KMS Team

KMS Team

Results from Our Application Transformation Survey

 

From the responses of 150+ industry leaders across the independent software vendor sector, your peers identified their viewpoints and experiences on application transformation (also known as platform modernization or legacy modernization) initiatives. When updating your legacy platform, there are some factors to consider.

Is your company ready to undergo application transformation?

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Tops Factors to Consider for Application Transformation

Why modernize legacy applications? 73% of software companies have undertaken an application transformation initiative in the last year. The key reasons participants wanted to undergo platform modernization were competitive advantage (69%), minimize maintenance costs (58%), improve customer usage (55%), technology limitations (54%). Benefits achieved were retention and market expansion (69%), lowered costs and improved efficiency (57%), Streamlined software maintenance (49%), reduced downtime (35%), faster time to market (35%). Application transformation took less than 1 year for 17%, 1 to 2 years for 50%, and more than 2 years for 28%. 72% modernized with an incremental strategy, 25% modernized in a single launch. 39% spend $500,000 to $1 million, 35% spent $1-3 Million, 7% spent $3 Million. Challenges to legacy modernization were budget acquisition (57%), developing the right skills (57%), used a 3rd party organization (54%), executive buy-in (47%). KMS has supported over 14 application transformation initiatives.

Platform Modernization in Action: Executive Summary on Application Transformation

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Independent software vendors (ISV) are at a technology crossroads. To remain competitive, they need to leverage newly available technologies that allow them to rapidly release products to market and introduce new features.

At the same time, they are focused on reducing costs, accelerating development cycles and driving revenue. 

This leaves ISVs facing a difficult choice between continuing to maintain a legacy platform with its limitations intact or taking full advantage of cloud services by embracing a large-scale platform modernization project. 

Need help choosing the right cloud provider? We’ve got you covered with our post, What to Look for in a Cloud Provider

Application transformation or platform modernization is the process of re-coding a software product from the ground up. Usually, this involves rewriting the code in order to leverage new technologies, improve integrations and update the user interface, all while taking advantage of modern infrastructure.

The end goal is to rework legacy platforms to align with the ISVs evolving business model while integrating the latest features and functionality. 

Achieving this hinges on knowing what works and what doesn’t. KMS Technology has surveyed 150+ ISV industry leaders to gauge the ways they approach application transformation.

Looking for more information? Check out this article on Selecting the Best Path for Application Modernization. 

We would love to partner with you on your application transformation project. 

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