Shrinking Talent Pool, Security Concerns, Automation and a Critical Inflection Point: Application Modernization Leader EvolveWare™ Releases 2022 Industry Predictions
SANTA CLARA, Calif., Nov. 18, 2021 (GLOBE NEWSWIRE) -- EvolveWare, a provider of the industry’s leading automation platform in the application modernization space, today unveiled its predictions for 2022. The company foresees a significant surge in application modernization initiatives due to a confluence of factors, including the rapidly shrinking talent pool of legacy programmers, demands for integration with vendor and customer systems, a push to lower effective costs by moving to the cloud and an overall increase in the successful completion of modernization projects.
“Organizations are beginning to achieve concrete successes in modernization initiatives, and the traction in digital transformation that we’ve seen over the past year is unmistakable,” said Miten Marfatia, founder and CEO of EvolveWare. “While this movement is partially on account of the increasingly urgent need to modernize, it can also be attributed to the powerful technologies, platforms and services available to guide these projects to completion. We believe next year will be a turning point in the application modernization industry.”
EvolveWare’s leading application modernization platform, Intellisys, is a comprehensive web-based machine learning platform that supports the maintenance and modernization of applications written in 20+ languages. Intellisys is the only platform that supports end-to-end automation of application modernization processes, including reverse-engineering (documentation), analysis, business rules extraction, code optimization and migration. To date, Intellisys has processed over 100 million lines of code.
EvolveWare’s revenue has grown in excess of 100% year over year since 2019, establishing ongoing partnerships with top global system integrators like Deloitte, KPMG and Wipro to provide its modernization platform and services across a wider range of organizations. This year, the company has also added the State of New York to its ever-expanding roster of government and enterprise customers. During this same period, EvolveWare also released several new features in the Intellisys platform, including the ability to represent legacy code in text understandable for analysis by non-technical users, a major enhancement to its ability to extract and transform business rules to modern platforms, and an upgrade of its transformer to generate code in an architecture that supports cloud deployment.
"One of the main tenets of any moderniation project is understanding all of the systems at play,'' said Art Schloth, VP of cSide Tech and Consultant to large government agencies involved in overseeing the extraction of business rules using EvolveWare’s Intellisys platform. "Modernizing hundreds of systems can be overwhelming, but with the automation capabilities of the Intellisys platform, business rules extraction (BRE) can be done without the fear of unknowingly leaving out a vital business rule or line of code. For large agency projects I've worked on, having a BRE tool like Intellisys is the key to modernization success."
In identifying the pain points that will drive modernization initiatives next year, the following are the key application modernization trends that EvolveWare executives, partners and advisors predict for 2022:
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