Software modernization is one of the most important parts of updating your business, and preparing yourself to be more competitive in today’s business world.
Without the right software, databases, and applications, you will not have the right information to make the proper business decisions – resulting in a less agile and responsive business strategy, and a more slow-moving company. Because of this, it’s important to understand the most common software modernization trends, and how they can help your business succeed in your market.
1. Migrations to A Cloud-Based, PaaS Model
This is an especially common trend in mid-size businesses, which lack the financial and IT resources of larger enterprise companies. By using a PaaS (Platform as a Service) model, these companies can gain access to extremely advanced, fast, and sophisticated databases, servers, and computing equipment.
By simply purchasing computing power by using a cloud-based, PaaS model, these companies are able to update their software and hardware without investing hundreds of thousands of dollars into mainframe computers, software licenses, and other hardware and infrastructure. This allows for a more even playing field, even among businesses with much larger IT budgets.
2. Hybrid Cloud Software and Data Storage Models
It’s important to note that most companies are still not adopting a fully cloud-based model, both for security reasons and for data integrity reasons. On-site infrastructure has still not been completely phased out.
A recent study showed that 100% of surveyed companies have a multi-cloud strategy, and 77% have a hybrid cloud strategy. By combining the power and availability of on-site IT resources with the redundancy and cost-efficiency of an off-site, cloud-based architecture, workloads and databases can be easily prioritized, leading to a better return-on-investment.
3. Layered Data Migration Strategies
It is challenging to shut down and stop using legacy systems, particularly in industries like insurance and air travel, which have been using the same systems for decades.
An innovative approach for modernizing these systems is called layered data migration. APIs and data caching layers are used to migrate new data (hot data) to a cloud-based environment and store it securely, while the actual infrastructure and database, or “warm” and “cold” data are left in place, in their current environments.
This allows for more simple, step-by-step data migration strategy to be used in today’s businesses, which ensures maximum system uptime, as well as safe, secure storage of recent and mission-critical data.
4. Utilizing Multiple Cloud Providers (And Avoiding Vendor Lock-In)
As the cloud is becoming more important for software development, databases, and data storage, today’s companies are looking to utilize more cloud providers to avoid vendor lock-in.
More companies than ever are modernizing their software and databases to ensure that they have a good data “exit strategy” that will allow them to migrate to another cloud provider or platform, with minimal interruptions.
A cloud exit strategy is important for any company that is relying heavily on a single cloud provider, to avoid vendor lock-in, and ensure that they are easily able to take advantage of cheaper, more reliable, or more efficient cloud-based systems.
Prepare Your Business for The Future – Understand These Modernization Trends
The future of SME (small-to-midsize enterprise) IT is in the cloud. And to understand the cloud and how it interacts with legacy software and on-site infrastructure, it’s critical to understand these 4 software modernization trends.