In today’s rapidly evolving world of technology, the need to modernize legacy software systems has never been more pressing. Organizations across different industries are struggling with challenges caused by outdated software. Legacy systems can often hinder innovation, reduce efficiency, and hide potential risks of failure. Modernization gives organizations the ability to prevent these difficulties and enhance organizational competitiveness, and adaptability in the ever-changing business environment. In the face of technological advancements and evolving market demands, organizations are continually pressured to modernize their processes, technologies, and infrastructures. Modernization decisions play a pivotal role in an organization’s ability to stay competitive, enhance operational efficiency, and meet customer expectations. However, the decision-making process in modernization efforts is intricate, involving technical, financial, organizational, and strategic considerations. Understanding and evaluating these factors is essential for organizations striving for successful modernization outcomes. Numerous studies have delved into individual aspects of modernization, such as technological adoption, financial implications, and organizational change management. However, there is a lack of comprehensive research that integrates these diverse factors into a unified framework. Existing literature offers valuable insights into specific elements of modernization but falls short in providing a holistic view that encapsulates the intricate interplay between technical, financial, organizational, and strategic factors in the decision-making process. The aim of this bachelor thesis is to identify quantifiable metrics and suitable evaluation methods for the key factors influencing modernization decisions within organizations.
Project information
Open
Bachelor
Alexandros Chatziliadis
2025-017