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Research Paper | Information Technology | India | Volume 13 Issue 8, August 2024 | Popularity: 3 / 10
Reinventing Business with Cloud Integration: The Cost - Effectiveness of Replacing Legacy Applications
Vinay Singh
Abstract: Any company's financial systems and CRM call for several business operations that must be carried out on schedule. Eventually, most of the time the software applications will operate under custom/legacy application, fulfilling these purposes. This study aims to investigate the several negative effects that we could experience when we have too many legacy applications in the financial systems and CRM and possible solutions for them. Once the backbone of many companies, legacy systems have lately grown to be a major obstacle to innovation in the fast - paced corporate climate of today. Often firmly rooted in the operations of a company, these antiquated technologies provide difficulties with scalability, adaptability, and connection with contemporary alternatives. This article investigates how legacy systems hinder the capacity to adopt new technologies, react fast to market changes, and properly use data, therefore impeding organizational innovation. It looks at the inefficiencies of keeping and running legacy systems including technological obsolescence, security concerns, and high running expenses. Moreover, the research emphasizes how these systems affect the capacity of a company to create an innovative culture since their management often calls for large resources and leaves little space for technical development or experimentation. By means of case studies and industry analysis, the article addresses possible ways to overcome the constraints presented by legacy systems: gradual system modernization, cloud migration, and adoption of agile approaches. In the end, the report emphasizes how companies should change their IT systems if they want to stay competitive and keep promoting digital age innovation.
Keywords: Oracle Applications E - Business Suite, Organizations, SOA, methodologies, Legacy Systems, Integration, Costs, Solutions, Case Studies
Edition: Volume 13 Issue 8, August 2024
Pages: 1882 - 1887
DOI: https://www.doi.org/10.21275/SR24081091542
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