New modernization techniques utilize best-of-breed accelerators, adaptors, and tools and leverage open source, cloud, outsourcing, and reusability of architectural components to support business processes. A successful initiative, therefore, should be delivered via an experienced cross-functional team comprised of enterprise architects, domain subject matter experts (SMEs), and technology SMEs working in a global environment. Modernization efforts usually can be self-funding since the reduction in costs for application and data center expenses typically offsets the costs of the program. This approach to modernization also builds organizational consensus and C-suite support, without which such efforts cannot succeed over the long term.
In short, today’s modernization programs are designed to optimize value, cost, and risk.