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Legacy System Migration: Should IT spend its time maintaining Legacy Investments?

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Everyone knows that legacy systems are bad. Unlike wine, they don’t get better with age. These systems belong to the legacy of past generations of software. Legacy systems, which form the backbone of many enterprises, are holding organizations back from leveraging new digital technologies and creating new experiences for their customers/partners. Many developers wish that they never have to inherit these. Good luck to those who get stuck with maintaining or converting them.

 

These legacy software systems can still be found in many companies and administrations. While these systems may still meet the requirements, they were originally designed for, they are typically based on old technologies that are no longer common. Since they only partially meet today’s IT requirements, organizations keep facing poor system performance and paying high maintenance costs.

 

Legacy system migration refers to the modernization of old IT systems to a newer hardware infrastructure or software platform. In companies, the maintenance effort on IT systems is steadily increasing, thus the old systems must be transferred to a connected and up-to-date version with multi-layered architectures. For the IT team, this means an enormous challenge.

 

According to a study the global application modernization services market size is expected to grow from USD 11.4 billion in 2020 to USD 24.8 billion by 2025. Key factors of this growth are cloud services, rising demand for modern infrastructure to ensure business continuity and focus on transforming and modernizing legacy systems.

 

Another independent survey, conducted by Boomi, a Dell Technologies company, questioned 825 Enterprise Architects in the EMEA region showed how companies are modernizing ERP applications and how they are coping with the challenges that complex IT environments bring with them. While many companies used their IT budgets to maintain outdated systems in the past, significantly more funds are now flowing into modern solutions. 35% and 33% respectively of the companies surveyed stated that they use their budget to modernize their systems and to innovate. The expenses for maintaining outdated systems are reduced from 70% – 80% previously to around 34%.

 

“It’s clear that investments in modernizing applications and digital business innovations are increasing. Executives and IT decision-makers will soon recognize the advantages of these investments and further reduce expenses for the maintenance of obsolete technologies”, says Stefan Soerensen, Account Executive at Boomi.

 

The latest Boomi survey also shows that decision-makers in European companies often face a dilemma: either they invest in the costly and complex process of ERP modernization, or they are overtaken by more innovative competitors. Many organizations find it difficult to modernize or extend their legacy systems in a way that enables them to create an IT strategy that supports the quick adoption of newer technologies such as cloud, big data, IoT, and mobile.

 

Should IT spend its time maintaining legacy investments or creating new things?

 

The answer is quite simple, outdated networks and servers no longer meet the needs of companies. Taking the right step and modernizing the legacy is the way forward.

The IT modernization promises cost savings, efficient management of IT infrastructure, efficient utilization of human capital, better security and risk management, enhanced user experience, and last but not the least, a direct impact on competition. Looking at legacy modernization, numerous advantages are associated with it become clear. Once the conversion/transformation phase is over, it becomes clear to what extent the new setup promotes efficient work, especially in logistics, purchasing and sales. This enables your company to concentrate on its core business and to implement your processes and projects even faster and better.

 

To modernize your legacy IT, it is important to have the right staff. Xorlogics supports you in every step towards the modernization of your legacy system efficiently and without risk. Reach out to our software experts to discuss the steps you can take now to avoid costly rebuilding.

 

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Opportunities and risks for E-Commerce in Covid19 Crises

Opportunities and risks for ECommerce in Covid19 Crise

 

The Covid19 epidemic and the associated restrictive security measures taken by the Government have various consequences and have an impact on global e-commerce, both in positive and negative way. As due to the corona epidemic, the government advises people to stay indoors as much as possible and non-essential stores are closed. All events, concerts, sports competitions and other activities are also cancelled.

 

During the lockdown, online trading is 100% secure and only way to get goods to the customer. And even if the stores are allowed to open again, many customers still prefer to do as much of their shopping online instead of going to a store and waiting in a never ending queue to get their daily basis use items. In addition, customers who have never or rarely made online purchases are getting familiar with the e-commerce concept as well.

While online sales are increasing sharply in some sectors, they are almost completely falling in others. Especially for companies active in the sale of tickets, tourism and entertainment, transport sector, the event industry is falling drastically, says Sofie Geeroms of sector federation BeCommerce. On the other hand, companies that are active in health care, or sell clothing, food or electronics via the internet and online pharmacies in particular are seeing their turnover increase. “I think we should be grateful that e-commerce is here to meet people’s primary needs,” concludes Geeroms.

 

According to a Coronavirus Survey Report based on 20 answers collected from national e-commerce associations, company members and business partners between 17 and 19 March 2020, 70% of European web shops expect to have less profit this year due to lower sales. In addition, 60% of them experience problems with deliveries. It is clear that the corona crisis is also leaving its mark online.

 

Biggest Problem: Deliveries

Ecommerce Europe survey demonstrated that, for at least 60% of the respondents, one of the main problems is delivery times. For 55% of them delays or interruptions in parcel delivery is the second major issue followed by a drop-in consumer order for 50% of them. They also face problems such as delays in planning the product range due to travel restrictions, increased absence of personnel or lack of transport capacity.

On the bright sight, the web shops indicate that they can still deliver the most packages to their customers. This also applies to cross-border purchases. In 35% of the surveyed web shops there were more online purchases.

 

Another short survey by Gondola shows that several Belgian web-shops see additional sales. Coolblue Belgium confirms “in recent weeks we have seen a sharp increase in sales of products to equip the workplace at home with materials such as screens, laptops and webcams and to keep in touch with each other. According to the survey, they’ve witnessed a growth of 100%.

 

2020 will be the year of e-commerce and anyone who has the opportunity to set up or expand an online shop as a retailer should probably do so. But what should one take in account before expanding their business online. Here are a few important tips & tricks that are important to consider in the online commerce.

 

Think Long Term

Short-term thinking is tempting right now as we want to control damage quickly. However, do not setup your online shop with the mindset of getting benefit from it only during the Corona crises. If you go online, make your webshop a central part of your company and invest effort until you are really satisfied with it and offer your customers a great shopping experience. Customers notice when an online shop is not maintained. This results in damaging your brand image, customer’s trust and lowers your sales. Make the first impressions count.

 

Do Your Homework

What do customers want? What’s going to sell well? Is my product trending or in decline ? How do I define my target market?  What does the competitive landscape look like? What laws and regulations should I be aware of? What are my barriers to entry? How much do i expect to sell ? Which online shop system are we going to opt for? What payment options do we want to offer? Do we want to connect to other portals? For example, on price comparison portals? Do you need a connection to your ERP system? These are some main questions, among thousands of other, that you should go through before going online.

 

Don’t Ignore Technological Trends

Online shops are now quite complex systems that are constantly being enriched with new skills. The reason for this is very simple: competition. There are some interesting technological trends in the area of ​​online trading. Gartner says 100 million consumers will shop in Augmented Reality online and in-store by 2020. Artificial Intelligence will be used, more than ever before, for data analysis and customer experience personalization, make smart product recommendations and automated chatbots that can have simple conversations with customers. Integration of augmented reality (AR) and virtual reality (VR) to help customers visualize their items before purchasing them.

 

Personalise the Customer Experience

Online trading offers incredible opportunities to understand your customers and offer them a customized shopping experience. An example: The navigation of your shop could prominently display the categories that are particularly relevant for your customer; or you can highlight different product benefits for different customer groups. Implementing personalized experiences on-site or in marketing efforts has been shown to have a strong effect on revenue, with one study finding it had a 25% revenue lift. Recent data also shows personalization efforts can reduce bounce rates by 45%.

 

Conclusion

Online shops offer retailers incredible opportunities – and what might have been born a lifeline in the Corona crisis can later become an integral part of your own company with high sales. Time will tell what new trends will 2020 bring in the ecpmmerce industry. But be prepared as there’s a lot of 2020 remaining,

 

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Machine Learning and Data Protection in the Cloud

Machine Learning and Data Protection in the Cloud

 

As more organizations are shifting infrastructure and services to the cloud, more are adopting a multi-cloud strategy. In fact theworldwide public cloud service market is expected to reach $623.3 billion by 2023. 83% of enterprise workloads will be in the cloud by 2020 and 94% of enterprises already use a cloud service.

 

These numbers show that most companies are already using cloud solutions in one form or another. In addition to the many advantages that the cloud can offer, it also increases the attack surface. Cloud growth creates new security threats, and organizations are struggling.

To guarantee a high level of security in the cloud, modern security solutions with machine learning, analytics and automation can help. Machine learning has already taken a massive increase in adoption over recent years and many businesses have already started to plan or have already developed machine learning models for security purpose.

 

Most IT departments are well equipped and informed with ensuring local network security. But how this really works in detail in the cloud is still relatively unfamiliar in many organizations. In addition, many business are already busy with securing their existing infrastructure, thus securing cloud infrastructures can be ignored or forgotten. What many businesses underestimate is that even complex hybrid infrastructures can be secured with advanced technologies that use machine learning, with a manageable cybersecurity budget.

 

In almost all industries, the cloud is already being used as an effective extension or replacement for some of the data center resources. And if you are not yet in the cloud, you are probably planning this step at the moment. But before moving to the cloud, make sure that critical security and regulatory questions are answered. As companies who adopt a multi-cloud strategy need visibility across it all to prevent downtime and to stay ahead of hackers.

 

Cloud-related threats are at an all-time high

 

It is not surprising that cloud-related threats keeps increasing, and there is no reason to believe that this will change in the near future. According to the recent study by the Ponemon Institute, the average cost of a data breach worldwide now equals $3.86 million – $148 per compromised record. However, the numbers vary greatly from country to country. In addition to that, a recent Skyhigh Networks study found that every organization operating in the cloud had almost two security incidents each month. These include: inside threats (both accidental and malicious), privileged user threats, compromised accounts, or data exfiltration. This shows that data is fundamentally endangered regardless of the storage location. Contrary to the often erroneous assumption, the provider of the cloud is never responsible for securing corporate data. For example, AWS states that they are responsible for the security of the cloud, but their customers for security within the cloud. Responsibility thus falls into the IT security of the companies using it, which often does not have the right personnel or know-how to guarantee security in the cloud.

Along with other challenges, IT security teams have a dual mandate to secure data in cloud services procured and managed by their organizations, as well as corporate data that employees upload to cloud services that they find and use on their own.

 

What specific steps can you take in this case to ensure security in the cloud as well?

 

A robust cloud security program includes technologies to protect, detect, investigate and respond to security incidents. The most effective cloud security technologies are data encryption, network encryption and SIEM (Security Information and Events Management). With the exception of SIEM, most technologies focus primarily on protecting and building a defense. However, next generation SIEMs also include proactive monitoring, analysis to improve detection and Reporting and forensics about security incidents, investigation and response to security incidents along with alerts based on analytics that match a certain rule set, indicating a security issue.

This makes the latest generation of SIEMs the ideal solution to secure hybrid environments. SIEM tools work by collecting and aggregating logs, reports and alerts from all of your security tools and solutions. These tools then present this information in a centralized location, by improving visibility and speeding incident analysis and response.

 

Machine learning key to securing data in the cloud

 

Fact that hackers are growing in sophistication and their malware is evolving quickly and continuously, enterprises must adapt a robust data protection strategy. Terms such as “data science” or “machine learning” started long ago as buzzwords in the IT industry. For some time now, however, the clever algorithms have been helping to recognize patterns in many areas and are already doing so in IT security. Many companies in numerous industries are currently facing the challenge of securing existing or future infrastructures in the cloud. Already used in speech recognition software and ERP systems for data management, the clever algorithms of machine learning are now being leveraged in cloud security solutions in order to enable enhanced threat detection and real-time security.

 

Next-generation machine learning algorithms are ideal for today’s cloud security because large data volumes are the most important condition for their reliability. These ‘intelligent’ solutions are able to take in high volumes of data from high-traffic environments andperform an extensive property and behaviour analysis to detect threats and take the appropriate actions in a variety of scenarios.

Therefore, the use of machine learning is the logical response to the growing amount of data and the ever-evolving threats found in the cloud. Machine learning solutions are helping organizations to secure data and enabling them to securely adopt any cloud application, despite advanced malware.

 

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ERP System: Key Features for a Successful Integration

ERP System Key Features for a Successful Integration

An ERP system is a vast information system that manages information about a company’s products, production facilities, materials management and accounting, customers, suppliers and employees’s data sales and marketing, financial balances, etc. It is used by every department in an organization and many individual processes in companies are closely interwoven with the core of the business model and are therefore critical to the success of the market presence. An ERP or enterprise system is designed to standardize, streamline, support and integrate organizational processes across functional boundaries.

It wouldn’t be wrong to think of an ERP as the brain of company’s technology system, as ERP provides a fully integrated, intuitive platform through which you can analyze, monitor and conduct the majority of data-driven tasks. Here below is a list of few key features which are decisive for the digitization success of a growth-oriented company.

 

  • Integration

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Integration of ERP system is a major part for its success. The study behind integration of ERP system, to make sure that the company will benefit from all of its functionalities and endless capabilities to work harmoniously, makes all difference from other types of software’s. Implementing a new ERP system that digitally maps the central operational functions is often considered a risk by many decision-makers. As it integrates all facets of a business, by synchronizing all core areas, businesses are able to gain real time visibility across your entire business with 24/7 access, increase productivity together with operational efficiency, reduce costs and enhance competitiveness. A well-integrated ERP allows employees to work from a single source of information reduces the discrepancies between your teams along with the associated errors anIntegration also allows your business to work with multiple components at once.

 

  • Automation

Automating company processes completely or at least partially is important for companies that want to pursue dynamic growth and act in more efficient and sustainable way.

Firstly, the advantages of digitally available data can be optimally used by automated processes, for example for taking orders in the online shop, because if the company is dealing with a large volume of inventory orders, sales, customer interactions, etc. it’s necessary that you can see and respond to data in real-time. In many cases, in absence of ERP system or with a legacy ERP system don’t update automatically and prevent or delay you from taking immediate action.

Secondly, with the help of appropriate cross-functional processes, companies can act faster and more reliably on the market, for example they are able to run certain processes such as a web shop outside of business hours. An advanced ERP system is able to make decision such as delivery capability can be guaranteed with the existing stock within the regular delivery time etc.

 

  • User orientation and availability

The main point of an agile ERP software solution is to be available wherever the user needs the system – in the home office, in the field, in mobile storage or in a meeting. When deciding on an ERP, it’s important to consider whether employees will be given access to the system via an app on mobile devices. In addition to that, a good ERP system will allow you to integrate external sources and build out a single source of truth for your data. This enables fast, error-free, digital information exchange and saves time and money and reduces the risk of critical complaints along the entire supply chain.

Those who ensure a properly operating ERP systems and an unified digital process chain

enable enterprises to reduce the time required to complete virtually every business process by delivering efficient and fast processes.

 

  • Customization

It’s proven that the business landscape changes too rapidly to use historic information to forecast the future. In addition to that the current pace of technological development is having profound changes on the way companies’ work. As the ERP system forms the digital backbone of a company and is usually purchased for a useful life of ten to 15 years. Company’s leaders must keep in mind that no matter how good their ERP system is, it cannot address 100% of their organization’s needs. Therefore, in view of the expected changes in the market and in technological development, we must ensure that the software can always be adapted to new requirements. Because once your organization’s areas of competitive advantages to the existing features of ERP, your ERP is best customized for all your company’s needs.

 

  • ERP Flexibility

Organizations that integrate an ERP system in their process gets the real-time visibility into data they need to make decisions quickly. Ambitious companies that are entering the ERP world can meet their needs for a standardized solution that maps the central processes within the framework of high-quality and user-friendly workflows. Because companies have data on hand, they can change and shift based on operational and market demands and as soon as they gain momentum and individual adjustments are required, the system must be able to upgraded to the full version. Furthermore, a flexible ERP enabled by Cloud technology is able to save you time and money.

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