BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)The BFSI segment comprises of organizations that are into banking services, such as core banking, corporate, retail, investment, private, and cards; financial services such as payment gateways, stock broking, and mutual funds; and insurance services covering both life and general insurance policies. BFSI sector deals with a huge amount of risk as it contains a lot of critical financial data. BFSI sector is implementing disruptive technologies by developing digital transformation strategies and modernizing its existing applications. Frequent changes in banking regulations and the adoption of Omni channel approach to improve customer experience triggers the application modernization in the sector.
IBM has a portfolio of modernization services that showcases application portfolio assessment, application migration, UI modernization, application integration, application re-hosting, and post-modernization services. IBM Cloud Application Platform gives users the tools needed for refactoring existing environments to platforms that use latest technology to run across several environments and clouds. Users have the flexibility to apply existing applications through the use of microservices, containers, integrated DevOps, and Kubernetes.
Accenture provides Application Modernization and Optimization (AMO) services to help businesses minimize unnecessary operating costs and reduce capital expenditure in order to create value for the organization. Their specialists help clients answer questions pertaining to whether to renew, enhance, consolidate, replace, retire, or rebuild applications showcased in their portfolio. With Accenture, companies are able to derive the most value from existing applications and can also decrease costs and risks over the short, medium, and long terms.
HCL displays its efficiency in legacy application modernization with its ability to integrate multiple unique capabilities gained through decades of experience. These capabilities are driven by automated solutions that are created for generating code automatically, and legacy revitalization based on forward engineering. HCL is also capable of ML-based cloud assessment, migration, and re-engineering of applications.
Microsoft Azure, one of the best cloud environments for applications, covers frontend, backend, intelligence, data, and DevOps using its full-stack cloud. Azure enables swifter application modernization by making use of a customer’s preferred technology stack. It allows for seamless creation of applications in the cloud.
The Oracle Solution Modernization Service provided by Oracle Consulting helps clients maximize ROI from technologies and applications. By optimizing existing application usage and identifying business value, Oracle’s Solution Modernization Service expands business capabilities and reduces complexities of technology. The service helps customers identify risks and allows the use of proven strategies to recognize and manage these risks before the organization's progress can be affected.
Cognizant upgrades its IT infrastructure and applications to meet the increasing demand and ensuring security. The company uses modern technologies, to mitigate risks related to transformation. Additionally, the company deploys simple solutions to transform and streamline applications and infrastructure at speed and scale.
Tech Mahindra offers legacy modernization services address the needs of customers. These services help reduce high maintenance costs of the present IT environment instead enables seamless interoperability among disparate systems.
The exhaustive range of application modernization services provided by Dell shifts the costs associated with IT away from maintenance and towards innovation and focuses on business agility rather than cost reduction. Dell relies on an integrated approach to offer its customers flexibility, new revenue sources, and the creation of an adaptive enterprise. It offers users accelerated success in application modernization services by introducing the application development team to experts who help them in the assessment, planning, refactoring, configuration, testing, deployment, and transitioning of the existing application portfolio to operate on a cloud platform/container.
Micro Focus has app modernization capabilities that are both low-cost and low-risk. It analyzes approaches across depths, from keeping application logic largely unmodified to allowing incremental and productive evolution. Micro Focus helps users modernize their process for application delivery through new tools and methods for Agile and DevOps. It also gives users easy and modern access to mainframe applications and data.
DXC is a renowned provider of comprehensive services for application performance management. When managing application experiences, DXC mitigates the risk of failure by accelerating detection, problem resolution times, and root cause analyses. DXC’s comprehensive portfolio of public cloud-based application management services support applications operating on Microsoft Azure, AWS, and GCP cloud-native capabilities.
Fujitsu Global Application Modernization service enables clients to use older strategic applications to their full potential. By using Fujitsu’s application modernization service, clients can improve the usability, longevity, accessibility, and functionality of their apps. Fujitsu also has the capacity to address other issues such as high operating costs, vendor lock-in, skills rarity, technological redundancy, and high time-to-market.
Infosys helps organizations that cannot scale-up due to the transformation of their legacy systems to next-generation architecture. Infosys develops APIs as microservices using Infosys Cornerstone platform (PaaS) that helps simplify the creation of microservices as well as reduce its cost. Infosys legacy solution offers a framework to achieve economies of scale, speed-to-value, enable agility, and reduce run cost.
Hexaware API & Integration helps upgrade existing integration platform by not only in a cost-effective way but also provide an end-to-end ownership to enable legacy system for integration. Hexaware plans to help customers adopt the principles of cloud by using the Cloud Infrastructure.
Wipro Application Modernization Solutions automates data migration and business rules. Wipro Digital Modernization Platform Application Migration Toolkit automates the application migration in a secure and cost-effective way and helps organizations optimize their software maintenance cost.
YASH Technologies helps clients create a robust, lean, and future-oriented portfolio of IT assets that improves the agility of current applications, reduces the costs of IT operations, and leads to significant business outcomes. YASH decreases customer dependency on legacy applications and makes their digital infrastructure compatible with latest technologies like the cloud, subsequently allowing for a simplified service model.
The Virtusa Healthcare application modernization program offers end-to-end transformation of legacy applications with a focus on customer experience, business value, and operational benefits. It provides a framework for Digital API and Microservices that uses proven accelerators as well as API connectors for third party and technology platforms. This allows support for swift connectivity and integration. Using Virtusa’s application modernization services, existing applications and processes become highly agile, flexible, integrated, and streamlined.
CGI offers a specialized Legacy Application Documentation (LAD) service that is designed to undertake definition and documentation of legacy application workflows and provide recommendations regarding maintenance, migration, and rationalization.
UST Global considers legacy modernization as a catalyst to unlock new opportunities and provide clients with maximum business value. The company helps reduce the total cost of ownership. The company undertakes an ROI-based portfolio approach in applying modernization tools and frameworks.
Application modernization services by Nous Infosystems help clients restructure legacy applications to modern technology and architecture with an aim to increase business value. Nous leverages latest technology stacks to help organizations upgrade their legacy application portfolio to newer platforms with richer functionality and increased flexibility. Nous’s legacy modernization services strategically mitigate project and operational risks.