Modernization

Why Organizations Should Modernize Application Development

The success of an enterprise organization often hinges on a number of business-critical applications. Top market players realize this following Gartner, and are projected to up their spending on enterprise software by 8.2% to reach $466 billion in 2020 – compared to less than $400 billion in 2018.

Not all tech firms, however, have invested in catching up their to the digital age. Many businesses are still relying on outdated systems for various customer-facing and back-office applications.

Businesses’ IT teams and – sometimes limited – capital resources are usually tangled up just maintaining these legacy systems, frequently leaving little time and funding to put toward innovating their existing technologies.

 

But, even though organizations have likely heard a number of times about the importance of bringing their outdated application portfolios up to date, the question often arises: is modernizing worth the immediate cost of doing so?

The inconvenient truth of the matter is that businesses who fail to innovate their essential applications run a major risk of being left behind and missing out on a ton of opportunities for new partnerships. Does the word Blockbuster ring a bell?

From smart applications and artificial intelligence (AI) to No-Code development, there are just better ways of doing things nowadays – methods of achieving meaningful innovation and true market disruption.

Transforming legacy systems into modern, No-Code platforms not only makes integrating other third-party applications seamless, updating also provides users with boosted revenue generation, more revenue flow opportunities, cheaper maintenance costs, time saved and a better experience overall.

The reality is that a business model running on outdated applications is simply unsustainable, particularly when it comes to the agility needed to stand a chance of competing in today’s startup scene.

Waiting to modernize might be the most detrimental decision you make for your organization.

If it’s not broken, why fix it?

Sure, your legacy products are running smoothly and no major issues have come up recently. Why should your organization spend any upfront capital on improving a somewhat-outdated application? There are several advantages that result from modernizing your app portfolio, and they all center around one common thing: making your life as a business decision maker easier.

So, what benefits does going No-Code-Native bring an organization?

Lower Maintenance and Operational Costs

Ditching a legacy platform means saying goodbye to the higher costs to maintain the outdated infrastructure on which they run, the lack of reusability and the code maintenance. By replatforming onto a multi-tenant architecture, efficiency is boosted throughout many areas of a business’ operations.

A True Advantage in a Highly Competitive Ecosystem

Going No-Code opens your business up to new market segments and potential partners that were previously incompatible – thanks to more flexible deployment and support models. Plus, your customers won’t be burdened with a huge upfront hardware investment.

Benefits of Cloud Technology

Every industry, for the most part, has already embraced cloud technology – along with the lower storage costs, easier scalability and elastic infrastructure that comes with it. Failure to start working on the cloud is a considerable drag on operational efficiency, particularly when compared to market peers who have already done so.

 

Better User Experience

You really don’t want your users presented with alternative applications that provide a sleeker, easier-to-use interface. By giving your customers an innovative User Experience, user adoption can start to truly blossom.

Simple Native Integration

Legacy technologies are severely limited due to a lack of web-enabled APIs that make integration with other systems a burden. Not only does replatforming an outdated system give you a leg up in the market, it also opens up new pathways to work with new third-party applications.

 

New Citizen Developers

When transitioning from traditional development approaches to digitalspace for your company’s application portfolio, you can take advantage of DSiO Builder – which empowers non-developer members of your team to contribute to the creation of disruptive cloud-native applications.

 

How to bring a legacy product up to date?

 

So, you’ve seen the light and realize that the aging systems your organization relies on should probably be dusted off and brought into the modern age.

How would you even start doing so ?

There are five ways to migrate a legacy product, each involving a different intensity of transformation. Starting with the least effective (and least demanding) method, here are the options you have after deciding to bring your aging applications into the present day:

Rehost As Is

Lift and shift entails moving your current application’s existing resources from an in-house data center to the cloud as is. This method keeps costs down because codebase stays the same, but it also means you’ll be missing out on a plethora of cloud-native benefits like microservices, multi-cloud, CI/CD, DevOps practices, PaaS, and more.

Refactoring

Refactoring keeps the codebase mostly the same while shifting onto cloud IaaS that comes with storage on the cloud, compute and network resources – giving the appearance of modernization and deeper integration while lacking most of the advantages going cloud native brings.

Re-architect

This ‘divide and conquer’ method containerizes a monolithic application by re-architecting it into a group of separated services that can each be constructed, deployed, and operated independently – enabling modern DevOps practices without doing a full-blown rebuild.

 

Rebuilding

This method involves flattening the app’s existing architecture and starting from scratch by , rebuilding its code base as a cloud-native application. Fully embracing the cloud leads to the most advantages, such as making innovation and product releases much faster while reducing expenses overall.

Replace

Sometimes the best to completely let an outdated platform go and opt for a brand-new cloud-based app to replace it. Thanks to sleek software-as-a-service (SaaS) solutions, a fresh application will always have the newest version, not require constant updates, cut cost, boost security and transfer the user support burden to a third party.

The Bottom Line

While modernizing a legacy product into a cloud-native application from the ground up is the most extreme option, the benefits of fully embracing the cloud are massive – and continue to provide financial and operational advantages for years to come.

Especially in the current market environment characterized by continuous growth in IT investments, non-stop innovation and heavy reliance on third-party software, failing to make your business-critical applications on-par with those of leading tech organizations may be a tremendously costly error.

 

If your organization is ready to truly start reaping the benefits of the cloud and smart contract technology, it is highly recommended that you consider rearchitecting or rebuilding the applications that are most crucial to your digital transformation strategy.

A typical approach these days is to first begin with rehosting the application to grab some basic cloud features, then later rearchitect or rebuild from top to bottom to squeeze out the most benefit possible from cloud-enabled technology.

Selecting the right partner to lead your organization through the complex and time-consuming process of modernization is vital. A seamless transition is possible with the right cloud-native expertise, design skills and sector knowledge – and will set the stage for how your company performs in the coming years.

At digitalspace, we’ve been leading clients from a diverse collection of industries into the digital age – empowering their teams with the ability to create genuinely disruptive and meaningful cloud-native applications.

 

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