The times are right for application modernization
According to Gartner, one of the top strategic technology trends for 2021 is hyperautomation. This vision says that everything that can be automated in an organization must be automated. Many organizations still have a number of legacy business processes that are not streamlined, making large and costly problems inevitable. They are working with a patchwork of technologies that fall short when they need to work together or when functionalities need to be added from a business perspective. Legacy applications can be a bottleneck to achieving hyperautomation. But even if you’re not aiming for that optimal level, they’re holding you back in this digital world. Organizations that fail to focus on efficiency, effectiveness and business agility will lag behind.
Modernization of applications is a way to deal with these legacy applications and processes. The outlook for application modernization is also good. Recent technologies such as cloud, big data, IoT, etc. have made it much easier to access data from legacy applications, for example. The coronavirus crisis is also making its mark here. More than ever, it is clear that an organized, innovative, efficient and quick approach to business operations is essential to survive in a world where normal circumstances no longer exist.
These triggers are driving visible growth of the application modernization services market. Small to large companies are forecasting growth of up to 17% in the coming years, in virtually every sector. The need for modernization is everywhere.