Legacy Modernization Benefits: From Quick Wins to Strategic Evolution
Legacy Modernization Benefits: From Quick Wins to Strategic Evolution by Maria DiCesare
If you want to digitally transform your business, you’ll have to modernize your legacy systems. These old workhorses may have served your company well when it was at an earlier stage of digital maturity, but now they’re creating administrative burdens and outright barriers to digitalization.
It’s also worth considering the competitive advantages that updating legacy systems can bring in terms of agility and growth. While some legacy modernization benefits, such as increased productivity and cost savings, will likely be immediately apparent, there are less obvious benefits that can advance your business in profound ways over the long term.
Immediate benefits of modernizing legacy systems
When you modernize a legacy system — for example, by automating processes from end to end with low-code — you’ll be rewarded with several immediate benefits. Business applications that once refused to talk to one another will be able to share data seamlessly, saving your employees time and increasing productivity. When these systems integrate with one another, they can generate meaningful insights that would have otherwise remained firmly out of reach.
Cost savings are another key benefit, as maintaining your modernized systems will likely be less expensive in terms of both financial resources and IT staff time. This can enable greater budget flexibility and free up internal talent that you can invest in more innovative, forward-thinking initiatives of strategic value.
Modernizing legacy systems also reduces IT complexity, bringing order to chaos and streamlining the processes that keep your technology infrastructure operating at peak performance. As a result, your mission-critical systems will likely be more reliable and experience less downtime. You’ll also appreciate the added agility that comes with modernizing legacy systems when you’re suddenly able to optimize business processes that once required additional steps or greater user interaction. Modernized systems also support a more data-driven approach, allowing you to make better strategic decisions and improvements in less time.
Related Reading: Why the Cost of Maintaining Legacy Systems Only Grows Over Time
Transformational, long-term legacy modernization benefits
Other legacy modernization benefits that might be less obvious at first could actually prove to be more transformational in the long run. Once you’ve made the necessary updates and gotten up to speed, you’ll notice that you have room to flourish in new and exciting ways.
When your employees are no longer behind the eight ball, stuck in the unenviable position of having to compensate for legacy systems that refuse to integrate with other applications or enable digital transformation, they will be more productive and satisfied with their jobs. Happier employees tend to deliver better customer service and contribute innovative ideas that lead to future success. Satisfied employees and modernized systems can also put your organization in a better position to recruit additional talented employees who can drive even more impressive business growth.
Your IT team will no longer be in a reactive stance, desperately focused on keeping unintegrated systems operating. They’ll have the freedom to pursue more forward-thinking technology enhancements that put your organization at the leading edge, instead of maintaining systems that trail behind those of the competition. As a result, your organization will be more capable of continuously transforming and keeping pace with rapid shifts in the marketplace.
Over the long term, these legacy modernization benefits can even change how your organization views itself and its potential. A company that’s bogged down by inflexible legacy systems may not believe it’s capable of achieving bold innovation or claiming a commanding leadership role in the market. Its employees might also feel that they aren’t able to make a meaningful impact in their jobs or at their workplace, which could lead them to contribute less than they would like. Companies that modernize their legacy systems, on the other hand, can help their employees maintain a growth-oriented mindset that encourages improvement and innovation.
Discover the benefits of legacy modernization
When one asks, “Why modernize legacy systems?” a few answers probably come to mind right away, such as increasing productivity, unlocking cost savings, and ensuring more reliable IT performance. Those benefits are all compelling, but it’s also worth considering what your company and its employees will be able to achieve when you’re not stuck in a reactive posture, always rushing to put out the next fire.
What kind of company will you become when you’re finally able to adapt and innovate at the speed and scale that the next evolution of business requires? Legacy modernization enables you to answer this far richer question, empowering your organization to operate with greater efficiency and advance in new strategic directions.