by Kevin McGahey
• June 2, 2020
‘Legacy system’ is a phrase that professionals use a lot, and it has a lot of negative connotations. Some businesses feel that they need to avoid legacy systems at all cost, while others find that the majority of their major operations depend on outdated software or processes.
For instance, 42% of agencies use more than 25% of their budgets for IT to maintain systems that are already obsolete.
Additionally, an announcement from the Social Security Administration in 2018 indicated that they were ready to begin the process of phasing out legacy systems, but that they expected it to take a period of five years to almost completely eliminate them. This means that many of their systems are still outdated as of now.
As businesses struggle to keep up with the changing times, it is important to comprehend the systems that uphold your essential processes. A legacy system is more than just old software. What exactly are legacy systems, and is it worthwhile for your enterprise to replace them?
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A legacy system may be old or relatively new. The most important distinction is that it is in some way outdated, lacking modern support or features. The phrase may refer to either software or hardware.
A legacy system will often be incompatible with modern software, no longer offer updates, or lack opportunities for extendability.
In short, a legacy system hasn’t caught up with the changing needs of a modern company. That is why it is so important to understand them: so that companies can remain at the cutting edge of technology and serve their industry to the best of their ability.
It may be useful at this point to have some recent examples of legacy systems in use. There are two primary examples.
One way companies can avoid data integration struggles is through a service that DreamFactory offers. Using the Data Mesh feature, enterprises can create a virtual relationship between two databases. That way, companies can merge data so that they can retrieve it later using a single API endpoint.
Business owners may feel the need to review their legacy systems based on what the competition is doing, or perhaps they are struggling to give clients the experience they need. Additionally, they may wonder if legacy systems are saving them money or in fact costing them money. What are some of the pros and cons of legacy systems?
While these pros may be consequential, there are also some noteworthy disadvantages [link here to Legacy Systems Disadvantages/Risk] to using a legacy system.
Many think that the list is a mile wide, but there are a couple of problems that are especially important.
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It might seem reasonable based on the problems with legacy systems to immediately begin legacy migration. However, migrating from legacy systems also comes with certain problems.
According to one report, around 44% of businesses have suffered from IT migration failure. They started the process, and then for whatever reason, they couldn’t finish it. That is a very troubling statistic.
There may be a variety of reasons why legacy migration fails. Perhaps a business tries to do too much at once, or perhaps the new technology that they plan to implement doesn’t work out. That is why companies have to choose carefully how they want to do migration. There are three main methods.
Understanding legacy systems and legacy system migration is important, but so is finding a company that can help throughout the process.
One of the main risks of not modernizing is that in many cases the competition already has or has strategies [link here to Legacy System Modernization Strategies] underway to do so. This gives them an edge.
DreamFactory offers many options for bringing legacy systems up-to-date. With DreamFactory you can:
Additionally, DreamFactory can help you manage your data portfolio. Using our services, you can de-risk legacy system replacements.
With so many costs to analyze and so many legacy tools that you may need to replace, it can be difficult to begin the process of modernization. With cutting-edge API solutions, DreamFactory can lead your company through the next steps of legacy migration.
Not updating systems comes with a risk. Companies have to balance the potential problems with the potential gains of finding new solutions to give them the competitive edge they need in order to succeed. Contact DreamFactory today to receive a free hosted trial and a free tour of the platform and to learn more about how you can bring your business up-to-date in a rapidly evolving tech world.
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