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The Product Modernization Journey

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Product Modernization has become increasingly important for the companies to maintain a competitive edge. Read how Xoriant helped a leading innovator of Food Safety and Quality Assurance (FSQA) management solutions to grow by almost 100% in past 2 years while lowering IT costs by at least 50% through modernization.

Download our free e-book "Hitchhiker’s Guide to Product Modernization" here: http://bit.ly/2HNNhyA

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The Product Modernization Journey

  1. 1. www.xoriant.com The Product Modernization Journey March 22, 2018
  2. 2. © 2018 Xoriant Corporation.2 Technology Shifts in the Industry LEGACY ENTERPRISE TECHNOLOGY LANDSCAPE NEXT GENERATION ENTERPRISE Change forced by Market Dynamics , Internet, Connected Economy On-Premise Monolithic Enterprise Apps Complex UI for Desktops Business Reporting Cloud APIs & Microservices Architecture Omni-channel Modern UX Big Data Analytics, AI & Machine Learning
  3. 3. © 2018 Xoriant Corporation.3 Drivers for Product Modernization TOP LINE GROWTH BOTTOM LINE EFFICIENCY COMPETITION DIGITAL NATIVES 2017-2020 & BEYOND 50% of all new business software purchases will be of service enabled software 50%+ large enterprise application adoptions will be composed of SaaS / Cloud based solutions 18% CAGR growth rate of SaaS based apps 75%+ Organizations will deploy advanced analytics as part of a platform or analytics application 27% CAGR growth rate of IaaS/PaaS 40% of Fortune 500 companies will no longer exist in 10 years time due to digital distribution & new entrants
  4. 4. © 2018 Xoriant Corporation.4 The Journey to Modernization Can Be Difficult Need to maintain legacy systems, existing customers and ties to code bases Potential disruption to existing commitments (functional roadmaps vs. architectural changes) Risk of failure, increased instability, potential loss of performance Difficulty in choosing the right platforms/ technologies Potential disruption to skillsets of core teams
  5. 5. © 2018 Xoriant Corporation.5 Next-Gen Landscape Elements of Product Modernization CI/CD, QA, Infrastructure, Containerization Emerging Interfaces (voice, video) Omnichannel UX (web, mobile AR, VR) Conversational UX (chatbots) APIs On premise to cloud native, migrating to PaaS (PCF) based apps, Hybrid Cloud Microservices Architecture, Polyglot Persistence, Reactive Architectures Predictive Analytics, Machine Learning, Business Visualization Dev Environment, Platforms, Frameworks, Infrastructure Top and Bottom Line, Competitive Advantage Agile Business Cost, Speed, Productivity, Risk Availability, Cost, Scalability Insights, Competitive Advantage Customer Experience, Top Line Growth Primary Drivers Technology Upgrade Architecture Transformation Automation Cloud Enablement Analytics Enablement UX & Accessibility
  6. 6. www.xoriant.com Product Modernization Journey
  7. 7. © 2018 Xoriant Corporation7 Overview  SafetyChain is a cloud based Food Quality Management System  Our customers come from across the supply-chain from farm to retail  Our system help manage food safety and quality operations  Our customers achieve better outcomes and improved margins
  8. 8. © 2018 Xoriant Corporation8
  9. 9. © 2018 Xoriant Corporation9 Business Drivers Changing Needs of Food & Beverage Industry  Regulatory Requirements  Low Margins / Small Budgets  Difficult Working Environments  Low Skilled Users  Low Tolerance for Disruption  Limited IT Infrastructure Technology Changes Required  Customer Self-Service  Real-time Analytics  Mobile Application  Configurable for diverse customer environments  Performance  Reliability
  10. 10. © 2018 Xoriant Corporation10 We needed to transform a 10 year old traditionally architected enterprise web application into an scalable modernized cloud application in just 24 months. The future of our business growth depended on it!
  11. 11. © 2018 Xoriant Corporation11  Selecting technologies: Build vs Buy  Finding the right development partner  Ramping up team and skills  Development tools  Coding practices for consistency  Face to face design meetings and implementation planning  Increment change vs. full rebuild  Fast execution  Tools for customer self-services  Mobile  Legacy migration strategy  Extensible for future services Transformation Objectives & Strategy Key Components of Modernization Effort A reliable, scalable system with dramatically lower customer setup cost Operationalizing the Strategy
  12. 12. © 2018 Xoriant Corporation.12 Our Journey…and it Continues THE BIG BANG APPROACH Jan 25, 2016Jun 2014 Planning & Design Team Assembly Execution Initial Release Reevaluate June 2017Feb 2016 Execution Major Release ROUND 2 INCREMENTAL CHANGES CONTINUE
  13. 13. © 2018 Xoriant Corporation13 Much More Than Product Modernization We not only transformed our technology, we transformed our business.  We have a product we are proud of  We see the impact on our customers  We are helping to change an industry  We are contributing to an industry that impacts everyone, everyday
  14. 14. © 2018 Xoriant Corporation14 Tips for Undergoing Modernization “Modernization” is a journey, not a destination. You never arrive.  Changing everything at once is painful  Be targeted about your objectives  Document and share your assumptions  Be ready to adapt when your assumptions are wrong  It is probably going to take longer than you think  Keep track of your technical debt and keep management aware  Today’s modernization is tomorrow’s legacy
  15. 15. www.xoriant.com EBOOK Hitchhiker’s Guide to Product Modernization
  16. 16. © 2018 Xoriant Corporation16 Hitchhiker’s Guide to Product Modernization Helping You Help Your Clients Achieve Digital Transformation In this e-book, you’ll be introduced to the six planets in the Product Modernization Galaxy, each representing a stage of the product modernization journey. Xori the Guide will help you identify where you are today and then guide you through various paths in the Galaxy – helping you navigate the dangers and directing you towards opportunities at each stage of modernization. Click the link in description to get your e-book.
  17. 17. www.xoriant.com © 2018 Xoriant Corporation. THANK YOU! Ravi Viswanath SVP ravi.viswanath@Xoriant.com Roger Woehl CTO rwoehl@SafetyChain.com

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