Here are 3 effective application modernization strategies, challenges that most companies face & other crucial information for organizations. https://natifi.ai/3-crucial-application-modernization-strategies-for-enterprises/

1. 3 Crucial Application
Modernization Strategies
for Enterprises

2. The pressure to offer cutting-edge products and services has never been greater.
Until recently, when companies discussed digital transformation and innovation,
they were most likely referring to the customer experience.
With the rise of remote/hybrid work, the experiences of both employees and
partners have become equally important in order to succeed in a decentralized
setting. Companies must break free from the shackles of obsolete technology and
procedures that are holding them back in order to innovate and flourish across
these three digital transformation objectives.
How fast will this modernization happen?
According to a recent report, most legacy systems/tools/systems will be
modernized by 2024, with cloud services being leveraged by 65 percent of them to
enhance functionality or replace unproductive code.
Delivering modern cloud apps is critical for boosting business adaptability,
agility, resilience, scalability, and even opening up new
opportunities. But, building these apps might be incredibly difficult.
Furthermore, firms are already devoting significant time and money to handling
the debt of their existing IT investments, making the task of delivering these new
cloud apps much more challenging.
Challenges of Application Modernization
Let’s start from scratch: why is delivering modern applications so difficult? Unlike
a few great software companies like Netflix or Apple, most businesses confront
three obstacles to modernizing their products and achieving software innovation:
1. The Right Talent is Hard to Come By
According to recent research, there was a 1.4 million developer shortfall in 2021,
which is the equivalent of a 10% shortage when compared to current numbers of
full-time developers, which is predicted to climb to 20% in the next couple of
years.

3. 2. Existing Systems and IT/Tech Debt
In a typical firm, 50 percent of applications are old, and fewer than half of those
have been integrated with advanced development tools such as DevOps and
integrated development environments.
To be clear, legacy systems aren’t just old computers sitting on a shelf; they
frequently fulfil mission-critical functions. When you’re attempting to innovate,
though, and you need to integrate the old system too, say, access data or build a
new enterprise application/tool on top of the existing one to streamline
client/customer business with you, challenges occur. It might be difficult and
costly to integrate with or build on top of outdated systems.
3. Innovation Roadmaps & Programs are not set up properly
Initiatives (programs & platforms) that serve as the framework for developing the
culture, KPIs, and essential toolsets to empower developers are referred to as
innovation programs.
According to a leading report, despite the fact that innovation platforms/programs
are crucial for keeping engineers motivated, 41% of companies that claim to be on
a digital innovation mission lack them.
3 Effective Application Modernization Strategies
1. Having a robust software sourcing strategy is a must!
Companies that provide business results with technology (software) are highly
likely to have a structured software sourcing strategy, according to a prominent
study.
Such firms plan for the long term while defining their development strategy, rather
than focusing on solving a specific problem with a single vendor.
A well-thought-out sourcing strategy should be designed from a variety of strategic
views within the business, and it should include the capacity to leverage current
systems. It’s what enables these pioneering companies to offer solutions in
days, weeks or months rather than years. This also includes integration with legacy
and existing systems, and to do so swiftly, securely, and consistently.

4. You must first ensure that your internal development strategies are in line with
your business strategy before looking for the proper vendor partner while building
your sourcing strategy.
The right partner should be able to provide you with the right infrastructure that
allows you to attain your strategic objectives as well as a clear direction for how
the framework (platform/tool) will address other important requirements such as
data storage, privacy, security and governance, as well as integration with your
existing systems.
But, above all, it must be about empowering developers, stakeholders, and non-
technical users with functionality and a smooth development environment; it’s all
about getting the app they build into the hands of business users/ground
staff/technical users to deliver the right outcomes. As a result, involve your
application roadmap and critical use cases in these discussions as early as feasible
to receive the most impactful results.
2. Don’t just be a Software consumer. Build Software yourself!
What this means is that you shouldn’t simply consume software and drown in
bottlenecked processes. Instead, leverage innovative platforms & solutions to build
software/applications/tools yourself!
According to one study, up to a fifth of Fortune 500 businesses will become
software manufacturers/builders/producers by 2025 in order to keep their
reputation. However, every organization, regardless of size, should develop
software.
To be a reliable and successful software producer, you must aim towards software
elegance – whether you have the in-house expertise or need to outsource. To put it
another way, the goal is to produce value with little code and less complication.
This is where No code platforms come into the picture!
No-code systems are still misinterpreted as being unsuitable for serious developers.
While this is true for those common and not-so-effective no-code platforms, it is
blatantly untrue for the leading no-code offerings. No-code removes the majority

5. of the challenges (code) that developers confront while developing an app or
system.
Developers don’t want to just sit around writing code for months only to find that a
specific line of code is malfunctioning. Finding that error is like finding a needle in
a hay stack and many times fixing it will most likely cause other issues to pop up.
But, with nocode, this isn’t the case!
The intuitive visual development environment offered by no-code
platforms simplifies the entire development ecosystem for not just developers but
laymen and non-technical stakeholders!
3.Starting from Scratch is so “Old School”
Today, there’s no need to start from scratch when it comes to building an
application, software or a daily used tool for your ground staff. Cloud markets
make it simple to find repeatable code. And when it comes to no-code you don’t
need to go to these marketplaces too. Everything you need is provided on the
platform itself!
Why so much of resources and simplicity?
It’s all about enabling developers with the tools, procedures, and convenience of
use that no-code platforms provide. By investing in your staff and providing them
with better tools, you’re empowering your development team and increasing their
retention while also boosting the quality of their work.
Natifi is a cutting-edge Ai-powered No-Code platform that can help you with your
application modernization strategies. Get in touch with our experts today to get
started!