The digitised landscape of the 21st century is characterised by a ceaseless whirlwind of technological developments. Contrary to the traditional concept of software, where dynamism and change most often meant inconvenience, in today’s economy it represents flexibility, agility and evolution. Staying still is equivalent to falling behind, thus the modernisation of information systems, is no longer seen as an option, but as an essential step forward. Welcome to the world of Information System Modernization.
The first question arises, what is Information System Modernization? In simplest of words, it is the art and science of upgrading legacy systems to cutting-edge technologies. It is a lifeline to organisations that struggle with outdated systems hindering their growth and operational effectiveness. Information System Modernization, however, is not a statement of mere technical upgrade, but rather a strategic vision. It integrates the triad of people, process and technology to create solutions that are relevant, personalised, and sustainable.
Let’s look at some industry trends within this dynamic landscape. According to the market research firm, Allied Market Research, the global Application Modernization Services market size is predicted to reach $24.8 billion by 2022, growing at a CAGR of 18.8% from 2016 to 2022. These figures hint towards an absolute necessity for businesses to transition towards modern, robust and scalable systems, automating routine tasks and freeing up resources, enabling them to focus on growth and innovation.
However, business leaders often wrestle with the question of when and how to transform their legacy systems, security and maintenance costs being primary barriers. An often over-looked risk is the increasing skills-gap, as baby-boomers who were trained on COBOL or RPG are retiring and the new generation of IT professionals prefer contemporary languages like Java, C++, Python or Ruby.
Meanwhile, technology never waits. The advent of Cloud computing, Machine Learning, Big Data, AI and IoT has transformed the world into a hyper-connected web of devices, where delay in adoption can lead to significant strategic and operational losses. In this dynamic environment, the modernization of information systems is critical for businesses to remain agile and relevant – navigating change, mining insights, and maneuvering through the competitive landscape.
Whether it’s a complete system overhaul or gradual migration, businesses should align their modernization roadmap with ultimate business goals and strategic vision. Information System Modernization helps businesses address and harness disruptive technology, while enabling them to build a strong digital core and foster innovation by shrinking the gap between business and technology.
For more on Information System Modernization, feel free to browse our wealth of articles on the topic. For enquiries on modernization, how it could be vital to your business, or just a general discussion around the topic, don’t hesitate to get in touch. For other in-depth content, we invite you to browse our blog. Together, let’s streamline the journey of transformation.
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