Facing problem with your software? App modernization could be your next software solution
The world of technology is changing rapidly. When technology becomes outdated, it isn’t easy to unravel bugs and other problems due to a scarcity of support and services. With any outdated software system, businesses cannot sustain themselves in today’s competitive market.
Along with maintaining with the changing marketplace, their application must be user-friendly with an honest customer experience to beat your competitors. Because of the app modernization services approach that provides new life to the monolithic applications.
The growth of app modernization is supposed to be USD 24.8 billion by 2025, at a Compound Annual rate of growth of 16.8% from 2020 to 2025. Essential factors of accelerating the app modernization market are the cloud-native approach and Service-Oriented Structure.
For a better understanding of app modernization, it's the method of repurposing your old legacy software solution application with its features, internal architecture, and platform infrastructure. It’s supported the cloud in order that we will call it a Cloud-Native Apps or Intelligent apps.
Some of the statistics claim that maintaining the old legacy system may be a time-consuming process, and it also makes up 60-80% of the IT budget within the average corporation. Additionally, when your software solution gets outdated, it won’t be compatible with new systems.
Why do you have to modernize your legacy IT system?
Running an old software solution system or outdated application causes many problems and challenges, especially when the system cannot align with business goals. Additionally, the legacy app can store bugs and lots of other issues over time. As a result, businesses may need to face the frustration of employees and customers.
Moreover, it isn’t easy to seek out a viable solution that's easy to integrate or cost-effective for these legacy applications due to their age. However, modernizing legacy software solution systems is that the right solution to interact and convey new customers. Also, it come with two major profitable benefits like saving money and time. Few challenges are mentioned below;
· Security risk
· Unable to integrate with new technology
· Unstable and Inefficiency
· Lack of information
· Very costly to manage
· Incompatible to satisfy customers need
· Lack of user-friendliness
Since we now know the challenges a business faces while handling legacy software solution systems, let’s check out the benefits and benefits of app modernization.
The Benefits of App Modernization
Flexible to make New Features & Services
When choosing software solution for business, every business owner’s first thought is that software solution should meet their business needs. However, companies are always able to change and adopt new technology and trends. But, when the outdated legacy software solution system becomes obsolete, it's challenging for businesses to satisfy modern customers’ needs.
App modernization gives businesses the facility to make new features and services of software solution that align with current business needs and have goals. Additionally, companies can personalize these features to form sure that legacy applications still provide value.
Helps to extend the Productivity of Employees
In this digital era, everyone wants to upgrade themselves with the newest software solution technology. However, if you continue to use the outdated software solution or technology, your staffs’ satisfaction level will go down, which will directly impact their productivity.
In addition, if your developers and administrative staff can access modern technology, they might be more productive than before.
Likewise, when a corporation grows, they hire new staff. As a result, educating them on the way to run a legacy IT system is extremely costly and time-consuming. But, because of modern technology, it helps automate tedious and repetitive processes, and it’s easy to teach new software solution to new employees.
Eliminate Technical Debt
When businesses aren't able to modernize their legacy application, technical debts starts to increase. The legacy system contains too much problems like bugs, application maintenance cost, lack of scalability.
Moreover, all the components within the legacy software solution system are interconnected, so you'll not fix them without breaking other parts. It’s very time-consuming and affects the technical budget.
Maintaining an old legacy IT system is extremely costly. But, according to some market specialists, businesses can reduce their operational costs by up to 13% through modernizing the outdated system. Also, they will boost their annual revenue by quite 14%.
Improves Customer Experience
Many businesses are offering an equivalent services and products. So what makes your business or brand stand call at this competitive market? As per research statistics, 70-75% of clients are able to pay more for an immeasurable customer experience. So we will say that an honest customer experience is as essential as profit.
However, customer support also suffers simply because of outdated legacy software solution apps. Therefore, providing a quick and efficient solution for these sorts of apps is sort of troublesome.
On the opposite hand, in modern applications, you'll cash in of the cloud environment. It’s easy to recover all the info and knowledge whenever it's required. After app modernization, your customers and potential customers can navigate easily through your system.
There are many security measurements in legacy app to watch and update as per the newest cyber threat. However, without an honest security decide to protect your company and its data can cause a cyber-attack where you'll lose your customer and essential data also.
On the contrary, cloud-native applications offer top-of-the-line security measures that are very time and cost-saving. As a result, you don’t got to give much effort as compared to legacy applications.
Helps to extend Revenue Streams
App modernization also helps businesses to extend their revenue streams. When companies plan to expand their business, they will add new services or processes which will add value to the customer’s needs. Unfortunately, legacy systems aren't as flexible as modern applications. As a result, it isn’t easy to form profitable changes.
Updated services or processes are crucial for all enterprises to win this business tug-of-war. With app modernization, you'll add new features, services, or functions that cause a far better customer experience and a rise in revenue.
The majority of IT applications have an age of 5 years. When technology gets outdated, its features and functionality start showing a negative impact on the business rapidly. Legacy IT systems also can affect customer experience that hampers a specific brand or service.
Fortunately, businesses can cash in of recent technology without spending an excessive amount of. App modernization is a cost-effective solution to chop down your IT costs and improve flexibility and collaboration.