As technology evolves over time, we adapt every component of our businesses to new and innovative processes. In the age of automation, technology is constantly changing and updating to meet today’s needs to get ahead of the curve. However, for legacy systems and older software, IT modernization is not as automatic as we’d like.
Even as our society evolves, many enterprise businesses rely on critical processes from systems that are decades old. Legacy systems are hard to quit – and the idea of updating such a large component of the business is daunting. However, Enterprise businesses have a lot to gain from updating older software – and modernization is important in a number of ways. So, why should businesses take the plunge for software modernization?
1. Investing in your future systems
Upgrading, or modernizing, your legacy system may be an additional cost, but it’s well worth the expense as it will prove to have a positive effect on your bottom line in the future. No one wants to spend money if they don’t have to, but software modernization should be considered an investment in the efficiency (and profitability) of your business.
2. Modernize to maintain or gain a competitive advantage
When we operate in a market that thrives on innovation and that innovation gives companies a competitive advantage in the marketplace, why would enterprise businesses continue to operate using outdated systems?
Remaining competitive is like a cycle – it requires innovation, which requires up-to-date systems and technology, which then requires a great workforce. This great workforce – your employees – requires innovation. See where we’re going? Remaining competitive is a continuous cycle – and one that requires its core components to have the ability to operate seamlessly in this decade.
3. Proactivity can defeat future time spent having to be reactive
When outdated technology, such as an outdated legacy system, holds up progress in your business – productivity can stall…leading to wasted time and money. Whether in business or in life, we’ve all come across a situation where we wish we’d been proactive in getting something done. Any time you spend fixing something or finding a workaround is business and time you can’t get back. The prospect of an interruption in production can keep the department from pushing necessary updates to the forefront.
In fear of these productivity stalls, updates are continuously delayed and before you know it, the entire system is caput…leaving major teams and the entire business at a standstill. To those in denial, this scenario may seem farfetched and met with a “that won’t happen to us!” mentality, but situations like these do occur – and if you find your team and your business in this situation, you’ll wish you’d been proactive about bringing your business systems up to speed.
4. Gambling time, money and reputation with outdated security
Electronic security threats run rampant in the digital age. The threats increasing in frequency are ones that specifically target low-hanging fruit, like the outdated business systems. Legacy systems usually do not have security that is up-to-date and it can’t be fixed without a major overhaul.
Gambling with security in the age of technology is not ideal. Would you wait to protect your belongings until after someone has broken into your home? By that point, you’re taking security seriously, but the damage has already been done. That being said, a single major breach can cripple a company and leave them with a lot more cleanup.
In addition, enterprise businesses subject to media attention risk their reputation with customers, stakeholders, and the public when they move along without using software modernization to ensure their security is updated.
Software modernization seems like a challenging endeavor, but it’s key to keep your enterprise-level business relevant – and running – for the future. Don’t ignore updating your legacy system – because getting by isn’t enough. Ready to get started modernizing your business technology? Contact Simon Martinelli today.