Business leaders tend to stay with what they know. It’s familiar, comfy, and—above all—seems trustworthy. However, this comfort zone can be costing us more than they realise when it comes to legacy software systems.
Many leaders focus on the upfront costs of new technology while failing to consider the long-term implications of remaining with outdated systems. As technology advances, it’s important to examine how past systems stack up against modern cloud-based options, particularly in terms of scalability, integration, and access to upcoming breakthroughs.
True cost of legacy systems
The upfront expenses of sustaining legacy systems do not account for all of the challenges that firms should consider. These antiquated systems, for example, often rely on on-site physical servers, necessitating substantial infrastructure expenditure. Setting up a new server can cost up to $10,000, with additional costs for software licenses, maintenance, and support adding up quickly.
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