Modernizing your legacy systems/software helps you remove any bottleneck in the production cycle; it speeds up product and feature releases, improves efficiency for end-users, and ensures standardization of UX/UI and digitization.
In this uncertain global market scenario, businesses have become more meticulous about their expenditure than before. Modernizing your legacy systems/software helps cut unpredictable investment in obsolete technology for good.
When an enterprise deals with legacy systems/software and decides to modernize their infrastructure, they migrate data, applications, or other business elements to an environment of cloud computing, called cloud migration. Cloud migrations are of various types, the most common being the transfer of data and applications from a local, on-premises data center to the public cloud.
SaaS or software as a service implementation is how enterprises enable a SaaS offering in a cloud computing environment. For simple SaaS enablement, it can be a self-service provisioning system available via public clouds. However, SaaS Implementation on private clouds may get complex due to business processes, workflows, setup data, user roles and responsibilities, metadata, and custom instructions & error message; the time when you need us!
Covid19 has been the biggest check for the government sector when around December 2020, 15000+ Vermont citizens received delayed unemployment checks due to some mainframe error. Imagine the horror and then think if upgrading decades-old legacy systems/software could have prevented it? The government sector has no way out but to invest in technology made for today for a better tomorrow.
In life sciences, consider patent cliffs, pipeline acceleration, regulatory changes, consolidation, carveouts, divestitures, spin-offs, etc. In health care, think about the security of patient data, evolving local care delivery models, interoperability challenges, increasing financial pressures to shift from volume-based to value-based care, and regulatory changes. Now consider if your legacy systems/software is a better fit or investing in art-of-technology?
Legacy banking software is a major constraint, preventing traditional banks from scaling capabilities at par with digital banks. On average, larger incumbent banks have setups written in COBOL from the 60s and 70s. Modern programmers use advanced programming languages (COBOL is now obsolete), and therefore there’s always a risk involved if banks do not consider modernizing their legacy systems/software.