Businesses Need To Invest In Application Portfolio Analysis If They Want To Future Proof Their Legacy Systems
Published Thursday, November 1, 2018 3:00 PM by Tim Jones, Managing Director, Application Modernisation
Back in 2015, we published an article about the importance of using application portfolio analysis to future proof legacy systems. This topic is becoming ever more important as development teams in particular are finding it harder to keep up with the pace of business needs as they have fewer resources and are losing tribal knowledge. As this challenge is growing, we thought it would be a good time to revisit the topic.
Many organisations including banks and financial services firms, retailers and government are grappling with legacy solutions that are outdated and expensive to maintain due to poor system design, quick fixes and changing compliance standards.
Managing systems and data to support business planning and analysis, ongoing IT maintenance and modernisation is a continuous and time-consuming process. Analysts estimate that 30 per cent to 50 per cent of IT budgets are spent on Application Development and Maintenance (ADM). However, only 56 per cent of ADM projects are completed on time, with as little as 27 per cent considered a complete success.
To reduce the financial burden, many are considering moving their solutions to the Cloud but are restricted due to incomplete documentation for their existing application in order to chart a new strategic direction.
Legacy applications, such as OpenVMS, VME and IBM mainframes, are typically very complex and have been developed over 30 years ago. As well as presenting heightened security flaws, invariably the first generations of developers have moved on which leaves firms increasingly vulnerable.
Whether organisations decide to remain on legacy systems, or seek to move the functionality to the Cloud, it is critical that they improve their understanding of these applications to enable them to effectively analyse, maintain and enhance their current systems to evaluate the inherent risks within their existing portfolio.
Integrated Application Portfolio Management (IAPM) solutions, such as our Application Analyser, provide comprehensive metrics to determine the state of an organisation's current IT investment and perform gap analysis to more easily predict future requirements and the potential impact of change. The robust solution creates a searchable database of information relating to all legacy applications, boosting development and modernisation planning productivity by up to 40 per cent through automating manual processes.
IAPM systems also assist developers to better understand language, source code and data structures, in addition to the relationships between connected technologies and platforms used to deliver applications. By creating a complete inventory and relationship map of every application element within their portfolio, organisations can regain control of their core business processes through improved knowledge.
IAPM solutions cut IT project costs by 25 per cent or more while significantly improving operational efficiency. By gaining increased visibility and understanding of their application portfolio at any time, organisations can transition to solutions that can be more easily supported by new IT staff and address potential security vulnerabilities that threaten their future existence.
Join us for our webinar on Wednesday 28 November 2018 where we will be discussing how you can ‘Rethink, adapt and increase your application management effectiveness’. The webinar will provide the opportunity for you to see a live demo of Application Analyser and will discuss how it can help improve productivity. Register now.