App Modernization Challenges That Keep CIOs Up at Night

In today's rapidly evolving market, companies must be agile, yet many rely on outdated legacy applications that hinder their ability to adapt. Legacy systems, while still performing essential functions, often become inefficient and costly, consuming 75% of IT budgets without contributing to innovation. Application modernization is crucial to integrate these systems into a cloud-centric environment, offering improved flexibility, agility, and reduced costs. However, the process faces significant challenges, including financial, time, and risk-related obstacles, with a high failure rate of 79% for modernization efforts. To address these issues, companies are encouraged to leverage AI-enabled tools, like the vFunction Platform, which can automate and expedite the modernization process by analyzing and transforming legacy code into microservices. This approach helps mitigate risks, manage complexity, and demonstrate the return on investment needed for executive buy-in, ultimately ensuring businesses can meet modern technological demands effectively.