The Infosys Infosys cobalt Modernization Radar 2022 report highlights the urgent need for organizations to modernize their legacy applications within the next five years. The report states that a significant portion of legacy systems is critical to business operations, and there is no one-size-fits-all approach to cloud migration. The report also reveals that the use of exponential technologies is driving modernization, and multiple talent pools can help reduce risks. The report suggests that modernization investments should be more strategic than discretionary, with big companies more likely to use strategic budgets. The report recommends a phased and coexistent approach to modernization to minimize disruption and highlights the importance of setting a clear vision and roadmap for results-oriented business outcomes. The report concludes that firms that modernize quickly will have a competitive advantage, while those that don't will be left behind.
