A study by Unisys/MeriTalk found that companies are spending $36 billion maintaining and supporting legacy apps. This is a substantial number in a world where new innovations and new technologies are constantly emerging. In order to keep up with the competition, companies need to constantly leverage new tools and upgrade their systems.
Businesses still relying on legacy applications need to modernize their applications to stay competitive, improve efficiency, enhance security, and help provide a better customer experience. But how do you figure out when and if you even require business application modernization?
Slow Performance
One of the most apparent signs that your business application needs modernization is experiencing slow performance across your systems and processes. More than 50% of employees are unhappy with legacy systems. Waiting 30 minutes for an application to process something which should only take 10 minutes will only frustrate your employees.
Frequent delays, system crashes, or glitches can also hinder productivity. Modernizing the business application can significantly improve performance, allowing for faster operations and enhanced efficiency.
Lack of Scalability
As your business grows, it’s essential to have technology that can scale alongside it. If your current applications struggle to accommodate increased demands and requirements, it’s a clear indication that business application modernization is required.
An outdated old system is more expensive to maintain and inefficient, resulting in slower workflow. Additionally, it could be vulnerable to cyberattacks due to its lack of security features. By embracing scalable solutions and cloud-based platforms, you can future-proof your business and ensure its longevity.
Difficult Integration
If integrating new software or tools into your existing ecosystem is a challenge, it’s a sign that business application modernization is needed. Outdated legacy systems often lack the flexibility to integrate with a variety of applications. As a result, organizations are unable to increase efficiency and productivity. This can lead to higher costs, slower response times, and decreased customer satisfaction.
By modernizing your business applications, you can integrate them with other applications and tools. Utilizing and integrating new tools will help to improve overall productivity across your organization.
High Maintenance Costs
Legacy applications require high maintenance costs to get them up and running. Companies are spending up to 75% of their IT budget on maintaining a legacy system. This includes the time and effort required to maintain the applications, as well as the cost of updating and replacing hardware and software components to ensure the application is secure and running properly. Apart from these, there are hidden costs, including licensing, staff training, etc., that need to be taken into account as well. All of these costs make maintaining a legacy system more expensive in the long run.
User Dissatisfaction
The satisfaction of your users is paramount to the success of your business. If you receive frequent complaints about your business applications, it’s time to consider modernization. Investing in business application modernization makes applications more efficient and reliable. Helping to deliver a better user experience, improve loyalty, and allow you to stay ahead of the competition. Recognizing the signs that your business needs modernization is crucial for staying ahead of your competition and meeting your customers’ needs. Whether it’s slow performance, lack of scalability, difficult integration, high maintenance costs, or user dissatisfaction, taking action to upgrade your business application can revolutionize your operations and drive business growth. Embrace and enhance the process of business application modernization with Prismberry, your end-to-end cloud solutions provider. We transform your existing legacy apps into high-performing, scalable, collaborative, secure, and reliable apps with almost zero downtime.
