Modernization is essential for businesses to stay competitive and harness the full potential of AI. Generative AI is transforming how we live and work, and businesses must adapt to stay ahead. Modernization involves updating and improving assets across all business areas to work well with evolving digital software and the cloud. This holistic approach includes people, processes, skill sets, data, apps, and infrastructure.
Why Modernization Matters
Modernization breathes new life into legacy technologies, making them ready for AI. Without modernization, organizations may miss out on the full value of their investments, lag behind the competition, or fall prey to costly disruptions. According to a Forrester study, one in four business decision-makers experienced digital platform failures due to modernization challenges.
Key Steps to Achieve AI Readiness
- Assess Current State: Identify and document current IT infrastructure, applications, and processes to determine the level of modernization required.
- Build a Strong Foundation: Upgrade hardware, software, and network infrastructure, and develop a data management strategy.
- Develop an AI-Ready Workforce: Provide training and upskilling programs for employees to ensure they have the necessary skills and knowledge to work effectively with AI systems.
Designing a Successful Modernization Approach
Designing a successful modernization approach involves uniting strategy, processes, and technology. Addressing organizational and technical barriers, such as legacy systems and manual processes, is crucial. A holistic approach ensures technology is aligned with meaningful outcomes, especially when it comes to AI.
Overcoming Challenges
Modernization can be complex and costly, but it’s essential for long-term growth. Businesses must overcome technical challenges, such as legacy app estates and manual processes, and secure leadership buy-in. A clear technology strategy, modern operational processes, and strategic partnerships are key to successful modernization.
Conclusion
By embracing a comprehensive modernization approach, businesses can achieve AI readiness and drive sustainable, long-term growth. This involves updating and improving assets across all business areas, addressing organizational and technical barriers, and ensuring technology is aligned with meaningful outcomes.