1. The First Step in Effective App Modernization Is an Assessment
Many factors come into play when plotting an app modernization strategy: business objectives, the technology landscape, resource constraints and more. Conducting a comprehensive assessment enables institutions to gain a holistic understanding of their existing applications, identify critical pain points and establish roadmaps. A full application inventory, complete with a clear definition of each app’s business value, can help you avoid duplication and clarify how applications fit into your institution’s long-term strategy.
2. Don’t Neglect Source Code Analysis
It’s common for IT teams to underestimate the significance of analyzing existing application source code. Failing to thoroughly assess the code base can lead to unexpected challenges, such as dependencies, technical debt and outdated frameworks, which can cause delays, increase costs and undermine your modernization efforts. A comprehensive analysis of the source code provides vital insights into the existing application architecture, potential risks and areas that require attention.
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3. Automated Application Portfolio Analysis Benefits Institutions
Automated application portfolio analysis offers a transformative alternative to traditional portfolio analysis, which can involve numerous meetings, phone calls and email exchanges with team members. allow institutions to efficiently assess their application portfolios, gain actionable insights and accelerate the decision-making process. Automation reduces the burden on employees and frees up valuable time and resources for other critical tasks.
4. First Rationalize and Prioritize Apps, Then Decide on Tech
In a well-planned app modernization project, technology decisions should be the final step in the process, after rationalization and prioritization. Rationalization involves evaluating the suitability of each application for modernization, considering factors such as business value, complexity and alignment with strategic goals. Prioritization ensures that resources are allocated to projects with the highest potential for positive impact. By following this approach, institutions can avoid investing in technology prematurely and make informed decisions that maximize ROI.
