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Business is moving faster than ever. Industries such as transportation, financial services, healthcare and entertainment are being disrupted by technology-driven startups that are attuned to changing customer behaviors and shifting market conditions.
In order to be able to respond quickly to these changes and to compete in today’s ever-evolving marketplace, businesses need to become more agile. Companies that are unable to make this pivot face dire consequences. According to a study by Innosight, roughly half of the companies on the S&P 500 list will be replaced in the next ten years.
Many longstanding companies struggle to make the transition to becoming more agile since they are typically bound by inflexible and costly legacy systems which make it difficult to respond quickly to customer and market shifts. A common approach by many companies is to ‘rip and replace’ their legacy systems as they attempt to transition to a nimble digital environment.
The problem with this strategy is that it is extremely costly and highly disruptive for IT teams to tear out legacy systems. Enterprise companies invest millions of dollars to customize and maintain legacy technologies. Plus, organizations are often beset with difficulties in transitioning data over to new platforms while the replacement of infrastructure and applications negatively impacts other ongoing projects.
Clearly, companies need a more sensible and cost-effective way to transition to a digital environment.
Senior Product Marketing Executive
Senior Research Director
How companies can more easily transition to a modern infrastructure and applications without discarding years of legacy investments
Examples of leading companies across different industries that are benefitting from accelerating their migration to a modern infrastructure
The business benefits and competitive edge that can be gained by reducing fixed IT costs and creating variable spending for innovation projects