Weekly CloudNews: IT leaders struggle with application modernization, survey finds

Welcome to this week’s edition of CloudBolt’s Weekly CloudNews!

Here is this week’s news:

IT leaders struggle with application modernization, survey finds

Anirban Ghoshal, InfoWorld, August 10, 2022

“A majority of IT leaders said in a recent survey that they struggle with the process of application modernization, according to a report from Asperitas Consulting. Application modernization, according to Gartner, is the process of migrating legacy systems to new applications or platforms, including the integration of new functionality. The concept has gained popularity due to enterprises’ efforts to scale and innovate faster, and all respondents to the Asperitas survey say that application modernization is in fact critical for their businesses.

“More than 45% of IT leaders polled say that the applications they have modernized so far were critical to their businesses, followed by 28% saying that the completion of the process enabled them to innovate faster and scale rapidly. At least 25% of respondents said that modernization improves productivity, followed by 11% claiming that implementing the process could make their enterprises more attractive to employees and customers.” READ MORE

4 reasons projects fail – and how to avoid them

Faiz Khan, DevOps.com, August 17, 2022

“Digital transformation – the use of data, tech, algorithms, machine learning and more to develop new models of work and serve stakeholders – can enable companies to achieve growth via previously untapped potential. According to Mordor Intelligence, digital transformation was valued at $263 billion in the manufacturing market alone in 2020. By 2026, it’s projected to reach $767 billion.

“Despite the seemingly limitless rewards, organizations remain wary of digital transformation. Almost three-quarters (70%) of digital transformations fall short of their objectives, often with profound consequences, according to Boston Consulting Group, who suggest that delivering fundamental change at scale in large, complex organizations is challenging.” READ MORE

Engineering, Finance Teams Struggle to Connect Cloud Costs, Business Value

Nathan Eddy, InformationWorld, August 8, 2022

“With market volatility on the rise and economic headwinds gathering, CIOs are looking to rent cloud-based IT infrastructure and software on subscription-based models rather than placing big tech bets on lump-sum investments.

“A recent Gartner report found cloud consulting and implementation and cloud managed services are expected to reach $255 billion this year, with spending on data center systems forecast to experience the strongest growth of all segments in 2022.” READ MORE

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