In the years to come digital transformation will remain a key focus. According to the IDC Worldwide semiannual digital transformation spending guide, worldwide digital transformation spending is expected to reach $1.97 trillion in 2022, steadily expanding with an annual growth rate of 16.7%.
Business executives recognize digital transformation as a long-term investment. IDC predicts that by 2020, 30% of G2000 companies will allocate 10% of their annual revenue to fuel digital strategies.
Digital transformation is described by Consulting Firm McKinsey as the process of taking corporate capabilities and transforming them into a platform of services. This platform thinking fuels the strategy and the mechanism that connect business ecosystems, enabling them to rapidly build and implement digital solutions and deliver new services.
According to the McKinsey ‘digital transformations’ report, process will lead digital transformation. As organizations’ digital ambitions are rapidly growing, it becomes crucial to control and improve all digital processes that support their customer’s journey as well as leveraging data and obtain greater agility in adopting new technologies.
Companies refusing to change risk falling behind and will be caught up by digital-native challengers. Companies that fail to bridge the gap between legacy systems and modern technologies will have trouble embracing this digital transformation, which will significantly hinder their growth.
In the McKinsey report, the surveyed decision-makers say that integrating legacy systems with modern technology such as SaaS applications without disruption presents significant challenges. Another reason to seriously consider legacy modernization.
Better geared for the future after legacy modernization
Asysco customers that have gone through a successful legacy modernization project claim to be more agile and better geared for the future.
“Asysco first helped us transform our legacy off the mainframe and now they help us to move to the Cloud. They are a committed and knowledgeable business partner that helps us achieve our goals”.
Enrique Rozo, IT Director
“The migration provided us more direct access to our data, so we can begin to look at how do we do things now in this system with access to data in ways that we never could before. In addition, we can now automate processes that we could not automate before.”
Nathan Bignall, Program Manager, Modern Woodmen of America.
“Not only did we lower our operational cost with 70% due to this legacy migration, but we also significantly increased our capabilities to innovate.”
Sander Nienkemper, IT Manager, VIVAT.