WALTHAM, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Rocket Software, a global technology leader in modernization software, today announced the findings from its survey, IT Modernization Without Disruption. Rocket Software commissioned Forrester Consulting in this survey of over 300 global decision makers, including CIOs, VPs and Directors, responsible for modernizing their company’s IT environment to explore strategies and the value external partners provided.
Key survey findings include:
For businesses, modernization is not just about staying relevant; it’s essential for staying agile and competitive. The key to successful transformation is how an organization strategically aligns their technology to their business and the context it operates in, whether that be healthcare, financial services, manufacturing or retail. Though it can be daunting, businesses are not backing down. Sixty-nine (69%) percent of respondents believe IT modernization is crucial for achieving their business goals over the next 12 months.
However, these modernization journeys are not without roadblocks. Modernization challenges include costly and time-consuming application re-write projects, with over half of respondents (51%) attempting at least six re-write projects as part of their cloud migration strategy due to multiple failures. Rewriting applications can be a costly mistake for businesses, as it often leads to extended timelines, operational disruptions, and frequently fails to deliver the expected outcomes. Challenges also include concerns over security (41%), talent shortages/skills gap (38%), and inadequate tools (30%). These challenges are negatively impacting business – 38% said modernization challenges have hurt their ability to recruit new talent, 35% stated that these challenges reduce their ability to compete, and 44% said that these obstacles have led to delayed timelines. However, the survey found that organizations who work with external partners (e.g., hyperscalers, managed service providers, trusted software vendors, system integrators, or external consultants) to supplement internal shortcomings reduce these modernization challenges.
“Modernization is an imperative for achieving both business and technology goals, yet it comes with a range of challenges,” said Phil Buckellew, President, Infrastructure Modernization Business Unit, at Rocket Software. “At Rocket Software, we are committed to supporting enterprises through this complex process, ensuring that modernization is seamless and effective. We recognize that modernization goes beyond technology upgrades - it involves a strategic transformation of an organization’s entire operation. Our focus is on enhancing efficiency, improving customer experiences, and driving competitive innovation. The key to a successful modernization journey is partnering with a team that not only understands the intricacies of the process but also provides the solutions, expertise and personalized support to meet you at every stage of your journey.”
Additional survey findings include:
To download the full study, click here.
Methodology In this study, Forrester conducted an online survey of 309 global decision-makers in charge of modernizing their company’s mainframe to explore IT modernization strategies and the value provided by external partners. Survey participants included decision-makers in IT, IT security, operations and others. Respondents were offered a small incentive as a thank you for time spent on the survey. The study began in May 2024 and was completed June 2024.
About Rocket Software Rocket Software is the global technology leader in modernization and partner of choice that empowers the world's leading businesses on their modernization journeys, spanning core systems to the cloud. Trusted by over 12,500 customers and 750 partners, and with more than 3,000 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power our modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and Twitter or visit www.RocketSoftware.com.
Media Contact Lacey Darrow ldarrow@rocketsoftware.com