Application modernization is no longer an option for businesses that aim to remain competitive in today’s rapidlyevolving digital landscape. Between the need for business agility and cost savings, many legacy applications willneed to embrace current technology standards. Modernization can involve strategies such as re-platforming, re-hosting, re-coding, re-architecting, re-engineering or replacing existing software to improve efficiency, reduceoperating costs and prepare the business for future growth. Modernization is about upgrading the technologystack, transforming the business model, and adapting to a changing market environment.