The Roadmap to Modernization: Effective Technology Migration Strategies
IT leaders are gearing up to increase their application modernization investments by an average of 42%, as outlined in the 2023 Gartner CIO Agenda. This surge in spending is driven by the urgent need to tackle technical debt and accelerate businesses toward their digital transformation goals. Picture this: your business environment is like a Formula 1 race. However, with outdated legacy systems, you have to compete on a bicycle while others zoom ahead in high-speed race cars. It is easy to cling to the familiar: the old systems that are comfortable and predictable, but they are also holding you back. Here’s the reality: more than 77% of mature companies that embarked on legacy modernization have experienced setbacks, failing at least one of their planned initiatives. These statistics serve as a powerful reminder of the complexity and challenges of modernization, underscoring the importance of a strategic and well-executed plan to navigate the transformation successfully...