As digital landscapes continue to evolve and proliferate, a pressing challenge many businesses face is technology transition – the process of adapting and integrating new systems to replace or enhance obsolete technology in a bid to confront changing business realities, improve operational efficiency and gain competitive advantage.
While seemingly straight-forward, technology transitions can be uncomfortably disruptive or even catastrophic if not handled meticulously. Factors such as potential system downtime, data security, knowledge transfer, staff training and costs, all convolute this process. Hence, an in-depth understanding of the nature and process of technology transition as well as pertinent industry trends is invaluable to any organization planning to navigate through this digital course, an understanding we’ll explore herein.
Many enterprises are now undertaking technological transition as reported by Gartner that worldwide IT spending on enterprise software is projected to reach $599 billion in 2023, demonstrating the trend of digital transformation and cutting-edge technologies on a global scale.
Animation is also becoming a big trend. According to ID Tech, 3D animation software market is set to grow by 9% CAGR between 2020 and 2025. This ties into the topic of technology transition because businesses are having to evolve their graphic software to keep up with demand and changing technology.
Cloud migration is another trending transition. A 2018 report by LogicMonitor predicts that 83% of enterprise workloads will be in the cloud by 2020. This underscores the growing significance of Cloud computing technologies and the need for businesses to transition from traditional in-house IT spaces.
With increasing advancements such as AI (Artificial Intelligence), IoT (Internet of Things), AR (Augmented Reality), VR (Virtual Reality), Blockchain technologies, Progressive Web Apps, and multi-experience development spaces, the technological transition is no longer an option but a resolved necessity.
As we proceed in this discourse, we will divulge more on diverse kinds of technology transitions such as cloud migration, system modernization, software upgrades, IT outsourcing, etc.; the best practices involved, challenges that might arise and of course, the colossal benefits that come with successful technology transitions.
Let me invite you to continue this enlightening journey into the world of technology transition on our blog. Feel free to explore other related and equally interesting topics on our blog. For more information or to discuss more on technology transition, do not hesitate to contact us at Cobol Migration Services. We are always ready to help you navigate through the winding paths of technology transitions.
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