A majority of TTLH enterprises were already on their digital transformation journeys when the pandemic shut the world down overnight. In many ways, the COVID-19 pandemic has played the role of ‘Chief Digital Officer’ for these players to change their outlook on digital transformation timelines, visions, and endeavors. TTLH enterprises need to modernize their legacy IT systems and adopt cloud-centric business strategies in order to stay relevant, resilient, and agile.
The Everest Group’s recent market study on ‘Application transformation services’ revealed that 55% of the enterprises are budgeting for application modernization initiatives, and digital transformation is increasingly being commanded by business executives.
This report captures Everest Group’s and Mindtree’s industry practitioner observations on the ‘Reasons for enterprises’ need for core modernization’ and summarizes the webinar discussion. We shall also explore the key considerations for effective core modernization and cloud adoption by outlining the existing challenges and expectations, followed by an execution strategy framework.
