SaaS App Migration
How can develop the perfect strategy for balancing migration to and between SAAS apps.
- What are the long-term benefits of transitioning to SaaS?
- How are financial institutions integrating SaaS strategies into their migrations?
- What should legacy banks be prioritising in their digital transformation journey?
In efforts to smooth the digital transition, business must understand the challenges and benefits tied to cloud and SaaS migration.
The positive outcomes to be gained from the transition include
- real-time responses
- operational efficiency
- mitigation of fraud risk, and up-to-date services that drive competition in the sector.
Challenges are control and cost of migration and lock-in with SaaS services.
Problem
More traditional legacy systems are finding it challenging to achieve seamless interoperability in their digital transformation journey, and are operating inefficiently as a result.
Strategy
To mitigate losses and ensure consumer protection, businesses need to undergo a shift to:
- maximise scalability
- leverage operational potential
- ensure rapid regulatory compliance
- make better judgements faster in evolving markets
Solution
There is no singular solution that can maintain a competitive advantage and explore strategic objectives. Therefore it is vital to be adaptive in migrating between SAAS solutions to drive digital innovation and bolster growth.
Migration
SaaS migration must take place in increments rather than dramatic lift-and-shift projects, as the transition can be monitored and assessed as it is ongoing, allowing space for feedback and tweaks as the broader migration strategy progresses.