United States

Assess the Business Impact of Technology Obsolescence

Oct 08, 2014
From the Advisory Institute

Many organizations are better at developing and acquiring applications than they are at retiring them. As a result, they end up managing a large, expensive to maintain portfolio of legacy applications.

Risks and costs tend to be higher when CIOs and IT management must deal with end-of-life cycle challenges such as interoperability and integration issues, limited functionality, lower-than-expected service levels, extended support contracts, increasingly expensive maintenance, and lack of skills and support from vendors.

Completing a risk assessment of critical applications allows companies to plan both short and long-term actions to understand and mitigate legitimate technology risks in the overall application portfolio.

Get insight in this article into:

  • the technology-risk life cycle
  • how to adopt a risk perspective on technology management
  • three steps to develop a unified view of technology risk.


Read the PDF: Assess the Business Impact of Technology Obsolescence