Since the advancement of Industry 4.0 solutions, manufacturers have moved a long way from digitization to digitalization.

Every business wants to deliver a seamless customer experience to its customers. And, today’s customers want everything fast. However, changing customer behaviors and growing demands have been a massive roadblock between customers and businesses. What separates the winning companies from their counterparts is their approach to the existing ecosystem and the time to market their products. While top companies constantly innovate their systems, applications, and processes, others still rely on legacy systems and processes. There are four challenges every business must address to deliver unparalleled customer service and experience. Improving operational efficiency Lowering production cost Managing legacy applications Interpreting data from legacy applications for faster decision making This is where application modernization kicks in. Transforming the existing applications with advanced technologies and tools will help businesses boost operational efficiency, lower production costs, and improve customer experience. According to the latest report from marketsandmarkets, the global application modernization services market size is expected to grow from USD 11.4 billion in 2020 to USD 24.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period (sic). But, application modernization may not be a walk in the park for many IT businesses if they don’t have the right approach, strategy, and understanding. Before getting started with the benefits of upgrading applications, it is quintessential to visualize the connection between digital transformation and legacy software modernization. And application modernization plays a vital role in the successful digital transformation of IT companies.

Digital transformation plays a vital role in ensuring that organizations can adapt and thrive in today’s environment. By leveraging advanced, futuristic technologies, companies are better equipped to deliver breakthrough consumer experiences, drive innovation, and adapt rapidly to ever evolving market demands. Application modernization is the process of transforming legacy systems to turbocharge growth. But, let us first understand what the term application modernization signifies!