Our thoughts on the future of digital innovation and the cloud.
This is the second post in a series of seven about Application Modernization. In today’s post, we will discuss what the risks are that you should consider when modernizing your application environment.
While there are many benefits to application modernization, there are also some risks that companies should be aware of before embarking on a modernization project. Here are a few potential risks to consider:
- Disruption to Business Processes: Application modernization can be a complex and time-consuming process. During the modernization process, there is a risk that business processes may be disrupted, leading to downtime and lost productivity. Companies should carefully plan the modernization process to minimize disruptions and ensure that essential business processes continue to operate smoothly.
- Integration Issues: Modernized applications must integrate with other existing systems, databases, and technologies. Integration issues can arise if the modernized application does not interact correctly with other systems, leading to data inconsistencies or errors. Companies should ensure that modernized applications integrate seamlessly with existing systems to avoid these issues.
- Compatibility Challenges: Modernization can involve moving from legacy systems to newer technologies, which can lead to compatibility challenges. Modernized applications may not be compatible with older hardware, operating systems, or software versions, leading to performance issues or functional limitations. Companies should carefully evaluate the compatibility requirements before beginning the modernization process.
- Cost Overruns: Application modernization can be costly, and there is a risk of cost overruns if the project is not adequately planned and budgeted. Companies should carefully evaluate the cost of modernization and develop a realistic budget and timeline for the project.
- Security Risks: Modernized applications may be vulnerable to new security risks that did not exist with the legacy application. As modernized applications typically involve new code and new technologies, there is a risk of security vulnerabilities being introduced. Companies should ensure that security is a top priority throughout the modernization process and conduct thorough security testing before deploying the modernized application.
- Skills Mismatch: Although modernizing is a great goal for any organization looking to maintain a competitive edge, there may be a real problem looming that companies also have to prepare for. A company’s existing technology staff may not have the skills required to develop and maintain modern or cloud native applications. This can pose a real problem in terms of the time it will take to modernize because an investment in training needs to be done before the heavy lifting can begin. A potential solution to this problem is to work with a skilled partner that can work alongside the internal technical team so that they learn along the way.
In conclusion, application modernization can be a complex process that involves some potential risks. Companies should carefully evaluate the risks and benefits of modernization and develop a comprehensive plan that addresses any potential issues. By doing so, companies can minimize risks and maximize the benefits of modernization.
Invero is here to help manage these risks for you as you embark on your application modernization journey. Through years of experience developing cloud native applications, refactoring and replatforming legacy applications, Invero has a track record of knowing how to navigate the risks and deliver a modernized application for its clients in a secure and cost effective manner.
Contact us today to learn more about our Application Modernization services.
- Application Modernization Assessment
- Proof of Concept Development
- Full Application Modernization
