Saturday, November 26, 2022

Top Three Reasons Why IT Modernization Efforts Can Sometimes Fail

By Prangya Pandab - August 17, 2021 4 mins read

Modernization can be a lengthy, complicated process with numerous potential stumbling blocks. CIOs should ask themselves questions about their mission and how they are doing in terms of achieving their goals. This discovery factor depends on collecting data to figure out the issues. This can aid in the identification of problem areas, allowing them to refocus their objective.

Government agencies and commercial businesses have been held back for decades by legacy IT infrastructure. These systems continue to stifle business processes and fail to meet mission objectives. Over the years there has significant progress toward digital transformation, particularly in the public sector. As per Statista’s report, “Digital transformation spending worldwide 2017-2024,” direct expenditures in digital transformation will exceed US$7.8 trillion between 2020 and 2024.

However, with such a large government funding for these efforts, companies must now more than ever approach digital transformation with an open perspective, keeping a close eye on what could go wrong.

Also Read: How Can CIOs Pave the Way for a Digital Future

Many businesses have ambitious goals for modernizing their information systems. They are looking for agile platforms to create critical apps and improve end-user experiences as a result of data fragmentation and a significant lack of interoperability.

CIOs are aware that advanced technology exists and are looking to improve their business procedures. These decision-makers, however, may be unprepared for any potential roadblocks along the route.

Since even minor errors can derail these efforts, it’s critical to thoroughly grasp the snags of digital transition and how to mitigate them for the best results. Transformations are more likely to succeed if the following three common mistakes can be avoided.

Failing to holistically assess the company

CIOs are frequently eager to begin modernization efforts that they do so without first conducting a comprehensive review of their company. Before modernizing, a leader should assess the current system’s strengths and weaknesses, as well as the existing workflows and processes.

CIOs will not be able to address the pain points unless they understand this.

They should assess if they have the necessary resources to efficiently modernize, as well as the expertise and roles available within their organization, and whether their organization will change as a result of infrastructure modernization. Skipping this assessment might waste time and leave CIOs with a distorted view of their company.

Failure to agree on a proper strategy

Strategy is the foundation of a successful digital transformation. At the start of a mission, mission leaders must carefully examine desired outcomes and work backwards to decide the best course of action. The strategy component enables decision-makers to have a clear approach to infrastructure modernization.

While a comprehensive strategy is required, it is equally critical to select an IT vendor that can put the strategy into action and provide quick value. An effective IT vendor will know how to orchestrate the right mix of technology to quickly accomplish mission success. CIOs should carefully select an agile and knowledgeable partner who is well conversant with the domain to ensure effective modernization and avoid future delays.

CIOs must also agree on which components should be upgraded initially. Cybersecurity is a serious concern for many companies, particularly those working with extremely sensitive data. CIOs should use a risk-based approach to strategically decide which parts of the current system should be addressed.

Also Read: 4 Traits of a Growth-Oriented IT Leader

Failure to perform routine maintenance

Following the implementation of modernization, routine maintenance is required. This allows for modernization to benefit the company not only now, but also in the future, ensuring that the system is future-proofed.

This maintenance procedure necessitates a high level of governance. It’s easy to believe that after a modernization project is completed, the hard work is done. Modernization, however, is a continuous process rather than a one-time event. Monthly check-ins should be conducted by CIOs to ensure that there are no areas of technical risk or failing parts, as well as to highlight areas where progress can be made.

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Prangya Pandab

Prangya Pandab is an Associate Editor with OnDot Media. She is a seasoned journalist with almost seven years of experience in the business news sector. Before joining ODM, she was a journalist with CNBC-TV18 for four years. She also had a brief stint with an infrastructure finance company working for their communications and branding vertical.

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