Breathing new life into legacy Oracle assets Bookmark has been added
Breathing new life into legacy Oracle assets
Increasingly, Oracle customers are leveraging several methodical approaches to modernize and extract more value from their core systems. Undertaken as part of a strategic ‘core renaissance’ effort, these approaches can help companies breathe new life into legacy assets, lay the groundwork for future cloud and digital transformation, and fuel innovative new services and offerings.
Modernizing the backbone of the enterprise
Long-standing investments in legacy Oracle finance, human capital management, supply chain, and customer systems represent years of buying packages, building custom enhancements, and integrating new solutions. Increasingly, Oracle customers are leveraging several methodical approaches to modernize and extract more value from core systems that form the backbone of the enterprise.
Undertaken as part of a strategic “core renaissance” effort, these approaches can help companies breathe new life into legacy assets, lay the groundwork for future cloud and digital transformation, and fuel innovative new services and offerings.
Getting started on your core renaissance journey
For Oracle customers operating legacy systems, core renaissance initiatives can begin by taking a combined view of business imperatives and technical realities—balancing business priorities and opportunities with implementation complexity. This can provide an approach tailored to meet your specific needs and goals. It should be a roadmap informed by your most pressing pain points, not by Oracle’s product catalog.
Approaches will vary from wholesale transformational efforts to incremental improvements tacked on to traditional budgets and projects. But regardless of how systemic or tactical they are, core renaissance responses often include a combination of the following five approaches:
- Replatform: Replatforming efforts typically center on upgrading the core application or implementing new solutions on the underlying platform upon which the application runs.
- Remediate: Remediation shifts attention to the internal workings of systems, which could require rewriting chunks of code to reverse technical debt.
- Revitalize: In some cases, the internal business logic and transactional capabilities in legacy Oracle systems are rock solid, but usability causes pain points—poor user experience design, long response times, or a lack of mobile solutions to support business when and where it actually occurs. Both analytical and transactional solutions can benefit from revitalization.
- Replace: In some situations, the answer is to recast the solution landscape by replacing parts of the portfolio with new solutions.
- Retrench: Retrenchment, simply put, means doing nothing. Being passive can be strategic, especially if not taking action is a deliberate decision made after careful analysis.
Eyes on the future
Breathing new life into legacy Oracle assets improves upon the ways of old, and broadens the possibilities of tomorrow. As many organizations on the core renaissance journey are realizing, a revitalized core can become a strategic differentiator, and provide a foundation for experimentation, innovation, and growth. It can also offer a roadmap for leveraging advances in in-memory, cloud, hardware, and other leading technologies, removing paralyzing complexity, and getting back to basics.
Of course, such steps can lead to greater efficiency. But the real opportunities are more strategic. For example, what would you do differently if you could close your books in seven seconds instead of seven days? How would aligning demand with supply transform your relationships with suppliers and retailers? How would the ability to recruit and retain top talent impact your innovation agenda—and your bottom line? Core renaissance gives you the tools to answer these questions and more.