Legacy system modernization can be a major financial burden. In a recent press release, National Fuel Gas Distribution Corp., which services regions of New York state and Pennsylvania, announced an intention to increase rates, starting in April 2016.
While there are several reasons for this change, one of them is the company's desire to improve modernization efforts. This includes both the pipeline infrastructure itself and the customer information technology needed to facilitate business.
As this case shows, rapidly developing businesses can find themselves with heavy data management needs. The source said that the company intends to make more accurate information available to customers, as well as a "system modernization tracker" that would coincide with pipeline upgrades.
With costs posing a possible strain on consumers, there's a real ROI benefit to keeping operations efficient. Alan Balutis commented on the connection between a weak IT system in the United States and our overarching problems with infrastructure in a piece for MeriTalk.
He specifically referenced the growing vulnerability of key IT systems within the government: As technology exceeds its final support date, it is at risk of security gaps. The obsolete systems won't update with the latest patches, and they also may not interact with other systems on the same network as fluidly.
The need to work around these inefficiencies could, in the long run, prove just as costly for enterprises as the need for modernization. Balutis adds that the very way that the government handles IT infrastructure purchases demands greater attention, as this contributes to the problems in modernization. Preparing for the future requires long term thinking on this front, he wrote.
Beginning legacy modernization demands that companies realistically prepare for the costs. Inventu's Flynet Viewer allows administrators to plan for an effective modernization plan that is easy-to-implement and in line with budgetary demands.