Legacy Transformation-Ways to React to Market Forces

Different strategies clients are implementing for IT systems to meet market demand, with one extreme being replacing the whole system to in-between approach of replacing or fixing one application at a time to other extreme of modernizing with the old technology or do no system modernization. Market forces are demanding every small & large company in every corner of the world to respond to changes in a manner it has never done before. Let it be the Consumerism, Digitization, Social-Mobile-Analytics-Cloud (SMAC) or Productization, the IT systems must be agile enough to respond to market demand in a better-faster-cheaper ways. However, not all the current day legacy applications, built with technology & architecture which dates back to decades can support this continuously accelerating pace of change. This article describes the five different ways clients are approaching legacy modernization to stay in the race (based on the implementation exposure on legacy migration initiatives across geographies for different industries).