Bridging the gap with Legacy ModernizationMay 29, 2017
Contrary to what we thought, cost is typically not the main driver for modernizing Legacy systems. Surely, it is costly to run and maintain a mainframe environment. The unavoidable vendor lock-in is ‘the old ball and chain’.
However, the need for increased agility and flexibility nowadays is more pressing. CIO’s nééd to support the business by opening the doors for innovation. They can no longer afford to spend over 75% of their IT budget on legacy systems while they are rapidly losing market share to emerging fintech, insurtech, ‘any’ tech companies that are not held back by legacy systems and are fully equipped to seamlessly tie into today’s mobile, self-service, big data, cloud, IOT society.
A huge gap between legacy systems and modern technology
However, there’s a huge gap between legacy systems and modern technology. Today’s customer interaction requires a different IT approach. A web-based ‘front office’ to service the customer, a ‘mid-office’ for all business-related IT like pricing, risk, payment, etc. and a ‘back office’ for core administration like policies, etc. Integration and modularization are key to success.
Trying to adjust legacy systems (i.e. the mainframe) is time-consuming, expensive and will never bring the level of modularity, agility and flexibility required to stay ahead.
When you want to play Major League, you must keep fit. Fit for the future. Investing in Legacy transformation is a proven key contributor to making a difference. It allows you to preserve the core of the original Legacy System while at the same time, automatically convert the entire legacy ecosystem to open systems equivalents. This results in a target environment that delivers the same or better quality of service.
Want to know how to turn your legacy system into value, click here to take the free assessment.