Application transformation market is growing with cloud and big data technologies, which has raised up the transformation process to the very next level. The enterprises attempt in achieving a competitive edge, which helps in achieving the application transformation process. This application needs to be updated constantly with new technologies and progress the return on investment (ROI), which involves an agile methodology and also a scientific approach for removing the key risks and challenges involved in the legacy applications.
What is application transformation?
The application transformation process includes everything ranging from minimizing the number of applications within the organization to shifting the applications directly into the cloud just to confirm that these apps meet the updated compliance and government necessities. This transformation process generates the application portfolio and management program. Application transformation involves products and further assist with IT departments to handle the increased use of social media and mobile computing in these enterprises.
Application transformation is a method that provides three important steps including replatforming, organization transformation, and modernization. Replatforming simply means moving a small set of existing applications to a new platform. Also, throughout modernization, the level of cloud maturity in a replatformed application that increases even though larger and complex applications are also modified. Lastly, organization transformation reconfigures the organizations by refining small, stable teams, which provides software products from ideas to production.
Why there is a need for application transformation?
A rapid increase in customer demands is further forcing companies to innovate at a good speed. Nevertheless, the major developers work using legacy applications that are based on an outdated platform and has antiquated tools. Apart from this, moving to the cloud is obstructed by a complex application portfolio that is combined and sparsely documented. Due to these factors, organizations are impeded by manual, monotonous processes mainly made to reduce the risk and maintain the compliance. Consequently, software releases have become infrequent and time-consuming. In such scenarios, application transformation helps organizations to sail through the journey to the cloud, filling confidence into each step of the journey. The technology works in changing the legacy portfolio to cloud-native which also minimizes the time, cost, and operational inefficiencies with maintaining security, resilience, and compliance.
Benefits of using application transformation
Custom applications provide major advantages above out-of-the-box solutions particularly when it is about application transformation and business process management. Customer satisfaction is a primary concern, however, improving efficiency is the most important initiative towards application transformation. Organizations are moving away from manual interferences, as efficiency is an important aspect.
With the removal of the manual process with electronic versions, there are quick process flows which are being introduced. This makes the organization efficiency model a success story to believe. Improvement in customer satisfaction levels intensifies the application transformation success rate for enterprises. The more the profit, the better it would be for the motivation of the employees, and further, it strengthens the trust of the customers with the brand. With an increase in profit, better decisions are made in improving the efficacy of the business processes. This gears up towards building better customer services.
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How industries are implementing application transformation?
- Retail industry
Retailers implement innovative technologies in order to increase their presence and visibility in the industry. The retail industry is experiencing a massive transformation. Retailers are updated with their brick-and-mortar stores which also provides better services to its customers. However, there are numerous retail stores that are using the online path just to increase their revenue. Retailers have also adopted novel and advanced technologies, like huge data analytics, cloud computing, digital stores, and social networks, just to upsurge their presence and visibility worldwide.
Manufacturing industries are constantly under pressure for increasing their output and further improvising the quality, with a minimum cost. To compete, these organizations are aiming to grow their global presence and move rapidly. It is most important to cope up with the increasing expectations of its customers and also the stakeholders. This is the commencement of new measures with the aim of becoming more responsible, economical and also cost-sensitive.
Governments have started acquiring new technologies and improving their legacy applications by transforming them into open-source middleware platforms and new atmospheres. As the legacy applications power is considered the core for government services from the case management and eligibility systems to permit the license, and home security, all of these are the reasons that compel organizations to increase the technical debt. Government IT teams are well aware that purpose-built applications are complex to amend and thus the traditional software development upsurges the delivery cycle.
The application transformation market has experienced growth due to a wide range of factors. Some of the major factors that influence in the boosting involves continuously updating with innovative technologies and enhancing the ROI, which is bounded with a scientific approach and agile methodology in minimizing the key challenges and other risks involved in the latest legacy applications. Multicloud is a fairly new concept for the cloud conversation and this movement has a major significance, no matter which workloads are being run in which cloud. The experience for IT and those that are utilizing the applications need to be seamless, secure and streamlined. Furthermore, the Global Application Transformation Market is expected to grow at a market growth of CAGR 12.3% over the coming years.