Unlocking the IBM I Potential: Overcoming the Modernization Myths

May 22, 2023

Customers nowadays expect a seamless experience across all channels, and legacy systems can hinder your ability to meet those expectations. However, modernizing legacy systems is not just about keeping up with the times; it’s a strategic investment that can provide long-term benefits to your organization. So, if you are being held back by the myths surrounding modernization efforts, it’s time for you to dispel those myths and unlock the full potential of your IBM I software.

Let’s set the record straight: modernizing legacy systems is not an option; it’s a necessity. According to a study by Venture Beat, “79% of companies believe that legacy applications are hindering their organization’s digital transformation initiatives.”

Now, you must be thinking, “Modernization is too expensive and time-consuming!” Well, that’s another myth. With the right partner and the right approach, modernizing your IBM I systems can be both cost-effective and efficient.

Partner with a reliable and experienced modernization services provider who can guide you through the process and ensure a seamless transition. This blog will dive deeper into the world of modernizing legacy systems and debunk some of the most common myths related to IBM I modernization.

Debunking the Top 3 IBM I Modernization Myths

#Myth 1: IBM I is outdated and irrelevant

Contrary to this belief, IBM I is still very relevant and reliable today. In fact, IBM I has a robust architecture that can support applications and services when properly modernized. The platform’s deep integration capabilities allow for seamless integration with other systems and applications, making it an ideal choice for organizations seeking to streamline their IT operations.

IBM I has also evolved over time, incorporating modern technologies such as cloud integration and mobile access. With its range of security features, it remains a trusted platform for sensitive data and applications.

Don’t underestimate the power and potential of IBM I; it may be just what your business needs to stay ahead of the curve!

#Myth 2: Modernizing IBM I is too costly and Time-consuming

But is that really the case?

While it may seem like an arduous process, adopting an incremental and holistic approach to IBM I modernization can make it more manageable. By focusing on smaller, targeted improvements and leveraging the expertise of a trusted partner, businesses can minimize both costs and disruption to their IT operations. Embracing modern technologies like cloud integration can even save costs in the long run by increasing efficiency and reducing maintenance costs.

Don’t let the fear of cost and disruption hold you back from modernizing IBM I; a little planning and expert guidance can go a long way!

#Myth 3: IBM I Can’t Support Modern Technologies

IBM I is fully capable of supporting contemporary technologies like cloud computing, API integrations, and mobile applications. With the right modernization tools and strategies, businesses can extend the capabilities of their IBM I systems to meet the demands of today’s digital landscape. In fact, many companies have already successfully modernized their IBM I systems to improve productivity, increase agility, and reduce costs. By leveraging modernization techniques like refactoring, re-platforming, and re-architecting, businesses can unlock the full potential of their IBM I systems and support the latest technologies.

So, don’t allow this misconception to hinder your progress. IBM I can support modern technologies, and with the right approach, it can help your business thrive.

Embracing IBM I Modernization in the P&C Insurance Industry

For P&C insurance companies, embracing IBM I modernization can be a game-changer. By updating and optimizing the platform, insurers can take advantage of IBM I’s robust capabilities to support innovative applications, streamline workflows, and improve overall operational efficiency.

Modernizing IBM I can help P&C insurers to stay ahead of the competitive market, as they can respond faster to changing customer demands and market trends. This is especially crucial in the insurance industry, where customer expectations are constantly evolving, and insurers must adapt to remain relevant. By embracing IBM I modernization, P&C insurance companies can future-proof their operations and position themselves for long-term success.

IBM I modernization offers numerous benefits for the P&C insurance industry, and here are some key areas where it can make a significant difference:

• Enhanced Data Management: With the appropriate modernization strategies, insurers can optimize their IBM i databases to better manage and analyze their data. This can lead to improved risk assessments, pricing, and underwriting decisions, as insurers can access real-time data and make more informed decisions.
• Improved Customer Experience: Modernizing your IBM I software or IBM I operating system can help you create a more user-friendly and seamless experience for your policyholders, which is critical in today’s digital age. With upgraded systems, you can offer better customer support, faster response times, and more personalized experiences. According to a report by Salesforce, “nearly 90% of customers say the experience a company provides is just as important as its products or services.”
• Streamlined Compliance & Security: Security and compliance are essential in the insurance industry, and I modernization services can help you stay compliant with industry standards and regulations. Modernized systems offer improved security features, such as multi-factor authentication and the highest levels of data privacy and encryption, and can help you avoid costly penalties.
• Simplified Integration: Upgrading IBM I systems can help you bridge the integration gap between legacy systems and advanced systems. Imodernization services can help you integrate your IBM I systems with newer technologies like cloud platforms, APIs, and insurance mobile apps. This integration can help you unlock new business opportunities and improve collaboration across your organization.

To Wrap Up

It’s time for P&C insurance companies to dispel the modernization myths and leverage the platform’s robust capabilities. Considering upgrading your IBM I systems? Reach out to us today! Let our experts guide you through a hassle-free modernization process.