivity of staff. Developers and administrative employees are often more productive when they have access to technology that is easy to use and eliminates tedious chores.
Application modernization can be used to help automate tasks and eliminate repetitive processes, allowing employees to use their time more effectively. A modernized system may also result in fewer application problems, improved functionality and more features designed to streamline operations.
Eliminates Technical Debt
Maintaining outdated legacy systems can be a costly endeavor. According to market research specialist Vanson Bourne, organizations that took the necessary steps to modernize their legacy IT systems reduced their operational costs by 13 percent. In addition to reducing operational costs, application modernization can result in a potential boost in annual revenue of more than 14 percent.
Savings can be achieved by eliminating technical debt without having to purchase completely new systems. With a modern system, businesses do not have to spend as much to maintain outdated code while also experiencing fewer problems overall.
Enhances Overall Customer Experience
Operating a legacy application may seem harmless in terms of customer service; however, continuing to use an outdated system can actually have a negative impact on customer experience. Customers expect businesses to keep up with new technology and trends and businesses must comply or risk losing their target audience to their competitors.
Application modernization enhances the customer experience through various changes, such as transforming the front-end user interface, creating new features, offering new services or automating previously manual processes.
New Ways To Build Additional Revenue Streams
Application modernization can even present new revenue streams. When a company takes the initiative to modernize their business, they have the opportunity to create new processes or services that deliver added value to customers. Outdated legacy systems are often not very flexible preventing businesses from making the updates needed to make profitable changes.
Implementing new services or processes leads to greater customer satisfaction in addition to increased profits. Satisfied customers are more likely to recommend a business, generating more leads.
Reach Out To A Professional Custom Software Development Company
The majority of IT products have a life cycle of just five years, according to Flexera. When technology ages, its features and capabilities begin to dwindle which can negatively impact a business’s ability to operate without disruptions. Aging legacy applications can also affect customer experience which can influence what people think about a particular brand or service.
Fortunately, businesses can get up to speed with modern technology without having to spend a fortune on all new systems. Application modernization is a cost-effective solution to reduce IT costs and improve flexibility and collaboration. For more information about the benefits of application modernization, speak with the experts at Orases by calling 301.756.5527 or by scheduling a consultation online.