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IBM® * Site map Close IBM Search within IBVSubmit * My IBM * Login / Register * Site navigation Site navigation Close * IBM Institute for Business Value * OUR INSIGHTS * By technology Artificial Intelligence (AI) Automation and Robotics Blockchain Emerging technologies Generative AI Hybrid Cloud Internet of Things (IoT) Quantum computing By business function Strategy and Management, CEO Finance and Risk, CFO Marketing and Sales, CMO Operations and Supply chain, COO, CSCO Talent and Skills, CHRO Technology and Security, CIO Featured regions Canada China Germany India Japan Latin America Middle East and Africa Special interests Digital transformation Diversity and Inclusion Future Shocks Sustainability Technology and the Global economy By industry Aerospace and Defense Automotive Banking and Financial Markets Chemicals and Petroleum Consumer products Education Electronics Energy and Utilities Government Healthcare Industrial products Insurance Life sciences Media and Entertainment Retail Telecommunications Travel and Transportation IBV blog The IBM Institute for Business Value blog provides expert analysis on the latest research and trends at the intersection of business and technology. Visit the blog → Visit IBM Consulting home page → * By industry * Aerospace and Defense * Automotive * Banking and Financial Markets * Chemicals and Petroleum * Consumer products * Education * Electronics * Energy and Utilities * Government * Healthcare * Industrial products * Insurance * Life sciences * Media and Entertainment * Retail * Telecommunications * Travel and Transportation * By technology * Artificial Intelligence (AI) * Automation and Robotics * Blockchain * Emerging technologies * Generative AI * Hybrid Cloud * Internet of Things (IoT) * Quantum computing * By business function * Strategy and Management, CEO * Finance and Risk, CFO * Marketing and Sales, CMO * Operations and Supply chain, COO, CSCO * Talent and Skills, CHRO * Technology and Security, CIO * Featured regions * Canada * China * Germany * India * Japan * Latin America * Middle East and Africa * Special Interest * Digital transformation * Diversity and Inclusion * Future Shocks * Sustainability * Technology and the Global economy * C-SUITE STUDY * The Global C-suite Study Series The Global C-Suite Studies, developed by the IBM Institute for Business Value (IBV), take the pulse of business leaders to discover what outperformers do differently. Learn more Latest report CEO Decision-making in the age of AI Other reports by role CDO Turning data into value CSCO Data-led innovation for the modern supply chain CIO Breaking barriers, creating value CTO Redefining responsibility, accelerating discovery CFO CFOs as architects of action and champions of change * Global C-Suite Study * Latest report CEOCDOCSCOCIOCTOCFO * Generative AI * Seven Bets * Benchmarking * IBV blog * About the IBV * IBM Consulting home page * Subscribe * PRODUCTS & SOLUTIONS * The essentials * Top products & platforms * Industries * Artificial intelligence * Automation * Blockchain * Business operations * Cloud computing * Data & Analytics * IT infrastructure * Security * Supply chain * View all products * CONSULTING & SERVICES * IBM Consulting * Business consulting services * Design & business strategy * Hybrid multicloud services * Talent management services * Application services * IBM Garage * Security services * Technology Support Services * Payment plans for Services & Consulting * View all services * LEARN & SUPPORT * Support * Documentation * Developer education * Training * Resources * What is... * EXPLORE MORE * Partner with us * IBM Research * About IBM * COVID-19 IBM Institute for Business Value * Our insights * By technology Artificial Intelligence (AI) Automation and Robotics Blockchain Emerging technologies Generative AI Hybrid Cloud Internet of Things (IoT) Quantum computing By business function Strategy and Management, CEO Finance and Risk, CFO Marketing and Sales, CMO Operations and Supply chain, COO, CSCO Talent and Skills, CHRO Technology and Security, CIO Featured regions Canada China Germany India Japan Latin America Middle East and Africa Special interests Digital transformation Diversity and Inclusion Future Shocks Sustainability Technology and the Global economy By industry Aerospace and Defense Automotive Banking and Financial Markets Chemicals and Petroleum Consumer products Education Electronics Energy and Utilities Government Healthcare Industrial products Insurance Life sciences Media and Entertainment Retail Telecommunications Travel and Transportation IBV blog The IBM Institute for Business Value blog provides expert analysis on the latest research and trends at the intersection of business and technology. Visit the blog → Visit IBM Consulting home page → * By industry * Aerospace and Defense * Automotive * Banking and Financial Markets * Chemicals and Petroleum * Consumer products * Education * Electronics * Energy and Utilities * Government * Healthcare * Industrial products * Insurance * Life sciences * Media and Entertainment * Retail * Telecommunications * Travel and Transportation * By technology * Artificial Intelligence (AI) * Automation and Robotics * Blockchain * Emerging technologies * Generative AI * Hybrid Cloud * Internet of Things (IoT) * Quantum computing * By business function * Strategy and Management, CEO * Finance and Risk, CFO * Marketing and Sales, CMO * Operations and Supply chain, COO, CSCO * Talent and Skills, CHRO * Technology and Security, CIO * Featured regions * Canada * China * Germany * India * Japan * Latin America * Middle East and Africa * Special Interest * Digital transformation * Diversity and Inclusion * Future Shocks * Sustainability * Technology and the Global economy * C-suite Study * The Global C-suite Study Series The Global C-Suite Studies, developed by the IBM Institute for Business Value (IBV), take the pulse of business leaders to discover what outperformers do differently. Learn more Latest report CEO Decision-making in the age of AI Other reports by role CDO Turning data into value CSCO Data-led innovation for the modern supply chain CIO Breaking barriers, creating value CTO Redefining responsibility, accelerating discovery CFO CFOs as architects of action and champions of change * Global C-Suite Study * Latest report CEOCDOCSCOCIOCTOCFO * Generative AI * Seven Bets * Benchmarking * IBV blog * About the IBV * IBM Consulting home page * Subscribe Consulting buyers rank IBM IBV #1 in Source Global thought leadership survey. Read the LinkedIn post × HomeHybrid CloudModernizing applications on hybrid cloud HomeHybrid CloudModernizing applications on hybrid cloud MODERNIZING APPLICATIONS ON HYBRID CLOUD As cloud comes out of the hype cycle, application modernization is essential to accelerate digital transformation. Download the insightsSubscribe for more insights from IBM IBV Download the insights Subscribe for more insights from IBM IBV The technologies that will underpin the business models of tomorrow are coming of age today. AI is transforming how companies operate, as well as the experiences they can provide. The Internet of Things is delivering real-time insights that let massive enterprises pivot on a dime. And cloud computing is enabling cutting-edge innovations that are helping companies stay ahead of the curve. But organizations can’t make the most of these rapidly maturing technologies unless they establish the right IT foundation. And the reality is, many carry massive technical debt. They’re struggling to integrate next-gen tech into traditional systems that just can’t carry the load—or can’t support the experiences end users expect. > Application modernization isn’t just another IT buzzword. It’s a business > imperative. As enterprises evolve to navigate disruption and accelerate innovation, their technology architecture needs to mature, as well. Modernization, which involves updating traditional applications, software systems, and infrastructure to meet current tech standards, drives this evolution. OVERCOMING THE BARRIERS TO MODERNIZATION While application modernization may sound like an IT buzzword, it’s not just a technology priority. It’s a business imperative. It helps enterprises transform their products, services, and operations; build resilience; and respond faster to change while also generating revenue, boosting efficiency, and reducing costs across the entire company. However, many organizations are still at the start of their modernization journey. To better understand where companies are in this process—and what’s holding them back—the IBM Institute for Business Value (IBV), in collaboration with Oxford Economics, surveyed more than 400 top IT executives across industries in North America. Modernization is moving slowly: Few organizations have made enough progress to unleash its full potential. We found that most executives know where their modernization programs need to go and are charting a course to get there—but only a few have really put the wheels in motion. Only 27% say their organization has modernized many of the necessary workflows, including the related applications, data, and systems. Part of the problem is that leaders aren’t thinking holistically enough. They’re focused on operational objectives and incremental improvements, rather than the strategic outcomes that will allow them to thrive in the business landscape of tomorrow. What will help enterprises make meaningful progress? Answering this question starts with understanding the common set of obstacles they face. Overcoming financial, technical, cultural, and expertise obstacles can make application modernization easier—and propel them forward on their enterprise transformation journey. Download the report to learn how your organization can hurdle the barriers to modernization and make the most of cloud-enabled transformation. Download the insightsSubscribe for more insights from IBM IBV -------------------------------------------------------------------------------- Bookmark this report -------------------------------------------------------------------------------- Share -------------------------------------------------------------------------------- Additional content Report: Download "Modernizing applications on hybrid cloud" -------------------------------------------------------------------------------- Meet the authors Aparna Sharma Connect with author: -------------------------------------------------------------------------------- Connect on LinkedIn Send email , General Manager and Managing Partner, Hybrid Cloud Services, IBM Consulting Arnab Bag Connect with author: -------------------------------------------------------------------------------- Connect on LinkedIn Send email , Partner and Hybrid Cloud Transformation Services Leader, Americas, IBM Consulting Smitha Soman Connect with author: -------------------------------------------------------------------------------- Connect on LinkedIn Send email , Global Research Leader, Modernizing and Emerging Technologies, IBM Institute for Business Value -------------------------------------------------------------------------------- Download report translations Choose an option Open menu -------------------------------------------------------------------------------- Originally published 04 May 2023 You might also like Translations available MASTERING HYBRID CLOUD Hybrid cloud is a powerful strategy for business transformation. The time has come to move from adoption to mastery. THE CHAMPION APPROACH TO NEXT-LEVEL DIGITAL EXPERIENCES Explore how digital product mindsets, which focus on long-term value, can outperform project mindsets, which emphasizes short-term milestones. THE QUANTUM DECADE Quantum computing is fast approaching practical applications that exhibit Quantum Advantage. Leaders who do not adapt could be years behind. MAKE QUANTUM READINESS REAL Quantum-ready organizations are more likely to embrace ecosystems, accelerate innovation, and bridge talent gaps than other organizations. Translations available DATA STORY: THE POWER OF HYBRID CLOUD AND AI To accelerate generative AI, support sustainability, and upskill the workforce, enterprises need the transformational power of hybrid cloud. Translations available SEIZING THE AI AND AUTOMATION OPPORTUNITY: THE MOMENT IS NOW This report investigates the potential of generative AI and automation and explores the practices of generative AI leaders. Thanks for downloading the report. Want to get more from the IBV? Log in with IBMID Log in to save content and create a profile. Log in with IBMID Subscribe for more insights from IBM IBV To receive emails about our thought leadership, please enter your email address, then click "Subscribe". Email address Subscribe View the IBM Privacy Statement. You can opt out of these communications at any time via this Unsubscribe form, or via the footer of an IdeaWatch newsletter. Thanks for downloading the report. Want to get more from the IBV? Log in with IBMID Download IBV reports and the full set of related thought leadership content, including client presentations and social assets. Log in with IBMID Get IBV insights via email Subscribe to receive our latest thought leadership on a variety of business and technology topics. 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