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The term "digital core" refers to the process of updating IT software and infrastructure, whether on-premises or in the cloud — to enable the delivery of digital apps and business strategies that are more agile. To keep up with client, employee, and stakeholder expectations, businesses must upgrade their IT infrastructure and applications regularly.
In the end, enterprises that continually optimize IT on the cloud, connect apps through intelligent automation, and leverage managed services will win in the long run. To achieve this degree of efficiency, resiliency, and agility, businesses need a solid IT core modernization plan to take advantage of cost savings improvements that also streamline operations, speed app development, and reduce maintenance.
Benefits of Core Modernization:
Core modernization allows organizations to take advantage of the power of all types of innovative technologies without having to manage infrastructure, data center costs, or software. Businesses may also use cloud solutions for a variety of applications and services to accelerate growth.
Stay "always-on" and provide tailored experiences via nimble digital infrastructure and services.
Optimize costs and improve predictability while increasing productivity and lowering the risk for companies who want to advance their digital transformation with the help of IT.
Migrate legacy systems and applications to new ones, including any new features that may help the company stay ahead of the competition.
FueledBy Core Modernization Philosophy – Winning with the Four “Rs”:
The objective of core system modernization is to convert a tightly controlled codebase and hardware into modular cloud applications, in which traditional layers are turned into components that may be consumed only when necessary.
Four distinct methods have emerged—we call them the four “Rs”—that may be mixed to create a strategy suited to your unique demands.
The goal of re-platforming is to get off old mainframe/legacy technology by developing a new future-state solution. It necessitates changing business practices and fundamental technological components to eliminate inhibitory dependencies that stifle agility and adaptiveness.
The repair of existing mainframe/legacy technology is known as remediation. The procedure, data, interfaces, and business logic are encapsulated into reusable, extendable software components and services. Security and regulatory concerns are addressed while data is purged to eliminate quality concerns.
The objective of revitalizing is to rebuild the transactional layer using digital extensions and user-centric process change. Visualization and discovery tools are used to enhance reporting and analytics on top of underlying systems, as well as generate new ideas, products, and offers utilizing the core foundation.
Replacement entails selecting “n-tier” or platform-as-a-service solution packages that include best-of-breed functional areas and moving them to these best-of-breed solutions. These new solutions would then enable you to take your business to the next level.