Like other companies, yours is probably invested in the future in a number of different ways. No doubt, the majority of these investments have to do with the technology your company relies on. However, if you’re not allocating enough resources toward legacy modernization, the sad truth is that all your efforts will be for nothing.
Legacy modernization is the act of essentially updating mission critical software to ensure that it’s able to continue working at pace with contemporary applications. As time goes on, eventually all software becomes irrelevant. The entire digital architecture your company is built on will one day no longer function well enough to keep your business competitive. At that point, you need to start enacting legacy modernization in order to assure that your company can continue on hitting its targets.
But, it’s more than just addressing software issues once they occur. Remember that a lot of times modernization deals with the mission critical applications. If a company waits until they start losing traction because their mission critical software has become obsolete, they might find themselves in a rut they can’t get back out of.
The solution is to begin investing in modernization today, long before there’s a problem. One of your CIO’s main functions, though, should be keeping a wary eye for possible issues as they arise. To do this effectively, it makes sense to run audits of all mission critical software. You can even pay a third party to come in and run those audits for you. When complete, they can tell you where your company is vulnerable and thus where it makes the most sense to start applying modernization efforts.
To better help put this challenge into perspective, it may help to understand that sometimes modernization can take years to conduct. That’s why you have to get a jump on it now. Ideally, you’ll be able to get through an entire overhaul before the software you’re addressing is no longer capable of doing its job.
Fortunately, you can find many workarounds these days too. If some of your software is obsolete because it doesn’t offer mobile functionality, you can find third-party solutions that will address this and leave it updated. But again, this will only help if you’re actively searching for the problem and able to find it before it becomes a much bigger one.
So although your company is probably invested in plenty at the moment, be sure to add legacy modernization to the list. Otherwise, all your other efforts won’t amount to much.