Application Modernization: Your Path to a Future-Proof Future
Imagine being the owner of a restaurant business. You might start with a minimal menu, with three or four items, four tables, a chef, and a waiter. Ten months later, you realize that your customers have different preferences and that your menu is outdated. So, you update your restaurant based on your customers ' new needs. This is precisely how application modernization works!
Application Modernization, in a nutshell, is the process of digitizing or modernizing existing legacy applications by re-hosting, re-platforming, re-engineering, retiring, and replacing the existing modules. The application modernization market is expected to grow at a CAGR of 16.8% to reach 24.8 billion dollars by 2025.
What are Legacy Applications, and Why Modernize them?
A legacy application is an IT system that is based on earlier technologies or is based on outdated technology. They are usually those applications that are built into a single deployment package. Often, companies use legacy software/applications when they have older infrastructure compatible with the software and avoid buying new infrastructure.
With the rapid growth in technological innovations, working on outdated software/applications means decreased productivity, deviating from the vision of the company, and employee and customer frustration. Modernizing applications not only solves the above-listed problems but also creates avenues into new markets, creating new revenue streams and enhancing the business
Five main benefits of Application Modernization
Increased Revenue streams
Better ability to create new features and services
Better Security
Improved productivity
Enhanced customer experience
Key Technologies for Application Modernization:
Cloud Computing
The cloud has evolved as an essential facilitator for achieving the Application Modernization goal. Migrating traditional applications to a public, private, or hybrid cloud-based platform has many benefits. Read more about the cloud services.
Containers
Containers improve hardware usage by assisting the packaging of a solution to improve mobility and computing capabilities while lowering dependency on the underlying infrastructure. They virtualize the Operating system and make it portable to an application on-premise or on the cloud. It helps host microservices.
Microservices
Microservices is a software development approach where an application is decoupled into smaller parts, called monoliths. Monoliths can be deployed, operated, and updated independently. Benefits of microservices architecture include
Improved Scalability
Faster Time to Market
Faster Deployment Time
Faster Troubleshooting Turnaround Times
APIs
APIs or Application Program Interface enables two software components to interact using a set of instructions or protocols. APIs are one of the most effective ways to modernize legacy systems as they provide a way to orchestrate, transform and mediate data. This enables reusability and helps integrate multiple systems. Additionally, APIs can help connect legacy systems with cloud-based services very securely.
Conclusion
Application Modernization enables a company to become modern, efficient, and reliable. While this article covers this concept, in brief, our experts at EverstDX can assist your company in creating and evaluating your path towards a 'future-proof ' future
Together, we can create the customer experience that your users deserve. Contact us right away!
