We’ve all faced the frustration of regular app updates, the buffering wheel, or the circling loading icon, causing delays in moving to the next task. Is the experience of using a slow legacy system with outdated technology the most frustrating, leading to a significant slowdown in your production rate? 

However, the risks associated with using outdated technology extend beyond mere frustration. Ageing legacy systems pose greater vulnerabilities to cybersecurity threats, legal complications, and increased instances of crashes. According to a RealWire survey, 87% of IT decision-makers feel legacy software exposes their company to cyber security threats and vulnerabilities. Cybersecurity breaches can lead to financial consequences for your organization, making the maintenance of an outdated legacy system potentially more expensive than upgrading to a modern one. According to Synopsys’ 2020 Report, poor-quality software would cost US businesses $2.08 trillion in 2020. In essence, relying on an obsolete legacy system can have severe negative impacts on a workplace.

Outdated software risks were evident during the pandemic when a surge overwhelmed legacy systems. In response, enterprises have doubled down on modernizing their applications by moving them to the cloud to boost speed and flexibility. According to IBM, despite modernization efforts, around 70% of enterprises still use mission-critical software tied to on-premises data centers.

Legacy Systems can often feel like an anchor, tethering organizations and preventing them from fully embracing cutting-edge technologies and advancements. As per the CIO Insights, one in four USA workers think their company’s technology and policies hurt their productivity, with 30.9% of young Millennials the most dissatisfied and young Baby Boomers following at 29.1%. And 36.8% of respondents believe their company’s technology is outdated.