Over a thousand apps. That’s how many business apps the average enterprise has. It’s a mind-boggling number, a chaotic patchwork of software stitched together to run a business. Perhaps even more interesting is what these apps look like and how they function.
The reality is that a one-size-fits-all app simply doesn't exist. 83% of companies use customized software, while nearly half (49%) build custom apps from scratch. But why? The answer is twofold - Businesses need apps that fit their specific needs, and apps need constant modernization.
What was suitable for the business world even five years ago might not be good enough today, given changing market dynamics and rapid technological advancement (particularly in areas like AI and automation).
Benefits of Application Modernization
Modernizing your applications is a strategic move that delivers substantial returns. Don't believe us? According to research, organizations spend 60-80% of IT budgets on keeping older IT systems afloat. That's a significant amount of cash on running costs that could be spent on more efficient systems.
In fact, one study found that inefficiency consumes around 30% of a company's revenue annually. And that's not the only problem with outdated tech. When older apps fail, businesses lose productivity, whether they're down for a few hours or just a few minutes. Older systems are also more vulnerable to cyber-attacks.
With this in mind, let's look at why you should modernize your apps:
- Enhanced Efficiency: Automation takes over repetitive tasks, freeing your team to focus on innovation. It saves time, and money, and drastically reduces costly errors.
- Improved User Experience (UX): Modern apps apply the latest UX design principles and methodologies to deliver exceptional UX design, like agile. This means your employees (or customers) don't waste time trying to navigate unintuitive menus or clunky buttons.
- Accelerated Time-to-Market: Agile development methodologies and cloud-based infrastructure enable rapid application deployment. Businesses can quickly respond to market changes and seize opportunities.
- Cost Reduction: Automation, cloud optimization, and reduced maintenance lower your operational costs. Injecting AI and automation across your workflows also ensures you get fewer errors, higher accuracy, faster processing speeds, improved forecasting, and deeper insights. And things get even more exciting with generative AI. You leave nothing to chance or guesswork.
- Increased Scalability: Cloud-native architectures provide unparalleled scalability. Applications can effortlessly adapt to fluctuating workloads, ensuring optimal performance.
- Data-Driven Decision Making: Advanced analytics provide actionable insights to fuel your business growth. AI can unlock insights in your business data that you would otherwise be blind to.
- Future-Proofing: Your technology stack stays aligned with the latest trends, ensuring long-term competitiveness. For example, you can forget clunky chatbots and instead continually improve your conversational AI to provide laser-focused, human answers to your customers.
Future-Proof Your Business
Modernizing your applications isn’t just about upgrading technology; it’s about transforming your business processes for the digital age. You can streamline operations, enhance customer experiences, and drive innovation by harnessing the power of automation, AI, and UX.
Our team of experts brings deep experience in app modernization. We understand the latest trends, best practices, and what it takes to deliver successful projects. Let’s work together to unlock your business’s full potential.
Contact us today to start your modernization journey.