For many years, communication service providers have struggled to transform their IT architecture and landscapes that have grown over the last two decades. Most of them are facing the legacy challenges of monolithic BSS/OSS stacks compounded as the tech stacks differ for each line of business, as past acquisitions were never integrated.
Life science IT departments face increasing demands because of clinical trials’ growing complexities, including the proliferation of specialized applications, ballooning numbers of stakeholders, and data security and privacy considerations.
It’s the classic question: should IT spend its time maintaining legacy investments or addressing legacy system challenges and creating new projects?
In a recent survey, 90% of IT decision makers say legacy system challenges are holding their organizations back from using digital technologies to innovate or make improve IT efficiency, and over a third believe that legacy systems are a barrier to completing IT projects.
In 2016, the Government Accountability Office, a US government watchdog, published an account of the oldest government IT systems. The average age of those systems, which handle things like our nuclear forces, our weather satellites, and incidents involving hazardous materials, is 49.8 years. The oldest system, at 56 years old, is the Internal Revenue System that handles taxpayer data and handles refunds, which is “written in assembly language code — a low-level computer code that is difficult to write and maintain —
Organizations today face an increasing amount of roadblocks from legacy systems. From system outages to high support and maintenance costs, legacy systems prevent businesses from innovating at the necessary pace to keep up with competition, customer demands, and the desires of stakeholders like employees and partners.
Institutions in the federal government face these pressures as well, but they have even more difficult challenges than companies in the private sector.
MuleSoft is launching a three-part white paper series discussing these challenges and how financial institutions are overcoming them. At the core of each of these challenges is the need for a new level of connectivity.
MuleSoft provides the most widely used integration platform for connecting any application, data source or API, whether in the cloud or on-premises. With Anypoint Platform®, MuleSoft delivers a complete integration experience built on proven open source technology, eliminating the pain and cost of point-to-point integration. Anypoint Platform includes CloudHub™ iPaaS, Mule ESB™, and a unified solution for API management™, design and publishing.