We’re excited to hear that IT budgets are rising in comparison to prior years. According to Computerworld’s annual IT forecast survey, 43 percent of IT execs expect their budgets to increase—an improvement from the 36 percent who said the same in last year’s study.
Now is the time when business leaders are working with IT to calculate costs and spending for the year ahead. If you’ve found you have some wiggle room in next year’s IT budget and you still maintain legacy systems or applications, allocating that money toward legacy modernization could be your best bet. In fact, “application development, upgrades and replacement” was listed as one of the top five areas where respondents plan to increase their IT spending over the next 12 months, according to the survey. It makes sense, given that the other areas listed—business analytics, cloud computing, wireless/mobile, security technologies—require legacy modernization to see success. So, here are just two reasons why you should consider opening up your corporate wallet next year for legacy modernization if you haven’t already:
- Enhance information exchange/enterprise collaboration: Every company strives to improve internal communication and collaboration, so it’s no surprise IT budgets are expanding to support this. The only bad news is that siloed legacy systems have no way of sustaining an advanced method of information exchange, making legacy modernization a must.
- Boost business intelligence and analytics: Today, so much data is coming in from customers across so many channels. Business intelligence enables companies to grab a hold of this information and leverage it to make more informed decisions about customer relations and internal business processes, allowing them to improve overall efficiency, identify new areas of opportunity and recognize challenges or pain points before they make an impact. But, unfortunately, outdated legacy systems usually can’t sustain a successful business intelligence strategy.
In today’s sensitive economy, you can’t afford to spend your company’s hard-earned dollars on technology projects or developments that won’t count in the long term. We would love to talk more with you and help you determine if legacy modernization is the right move for your company in 2015. Click here to connect with our team of experts today!