How Does Application Modernization Transform Your Business?

Sayantani Bhattacharya | December 13, 2021 | 118 views

Application Modernization
Business transformation is the key to success in the present competitive world. Moreover, the global economic unrest post-Covid-19 has flared the urgency to stay ahead in the market. In the current digital transformation wave, the one who can adapt to the rapid, unprecedented changes and scale simultaneously will eventually win the race. Adopting cloud computing is one of the critical ways to attain transformation. There are two ways of adopting the cloud platform- cloud migration or application modernization.

Either you can completely move the workloads, data, and other applications from an on-premise server to the cloud server or modernize the infrastructure, internal architecture, and features of existing legacy applications to make them cloud-ready.

This article explains how application modernization accelerates digital transformation.

Application Modernization: A Synopsis

According to Markets and Markets, the global application modernization market size will grow at a CAGR of 16.8% from USD 11.4 billion in 2020 to USD 24.8 billion by 2025. The primary factors that drive the market's growth are the rising focus on transforming legacy systems and the demand for advanced infrastructure to ensure business continuity. Application modernization is one of the primary ways to attain cloud-first digital transformation. It helps determine effective output value from an existing legacy application while enhancing the platform with advanced features and proficiencies.

However, before your company starts the modernization journey, it's crucial to evaluate whether the process is fruitful for your business. Further, knowing the limitations also helps optimally plan the modernization process and implement the best ways to modernize the applications.

Why Should Companies Consider App Modernization?

The urge for digital transformation to stay aligned with the rapid market changes makes it mandatory for business leaders to discover effective methods for modernizing legacy applications.

For several organizations, legacy systems hold back the business initiatives and processes that rely on them.”

Stefan Van Der Zijden, VP Analyst, Gartner
 
Application modernization enables an organization to control its expenses and enhance its digital footprint. Further, it helps to use modern infrastructure, features, languages, and other technologies. However, there can be several reasons justifying the need for the application modernization strategy of an organization. Here is a list of the five most important reasons your company needs app modernization.
 
• Accelerates Digital Transformation: One of the key ways to achieve digital transformation is by modernizing your legacy apps. It is crucial to initiate legacy application migration after evaluating them and finding the best strategy to make them cloud-ready.

• Future-Ready Applications: The following primary reason is digitally empowering your applications to leverage the benefits of advanced technology. Cloud app modernization helps you stay aligned with the changing market dynamics and enhance the overall performance and efficiency of the applications.

• Control Cost: Modernizing application impacts your organizations’ investment plans in the long run. Legacy applications require frequent maintenance and upgrades, which affects the productivity and overall performance of the system.

• Improves Business Opportunity: Modernizing your applications will enhance the reach and scope of your business. It enhances business processes and makes optimum utilization of your resources which, boosts revenue growth, reduces investments and, increases profit margin and ROI.

• Scalability: One of the critical challenges of legacy applications and infrastructure is the capacity to accommodate the demand and scale accordingly. As a result, it hampers the stability of an organization. If you plan to modernize your applications by moving them to the cloud, it is ideal as cloud app modernization guarantees improved scalability, mobility, and accessibility.

• Workforce Engagement: When your employees get a better user experience, it improves their productivity, brings innovations in operations, ensures quality output, and improves efficiency.

• Customer Experience: For every business, the customer is king! So, customer experience is critical to having a market presence. Modernized applications improve the customer experience by enabling new processes and upgrading services. As a result, businesses gain increased customer retention and more revenue through robust sales strategies.


Major Risk Factors That You Can’t Ignore

What is the biggest challenge faced by organizations attempting to initiate application modernization for their platform? The rapid enhancement caused by the multiple cloud and mobile technologies makes it difficult for IT leaders and programmers to pace up to the updates. As a result, it is vital to know your major risk factors before initiating the process. These factors might hinder companies from beginning the modernization process. As a result, most organizations continue to use legacy applications.

Here are some of the listed challenges while carrying out a legacy app modernization process.

Identifying the applications those you want to modernize is a tedious and cumbersome process for organizations.
The collaboration of legacy & advanced systems
Undesired operational issues during peak productive time
Quality Assurance
Temporary performance hassle and time lags
The cost incurred and the bandwidth to implement the actual process.
Training and upskilling the workforce to work on the modern applications

One of organizations' primary challenges is ensuring that their modernized applications run smoothly on their upgraded platform. As an entrepreneur, you must ensure that your upgraded platform has compatible features with your existing system formats. At the same time, you also need to consider the investment aspect after evaluating the cost to the company.

Best Ways to Modernize Applications

According to Accenture, the cloud monitoring industry will grow by 22.7% between 2020 and 2022. Three primary approaches might help enterprises scale up their legacy infrastructure to a cloud-native platform.


Go Serverless

Serverless computing enables your organization to initiate a seamless movement of your operational workloads, reducing the dependencies on a physical server. According to Markets and Markets reports, the serverless cloud computing market will rise by a 22.7% CAGR from 2021 to 2025. With serverless cloud computing technology, there is no need to have an infrastructure to build and run applications for businesses.
Since the last decade, this trend has evolved and gained importance. Further, it will be more definite in investment, effort optimization, responsiveness, and enhanced efficiency. As a result, you can develop and run applications more effectively without worrying about infrastructure management tasks. Additionally, going serverless allows leniency to scale and accommodate demand variations.


Consider Containerization

The containers in cloud computing allow grouping the applications and all their components into a single, actionable and portable suite. The leading providers of containerization are Amazon Web Services (AWS), Azure, and Google, which offer orchestration tools and container services for creating and deploying containers. According to Forrester's 2020 Container Adoption Survey, almost 65% of business owners are either using or are affirmatively considering about using containers as part of their IT transformation approach. Containerization enhances the reliability and agility of the applications shifted between the computation platforms. In addition, it decreases the overhead costs, ensures operational consistency, and improves the efficiency of the applications.

Make Your Platform Cloud-Native

To make the business environment cloud-native, you need to implement the re-platforming approach that requires migrating applications to the cloud in their original form from the legacy infrastructure to the cloud, while modernizing some of the applications and enhancing their features to take benefit of the cloud. Common alterations and upgrades include improving how applications fetch information from the back-end database. You can automate this process in the cloud environment to ensure efficient data utilization and operational efficiency. 

How Did IBM Help Coca-Cola European Partners (CCEP) to Modernize their IT Platform?

A recent IBM Institute for Business Value study reveals that 62% of executives surveyed are about to pace up their digital transformation and cloud adoption plan over the next two years. As a result, the need to modernize complex legacy applications and workloads arises.

Coca-Cola European Partners (CCEP), the world’s largest Coca-Cola bottler, has collaborated with IBM to accelerate its digital transformation journey, improve operational efficiency, and utilize organizational data effectively. As a result, IBM shifted one-third of CCEP’s enterprise workloads from the legacy data center to IBM Cloud.

CCEP could witness strategic progression towards cloud-first digital transformation through IBM’s hybrid cloud architecture with Red Hat OpenShift. It helped CCEP modernize its IT environment. Further, IBM’s Multi-Cloud Management capability helped integrate and manage the legacy systems, private and public clouds, from a single dashboard.

The collaboration with IBM has helped CCEP begin a journey towards an open and secure cloud architecture driving a massive digital footprint.


Summing it Up

Application modernization is one integral method to move your organization towards digital transformation when the need for automation widens across business and IT operations. However, to achieve a successful automation strategy across the organization, your business should begin with some small and successful projects. Further, you can optimize and scale the activity for other processes and in other verticals of your organization.

“At least 40% of all businesses will die in the next ten years if they don’t figure out how to modify their entire business to accommodate new technologies.”  

John Chambers, former executive chairman, and CEO, Cisco


Frequently Asked Questions


What is App Modernization in the cloud?

Application modernization is enhancing legacy software with the latest computing methods that comprise advanced languages, frameworks, and infrastructure. As a result, the application takes full advantage of the unique platform, including efficiency, security, agility, and structural integrity.

What are the Benefits of Application Modernization?

Application modernization enhances an organization's digital footprint by regulating its investments and leveraging modern infrastructure, features, languages, and other technologies. Further, it improves the opportunities for the new business avenue by providing scalable solutions, effective workforce management, and efficient customer engagement. 

What is AWS Cloud Modernization?

AWS application modernization plans entirely depend on your business requirements. You can either lift and shift, refactor or completely re-platform your applications, and make them ideal software for your organization. Further, modernizing your applications with AWS allows you to reduce costs, enhance efficiencies and optimize ROI.


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Snyk | July 27, 2022

Snyk, the leader in developer security, today unveiled Snyk Cloud, announcing the launch of the industry's first comprehensive Cloud Security Solution designed by and for developers. This latest development was made possible by the acquisition of Fugue earlier this year. Thoughtfully designed with global DevSecOps teams in mind, Snyk’s Cloud Security solution unites and extends existing products Snyk Infrastructure as Code and Snyk Container with Fugue’s leading cloud security posture management (CSPM) capabilities. These elements are now powerfully combined to realize a fully featured cloud security solution that allows today’s modern developers to continue their rapid pace of innovation securely. The Snyk Cloud product extends the company’s existing Developer Security Platform in a significant way, allowing more companies to embrace DevSecOps and spark further effective collaboration between their developer, operations, security and compliance teams. Instead of grappling to patch together multiple, incompatible cloud and application security solutions, ultimately leading to a fragmented view of application security in the cloud, global developers now have the ability to take full ownership of their infrastructure. At the same time, their security counterparts can define and operate a consistent cloud security posture across the entire software development lifecycle (SDLC). With the digital era’s ever rising need for innovation speed, siloed application and cloud security tools that focus on detecting issues after deployment are too slow and risky, creating growing tension between developer and security teams. With the addition of Snyk Cloud, Snyk customers will now be the first to benefit from a unified platform and policy engine that equips them to create secure deployments via an unmatched feedback loop – from code to cloud and back to code – securing their cloud before deployment and maintaining its secure integrity while running as well as then assessing and prioritizing the precise places to provide fixes back in the code. In fact, over the past year, Snyk customers have reported that they improve their security risk posture by more than 60% by reducing the time it takes to find and fix vulnerabilities. “Snyk’s developer-first approach disrupted the application security industry and we’re now aiming to apply many of those lessons learned to the fastest growing segment of cybersecurity today: cloud security, Predicted to be worth $77.5 billion by 20261, this is an area ripe for change. Today’s news represents another important milestone for the developer security movement, and we look forward to the industry’s response to our vision of uniting AppSec and CloudSec teams to secure today’s apps more efficiently.” Peter McKay, CEO, Snyk “Our global customers have witnessed firsthand how previous cybersecurity tenets have evolved profoundly, with cloud infrastructure now changing just as fast as the apps themselves. They’re eager for one comprehensive solution that provides a truly complete cloud picture, driving DevSecOps by enhancing developer productivity securely,” said Adi Sharabani, CTO, Snyk. “We’re incredibly proud to reveal this industry gamechanger, Snyk Cloud, the first developer security product designed for the cloud era in order to address every important stage of a modern app’s life today from development through to production.” Now Powered by Snyk: The Cloud Security Podcast In timing with AWS re:Inforce, Snyk has introduced two exciting new cloud security hires, Ashish Rajan and Shilpi Bhattacharjee, founders of the Cloud Security Podcast, which is now officially powered by Snyk. In their new roles, Ashish will be Snyk’s first Cloud Security Advocate, while Shilpi will continue to serve as Lead Program Manager for the Cloud Security Podcast. As with the Secure Developer Podcast and DevSecCon, Snyk is committed to continuing to build these global communities that foster education, thought leadership and promote secure development. Please visit here to read more about what’s ahead for Ashish, Shilpi and the incredible cloud security community that they have fostered over the last several years. Snyk is a Diamond sponsor at AWS re:Inforce, a learning conference focused on security, compliance, identity and privacy taking place in Boston, July 26-27, 2022. Snyk Cloud is currently available on a limited basis with general availability planned in the Fall 2022. To see Snyk Cloud in action, visit the company’s booth (#408) or sign up for a demo here. About Snyk Snyk is the leader in developer security. We empower the world’s developers to build secure applications and equip security teams to meet the demands of the digital world. Our developer-first approach ensures organizations can secure all of the critical components of their applications from code to cloud, leading to increased developer productivity, revenue growth, customer satisfaction, cost savings and an overall improved security posture. Snyk’s Developer Security Platform automatically integrates with a developer’s workflow and is purpose-built for security teams to collaborate with their development teams. Snyk is used by 2,000+ customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce.

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CLOUD SECURITY

Wolters Kluwer cloud-based global expert solution named a global leader in cloud computing

Wolters Kluwer | September 30, 2022

Wolters Kluwer Tax & Accounting announced that its innovative TeamMate+ suite of cloud-based expert audit solutions was recognized by the Business Intelligence Group as a global leader in cloud computing and awarded the 2022 Stratus Awards for Cloud Computing in their annual business award program. TeamMate+ was recognized as a global leader in the Software as a Service category. Through these awards, the Business Intelligence Group sought to identify the companies, products and people that are offering unique solutions and technology that will continue to lead the industry. “We are honored to be recognized by the Business Intelligence Group for our part in the evolution of cloud solutions for the internal audit profession, TeamMate continues to help organizations redefine their risk assessment methodology to ensure they stay ahead of risk while optimizing human resources and adhering to professional standards.” Frans Klaassen, Senior Vice President & General Manager, Wolters Kluwer TeamMate TeamMate+ supports all phases of audit work, from overarching audit plans aligned with organizational objectives to individual project planning, which guides day-to-day work. It enhances workflow using request and tracking features to ensure appropriate data is provided and captured within the tool during audit execution. And provides reporting capabilities that allow audit teams to craft output appropriate to various audiences including audit management and stakeholders. In addition, the TeamCloud hosting provides a secure and stable environment to access a customizable TeamMate environment from the web. Earlier this year, TeamMate achieved authorization status from the Federal Risk and Authorization Management Program (FedRAMP) for the TeamMate+ FedRAMP cloud hosting environment. Achieving authorization means that auditors within US Federal agencies can create, manage, and execute audits all while staying aligned with the Red and Yellow Book standards. “Wolters Kluwer is at the forefront of the cloud helping to drive practical innovations in the cloud,” said Maria Jimenez, Chief Nominations Officer of Business Intelligence Group. “The cloud is now part of the fabric of our society, and we are thrilled that our volunteer judges were able to help promote all of these innovative services, organizations and executives.” About Business Intelligence Group The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry and business award programs, business executives—those with experience and knowledgejudge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers. About Wolters Kluwer Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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