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IDC PlanScape: Application Portfolio Modernization and Rationalization

Publisher IDC
Published Jul 18, 2024
Length 14 Pages
SKU # IDC19004721

Description

IDC PlanScape: Application Portfolio Modernization and Rationalization


This IDC PlanScape presents a comprehensive capability-driven approach for modernizing and rationalizing the application portfolio. It enables organizations to boost agility, reduce costs, enhance compliance, and innovate faster through a more modern, optimized portfolio of applications aligned to key business capabilities. However, the current context also brings headwinds to this strategic priority. IDC's January 2024 Future Enterprise Resiliency and Spending Survey, Wave 1, reveals that approximately 20% of organizations plan to shift budgets from app modernization to GenAI projects. So making the business case and explaining why application portfolio modernization and rationalization (APMR) are important will be crucial."As the business environment becomes increasingly complex, CIOs must adopt a comprehensive capability approach to operationalize application modernization and rationalization," says Serge Findling, adjunct research advisor with IDC's IT Executive Programs (IEP). "Application rationalization isn't about discarding the past; it's about streamlining the present to build a foundation for a future-proof, efficient application ecosystem."

Please Note: Extended description available upon request.

Table of Contents

14 Pages

IDC PlanScape Figure

Executive Summary

Why Is APMR Important?

What Is APMR?

Elements of Application Portfolio Management

Technical Debt

Portfolio Relationships

Modernization and Rationalization Capability

Governance

Processes

Talent

Technology

Data

Who Are the Key Stakeholders?

How Can My Organization Take Advantage of APMR?

Initial Rationalization Process

Application Modernization and Rationalization as a Continuous Process

Inventory: Create/Maintain Application Inventory

Assess: Assess/Analyze Applications' Health

Rationalize: Identify Applications for Retirement, Consolidation, or Modernization Based on Predefined Criteria and Prioritization

Plan: Develop a Detailed Road Map and an Implementation Plan, Considering Dependencies, Resources, and Risk Mitigation Strategies

Modernize: Execute the Modernization Plan, Leveraging Modern Technologies, Cloud Computing, and Agile Methodologies

Operate and Optimize: Continuously Monitor and Optimize the Modernized Application Portfolio, Ensuring Alignment with Evolving Business Needs and Emerging Technologies

Advice for Technology Buyers

Related Research

Pricing

Currency Rates
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