Is analytics a tipping point for more legacy application modernization? Are legacy applications supporting or hindering the benefits of analytics? The answer may not be a binary yes/no and may require a deeper investigation of multiple factors.
Rapidly changing markets, global competition and eroding customer loyalty are among the factors that are forming a new landscape and encouraging businesses to deepen their focus on analytics. Analytics is gaining more attention and popularity as businesses become more sensitive to the benefits of real-time access to insights (trends, opportunities and threats) that can be gained from deep analysis of “live” business data. In many applications of analytics, the objective is to gain a predictive and forward-looking view of business. At the same time, most of the data sources for analytics are legacy applications, which were primarily designed for transactional purposes. Thus, there can be a conflict between the data available from legacy applications and the intent of advanced analysis.
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