The (Not So) Hidden Costs Of Delaying Application Modernization
Solutions Review, Friday, May 12,2023
May 19, 2023,
Volume 302, Issue 3
CIOs are scrutinizing IT budgets closely as economic volatility increases. While application modernization is cited by 87 percent of IT, security, and executive leaders as critical to digital transformation success, 42 percent are experiencing budget constraints to fund such initiatives.
However, if organizations wait to modernize, problems will grow exponentially. An independent survey commissioned by EvolveWare found that 51 percent of organizations already have faced or anticipate critical issues with systems that have not been modernized. It's a situation that the Federal Aviation Administration (FAA) and Southwest Airlines experienced not too long ago.
The FAA's legacy air traffic safety system failed on January 11, 2023, because of a corrupt file, bringing down both primary and backup systems. This error resulted in the cancellation of 9,000 flights that day. Similarly, Southwest Airlines' legacy point-to-point system that planned the placement of resources for its flights could not keep pace in re-assigning planes and staff to routes that were facing delays and cancellations due to bad weather.
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The (Not So) Hidden Costs Of Delaying Application Modernization
(this article)