Drivers of Product Modernization

According to a Forrester Report, 51% of the CIOs want to modernize their IT systems and applications. This makes it necessary for ISVs to modernize and upgrade their products in order to meet the market demand. Over last few years, ISVs, have a focus on modernization their products. This trend is driven by different business & operational needs and technology disruptions.

Business Needs:

  • Changing Business Environment: Business environment across the world is changing. To adapt to the demand of end users changing business needs, ISVs need to modernize their product. Otherwise they lose the competitive edge
  • Improved User Experience: Better usability drives enriches user experience, and thus results in better adoption, whether the product is on the Web or on the desktop. ISVs have a constant pressure to improve the UI of their product through the usage of existing or new technologies.
  • User Needs & Satisfaction: Current day users are more demanding. They want more for less, better Usability, and more efficient product which is accessible through any devices.As an example, users now expect their software – from email, to line of business applications – to be accessible on their mobile devices
  • New business processes: Enterprises in many industries, such as Healthcare, Banking, have adopted new business processes to comply with new regulations. While software companies have tried to incorporate the changes, many time incorporating changes into existing products have been done through some workarounds, which are impacting the performance, scalability, and efficiency of the product
  • New market: To achieve their growth,ISVs are targeting new market segments and such initiatives are often necessitating changes to the technology platform, architecture, or delivery mechanism.

Operational Needs:

  • Streamlining R&D Budget: The changing business scenario has also put pressure on optimizing the R&D budget, by lowering maintenance & support cost, and shortening the lead time to market. This can be achieved only when ISVs do not need to support multiple legacy version of their product. Only way forward for ISVs to achieve this is by modernizing the old product and to bring them to new technology platform.
  • Unavailability of skilled resources: It is not very easy to find an expert engineer with legacy platform skill. Even if they are available, they have negative impact on return on R&D investment. Product modernization can also solve this problem for ISVs

Technology Disruptions:

  • Mobility Enablement: Mobility has come a long way and established itself as a major delivery channel for enterprise data and applications. This trend is forcing ISVs to mobility enable their existing product
  • Software as a Service: Gartner predicts one third of existing enterprise applications to move to a hosted model and 40% of new applications to be built using it. ISVs need to redesign & re-architect their products to make it SaaS enabled
  • Web2.0: The new Web is not just transforming the way Web businesses function; it is influencing how ISVs are adopting Web 2.0 concepts to enrich their products.
  • Cloud computing: Cloud computing is another game changer which will decide future the way applications will be delivered. ISVs need to factor in a cloud strategy from customer’s's as well as their own business view point

(Re-publication from an earlier article of the author published in EzineArticles: http://EzineArticles.com/4233852)

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