Why Now Is The Time For Modernising Your Legacy Systems In Leeds Did you know that approximately 70% of global business transactions are still processed by systems built in the 1980s and 1990s? If you’re operating a business in Leeds, chances are your legacy systems fall into this category. You might be witnessing the drawbacks…
Legacy System Modernisation: Breathing New Life Into Leeds’ It Infrastructure Legacy, long-standing, and often lumbering – that’s how you might describe Leeds’ existing IT infrastructure. But what if we could breathe new life into it? Reinvigorate the old with the power of modern technology? Imagine significantly improved user experiences for both residents and businesses –…
Traditionally, many businesses around the world have relied on legacy systems to manage their operations. These systems, often held together by patchwork updates and integrations, proved sufficient for their time, but today’s rapidly evolving digital landscape and increasingly complex business operations are rendering them more of a hindrance than a help. This is where the concept of Information Technology (IT) modernisation comes into play.
IT modernisation, at its most fundamental, refers to the process of updating and upgrading an organisation’s systems and software to enhance efficiency, reduce vulnerabilities and foster growth. It’s not just about replacing old computers and servers, it’s about a sweeping transformation which includes migrating to cloud platforms, updating network infrastructure, implementing automation, leveraging big data, and utilising Artificial Intelligence and Machine Learning algorithms.
From a business standpoint, the shift to IT modernisation is a prudent strategic move. According to a 2020 study by Deloitte, companies that aggressively pursue IT modernisation are 3 times more likely to be ‘future-ready’ compared to those who remain indifferent. They not only gain a competitive advantage, but also achieve an average cost savings of 14% on spending related to maintaining legacy systems – an interesting statistic that better underscores the value of contemporary IT.
As the digital revolution advances full steam ahead, modernisation in IT is becoming less of an option, and more of an imperative. This is evidenced by the noticeable spike in businesses investing in bespoke software solutions. As per a recent study by Gartner, worldwide spending on enterprise software jumped to approximately $466 billion in 2020, 7.2% higher than the previous year. Such customised applications have been crucial for both, operational transformation and for startups and businesses seeking to carve out their unique footprint in a saturated market.
While the surge in bespoke software, app, and web development is noteworthy, IT modernisation is still a complex realm filled with challenges. Resistance to change, limited in-house expertise, fragmented data architecture, and security concerns are just some of the hurdles businesses must overcome. Yet, the overwhelming consensus is that the benefits far outweigh these challenges.
These fascinating facets and many more, form the discourse on IT modernisation, a subject we constantly unravel through our blog at Me-too.net. We invite you to take a deeper look into our conversations, thoughts, and insights on this and other relevant topics on our blog.
For a more extensive exploration or if you wish to discuss the tenets of IT modernisation specifically, we recommend visiting our dedicated IT Modernisation blog category.
Lastly, if you have any questions or if there’s an aspect of this vast subject you would like us to delve into, please don’t hesitate to get in touch with us. At Me-too.net, we’re always eager to converse, collaborate, and contribute towards propelling businesses into the digital future.