Application Modernized Program

Requirements
  • Headquartered In: USA and Canada
  • Company Size: 500+ Employees
  • Industries: Financial Services, Insurance, Retail, Healthcare, Manufacturing-Automotive
  • Titles: IT and Engineering exclude Security
  • Job Level: Manager+
Overview

According to Gartner, Low-Code Application Platforms are having the highest impact NOW (0 to 1 Year) on Enterprises as business enablers by changing practices, processes, methods, models, or functions fast and without constraints.

Other Predictions from Gartner:

  • 50% of medium to large enterprises will have adopted an Enterprise Low-Code Application Platform, as one of their strategic platforms by 2023.
  • In 2021, overall IT Budget spending is $3.41 Trillion
  • Legacy Modernization is approximately 16% of the IT Budget or $546 Billion (Legacy Modernization would have the same split in spending as all IT Budget (assumption)
  • Forecasted IT Spending (2021) for Enterprise Software is $700 Billion (worldwide)

This will happen as time-to-market is crucial to put companies one step ahead of their competition. When organizations look to rebuild existing applications using traditional code, they often cannot justify the investment because of the time and cost involved. The reason why companies are investing in agile software methodologies. When ‘building software fast’, assuring the quality of the delivery can end up being a real challenge if it is not addressed correctly, compromising the final product and customer satisfaction.

Top reasons our community cites for adopting or considering this solution:

  • Cost reductions:  Existing application platforms are expensive to maintain.
  • Aging platform: Current system is missing key capabilities or it is not flexible enough to meet requirements.
  • Skill gaps: Qualified personnel may be hard to find or expensive.
  • Technical Debt: More cost-effective to replace applications than trying to tackle existing technical debt.
  • Rationalization of the IT Portfolio: Reduce IT complexity to lower infrastructure and maintenance costs, and mitigate risks.

You must be directly involved in your company’s evaluation process for solutions like this, or in the management chain for people who do. You must be a hands-on user of the prospective solution or in the management chain of users. Please do not register for programs that are an unlikely fit. Your credibility and ours depend on it.

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