Innovation is more likely to happen in organizations that structure their people, processes, and technology in the right way. Of course, there’s no magic formula for innovation, but these six key actions have helped leading CIOs transform their businesses.
Businesses are facing cyber-attacks, data breaches, fraud and corporate espionage at eye-opening rates. According to the Kroll Annual Global Fraud and Risk report, 84% of companies in 2017 fell victim to fraud over the course of that year. One of the greatest vulnerabilities to an organization is older, legacy systems in which security updates have been forgotten or fallen behind. Sometimes older systems have fewer users and they get less attention. Other times, security patches and updates are no longer available.
A key consideration for businesses asking the rewrite-or-rebuild question has to be security risks. Can the system and all its data be protected with only a rewrite? Will security and updates face any limitations or support issues if the legacy system does not migrate to the cloud or a hybrid cloud solution? Would a rebuild be essential to eliminating vulnerabilities and protecting data, customers and IP?
Many business leaders assume a rewrite will be less expensive than a rebuild, but that is not always the case. Where the system lives and who will maintain it (is it going to the cloud or keeping to a mainframe?) is key to understanding expenses. Sharing infrastructure costs through cloud solutions is one way to reduce costs. However, some legacy applications may already have cloud capabilities, and infrastructure costs may not be a factor.
The biggest cost risk is, of course, that of the failure of a legacy system and the resulting business losses. When a network or technology is older and less efficient than other systems and tools it engages, the risk of failure goes up. That incompatibility with more modern systems and tools can cost a business dearly. The question for the business has to be this: Is rewriting this legacy system enough to guard against future failures? Or is a rebuild necessary to keep pace with the marketplace and all its technologies?
This eGuide is a compilation of five articles from publications that IT executives trust. The purpose is to provide you with the educational resources you need to spark a transformation in your organization and make the shift from legacy systems.
Articles in this guide include:
- 6 Secrets of Highly Innovative CIOs
- 5 Legacy System Upgrade Considerations
- 4 Things Successful CIOs Know About Digital Transformation
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