Incessant endeavours are made to meet the constantly growing demands of IT industry and at the moment application rationalization is seen as a new trend that strengthens the IT field and its transmutation capabilities.
Here the comprehensive evaluation is collaborated with efforts and company objectives while it also allows app selection on the basis of business and priority related actions, checking the changing priorities, evaluating app real time value, endless review, adjustment, effective management of applications etc.
What is Application Portfolio Rationalization?
As we start, APR has countless plus points with most effective being its potential to enable organization migrate from one platform to another in an easier manner, lessen the application development cost and enhance the applications delivery. In all, the main handling of APR consists of shuffling and improving the present application portfolio, removal of unnecessary functions, re -plat-forming, retirement of non-valued apps and migrating application to more advanced platforms.
Playing a crucial role, Application Rationalization transforms IT environment to attain revolution and allows the companies to have good understanding of the application portfolio that is vital in building better application transformation road map. Road-map is further imperative in execution of transformation.
In today’s times it is common to find myriad IT organizations that plan migration of their applications to latest technology platforms with these technologies proving to be vital when priority is given to the apps running via rationalization initiative.
5 steps for successful Application Rationalization
1. Identify the actual cost of each application
First recognize the actual cost that the application portfolio involves such as infrastructure costs, operations, licensed software support, direct app support, app maintenance, small modifications, etc.
2. Analyze the functional & technical quality of each application
Find out the functional and technical attributes of your application, combining them to get the overall business value.
3. Manage cost and business value
Management of the overall cost of the application and the business value is vital. First realize the amount spent on the maintenance and manufacturing of the application as well as money spent on HR and other resources.
4. Create a Road Map
Form a comprehensive roadmap containing set of actions along with business case that allows easy understanding of the applications transformation and quality enhancement. Quality improvement is necessary as well as it’s crucial to decrease overall cost and eliminate useless functions.
Maintain a clear road map as that’s important in attaining the desired business value. Companies must follow the suitable roadmap as that reduced their mobile application cost and organization structures necessary for the enterprises’ operations.
5. Build Business Case
Business case is built to present the business and financial value of changing the applications portfolio. A strong business case is helpful in attaining the goals as well as it influences the efficiency of business processes reducing the initiative cost.
Benefits of Application Rationalization
APR offers several advantages as it allows you to manage an entire app inventory enabling the enterprises lessen duplicate ones. Besides, it’s easier to reduce the apps intricacy via modernization projects.
Yes, it saves the cost that you can then apply to application that meets business requirements. Infosys case study shows that APR saves cost of more than US$ 2 million.
Lessen the useless investments.
APR evaluates each application along with its contribution to the business success. Through the evaluation you can reduce the needless investment of resources and other support cost. It rather has focus on the actual investment requiring the
attainment of precise business goals.
Reduce support requirements
Most applications need additional support from your own company employees or vendor’s. However, the support cost is reduced using the technologies and resources.
Decrease future App purchases
Application portfolio management (APM) allows the organizations take decisions in regard of app deployment and its advantages to business. It’s easy for enterprises to realize the benefits and future offerings. Lest the application doesn’t benefit the app, then the future app purchases can be minimized.
Application rationalization offers numerous benefits to business like it saves billion dollars, enhances efficiency and business value and a lot more. In order to deploy a rationalization plan, the organizations must define certain goals that are combined with the understanding of core business values.
At Octal Info Solution, we offer brilliant mobile and application development solutions to the worldwide audience.