Digital transformation is ushering a rapid change in every industry that you can possibly imagine. DX is more than just a fancy upgrade, it is the complete overhaul. When coupled with a cultural change, digital transformation makes the business more flexible, stronger and adaptive. So when the transformation is made, it affects all the touchpoints.
Businesses these days are spending on software applications that bring in revenue. These software apps drive revenue from digital channels and are usually on the cloud, like SaaS (software as a service), iPaaS (integration platform as a service), aPaaS (application platform as a service), and more.
Waste of money – Legacy IT systems, unfortunately, are a burden as a lot of money is spent on just operating and maintaining it. Every new technology that is coming up is built in the cloud using cloud architecture and approaches.
Can’t leverage the latest technologies : Deloitte, in its report ‘Legacy systems and modernization’ says “Legacy solutions lack flexibility and carry a significant technology debt due to dated languages, databases (and) architectures. This liability prevents many organizations from advancing and supporting analytics, real-time transactions, and a digital experience.”
Talent : It is difficult to find talent who are experts in legacy systems. Who takes the time to be familiar with COBOL or Fortran anymore? What is the ROI for them to do it? Keeping your legacy systems intact will only turn away talent.
GTM : The time taken to go to market is much faster when there is a digital transformation program implemented. In fact, in a survey taken by Deloitte, businesses said that one of the reasons why they implemented IT upgrades was to decrease the go-to market time.
Security : Legacy systems are a playground for hackers as they are difficult to secure and monitor. Even though cloud applications are not out of danger, the onus is on the business to protect it with strategies that work usually.
New markets : When you are using outdated legacy systems, it is difficult to embrace new markets and create new strategies through digital tools and platforms.
It is time you leave the burden of legacy systems and develop a model to retire them.