Legacy applications can hold organisations back from realising their full potential, which is why modernising them is necessary. However, several barriers or challenges can present themselves throughout the process:
- Hesitation due to lengthy and complex digital transformation
- Shortage of skilled talent for development and implementation
- Apprehension about costs in modernisation process
- Concerns over evolving regulatory landscape
- Security concerns and vulnerabilities during transition
- Resistance to organisational change and adaptation
Despite these challenges, organisations recognise that modernisation is essential to remain competitive and agile in today's ever-evolving business environment. Recent industry trends indicate that 92% of organisations plan to or are currently modernising their applications. However, most struggle with where to begin. KPMG's experience in digital transformation can help companies streamline processes, increase efficiency, and boost productivity, all of which can position them for future success.