Here are 3 effective application modernization strategies, challenges that most companies face & other crucial information for organizations. https://natifi.ai/3-crucial-application-modernization-strategies-for-enterprises/

1. 3 CRUCIAL APPLICATION
MODERNIZATION STRATEGIES
FOR ENTERPRISES
By- Natifi.ai

3. INTRODUCTION
 The pressure to offer cutting-edge products and
services has never been greater. Until recently, when
companies discussed digital transformation and
innovation, they were most likely referring to the
customer experience.
 With the rise of remote/hybrid work, the experiences
of both employees and partners have become equally
important in order to succeed in a decentralized
setting. Companies must break free from the
shackles of obsolete technology and procedures that
are holding them back in order to innovate and
flourish across these three digital
transformation objectives.

4.  How fast will this modernization happen?
 According to a recent report, most legacy
systems/tools/systems will be modernized by 2024, with
cloud services being leveraged by 65 percent of them to
enhance functionality or replace unproductive code.
 Delivering modern cloud apps is critical for boosting
business adaptability, agility, resilience, scalability, and
even opening up new opportunities. But, building these
apps might be incredibly difficult.
 Furthermore, firms are already devoting significant time
and money to handling the debt of their existing IT
investments, making the task of delivering these new
cloud apps much more challenging.

5. CHALLENGES OF APPLICATION
MODERNIZATION
 Let’s start from scratch: why is
delivering modern applications so difficult?
Unlike a few great software companies like
Netflix or Apple, most businesses confront
three obstacles to modernizing their products
and achieving software innovation:

6. 1. THE RIGHT TALENT IS HARD TO COME
BY
 According to recent research, there was a
1.4 million developer shortfall in 2021, which
is the equivalent of a 10% shortage when
compared to current numbers of full-time
developers, which is predicted to climb to
20% in the next couple of years.

7. 2. EXISTING SYSTEMS AND IT/TECH DEBT
 In a typical firm, 50 percent of applications are old, and
fewer than half of those have been integrated with
advanced development tools such as DevOps and
integrated development environments.
 To be clear, legacy systems aren’t just old computers
sitting on a shelf; they frequently fulfil mission-critical
functions. When you’re attempting to innovate, though,
and you need to integrate the old system too, say, access
data or build a new enterprise application/tool on top of
the existing one to streamline client/customer
business with you, challenges occur. It might be difficult
and costly to integrate with or build on top of outdated
systems.

8. 3. INNOVATION ROADMAPS & PROGRAMS
ARE NOT SET UP PROPERLY
 Initiatives (programs & platforms) that serve as
the framework for developing the culture, KPIs,
and essential toolsets to empower developers
are referred to as innovation programs.
 According to a leading report, despite the fact
that innovation platforms/programs are crucial
for keeping engineers motivated, 41% of
companies that claim to be on a digital
innovation mission lack them.

9. 3 EFFECTIVE APPLICATION
MODERNIZATION STRATEGIES
1. Having a robust software sourcing
strategy is a must!
2. Don’t just be a Software consumer. Build
Software yourself!
3.Starting from Scratch is so “Old School”

10. 1. HAVING A ROBUST SOFTWARE
SOURCING STRATEGY IS A MUST!
 Companies that provide business results with technology
(software) are highly likely to have a structured software sourcing
strategy, according to a prominent study.
 Such firms plan for the long term while defining their development
strategy, rather than focusing on solving a specific problem with a
single vendor.
 A well-thought-out sourcing strategy should be designed from a
variety of strategic views within the business, and it should
include the capacity to leverage current systems. It’s what
enables these pioneering companies to offer solutions in
days, weeks or months rather than years. This also
includes integration with legacy and existing systems, and to do
so swiftly, securely, and consistently.

11.  You must first ensure that your internal development
strategies are in line with your business strategy before looking
for the proper vendor partner while building your sourcing
strategy.
 The right partner should be able to provide you with the right
infrastructure that allows you to attain your strategic objectives as
well as a clear direction for how the framework (platform/tool) will
address other important requirements such as data storage,
privacy, security and governance, as well as integration with your
existing systems.
 But, above all, it must be about empowering developers,
stakeholders, and non-technical users with functionality
and a smooth development environment; it’s all about getting the
app they build into the hands of business users/ground
staff/technical users to deliver the right outcomes. As a result,
involve your application roadmap and critical use cases in these
discussions as early as feasible to receive the most impactful
results.

12. 2. DON’T JUST BE A SOFTWARE
CONSUMER. BUILD SOFTWARE
YOURSELF!
 What this means is that you shouldn’t simply consume
software and drown in bottlenecked processes. Instead,
leverage innovative platforms & solutions to build
software/applications/tools yourself!
 According to one study, up to a fifth of Fortune 500
businesses will become software
manufacturers/builders/producers by 2025 in order to
keep their reputation. However, every organization,
regardless of size, should develop software.
 To be a reliable and successful software producer, you
must aim towards software elegance – whether you have
the in-house expertise or need to outsource. To put it
another way, the goal is to produce value with little code
and less complication.

13.  This is where No code platforms come into the picture!
 No-code systems are still misinterpreted as being unsuitable for
serious developers. While this is true for those common and not-
so-effective no-code platforms, it is blatantly untrue for the
leading no-code offerings. No-code removes the majority of the
challenges (code) that developers confront while developing an
app or system.
 Developers don’t want to just sit around writing code for months
only to find that a specific line of code is malfunctioning. Finding
that error is like finding a needle in a hay stack and many times
fixing it will most likely cause other issues to pop up.
 But, with nocode, this isn’t the case!
 The intuitive visual development environment offered by no-code
platforms simplifies the entire development ecosystem for not just
developers but laymen and non-technical stakeholders!

14. 3.STARTING FROM SCRATCH IS SO “OLD
SCHOOL”
 Today, there’s no need to start from scratch when it
comes to building an application, software or a daily used
tool for your ground staff. Cloud markets make it simple to
find repeatable code. And when it comes to no-code you
don’t need to go to these marketplaces too. Everything
you need is provided on the platform itself!
 Why so much of resources and simplicity?
 It’s all about enabling developers with the tools,
procedures, and convenience of use that no-code
platforms provide. By investing in your staff and providing
them with better tools, you’re empowering your
development team and increasing their retention while
also boosting the quality of their work.

15. CONCLUSION
 Natifi is a cutting-edge Ai-powered No-Code
platform that can help you with your
application modernization strategies. Get in
touch with our experts today to get started!

16. THANK YOU SO MUCH
FOR READING