The fast adoption of digital platforms such as social media, mobility, analytics, cloud, artificial intelligence, and the Internet of Things (IoT) has made the market competitive. It is therefore imperative for companies to modernize their legacy systems, by adopting future-ready technologies. Companies are making huge investments to modernize their legacy systems, aiming to reduce costs, improve time-to-market, and adopt the latest technologies to meet customer and market demands.
However, in the absence of proper planning, and when the age and complexity of legacy systems are underestimated, there is a significant risk of failure associated with these modernization exercise. In our experience, we have seen that most legacy modernizations do not meet the perceived objective and sometimes exceed the set budget and timelines. In addition, organizations are skeptical to take up legacy modernization programs, due to their long completion cycles. Besides, new technologies introduced necessitate constant upgrades and revisions to existing systems.