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Digitization and automation have engulfed every scope and sphere of life. Internet of Things (IoT) has been the main enabler of the revolution. Blockchain is a distributed ledger technology that has immense benefits such as enhanced security and traceability. Thus, blockchain can serve as a good foundation for applications based on transaction and interactions. IoT implementations and applications are by definition distributed. This means blockchain can help to solve most of the security vulnerabilities and traceability concerns of IoTs by using blockchain as a ledger that can keep track of how devices interact, in which state they are and how they transact with other IoT devices. IoT applications have been mainly implemented with technologies such as cloud and fog computing, and AI to help address some of its key challenges.
OUR ENTERPRISE SOLUTION SUITE.
changing the
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Informed business decisions fuel innovative enterprises. Organizations succeed when they make well informed, integrated business decisions across the organizational landscape. Understanding the corporates technology portfolio is more important than ever. Operating an agile application portfolio enables a rapid response to business, technology, and market changes.
For Systems Rationalization to be successful, we must make sure to align business with IT.
Why does my company need Application Rationalization?
Around 70% of organizations do not have referenceable documentation on the current version of their application portfolio. The negative results that stem from this lack of documentation can cost a lot of money. Infosys, a global leader in technology services and consulting reports that Application Rationalization can lead to the cost-saving of more than US $2 million in an enterprise. Currently, 75-80% of IT budgets are spent on operating and managing applications.
1. Strategic planning
Every application being used at an organization requires some amount of support from vendors or in-house staff. This support costs money. If there are fewer applications to support, there will be less money spent on maintaining these apps. Application Rationalization improves the overall effectiveness of IT by simplifying the application landscape so that organizations are not running redundant applications, overspending on license costs, and investing in unnecessary programs.
2. 360 solutions
Every application being used at an organization requires some amount of support from vendors or in-house staff. This support costs money. If there are fewer applications to support, there will be less money spent on maintaining these apps. Application Rationalization improves the overall effectiveness of IT by simplifying the application landscape so that organizations are not running redundant applications, overspending on license costs, and investing in unnecessary programs.
3 . clear vision creation Reduce complexity
Based on industry reports that by the end of 2020, the average enterprise organization was using more than 1,600 cloud apps, up from 841 earlier in the year 2016. Noted in the report: “However, most CIOs think their organizations only use around 30 or 40 cloud apps.” Running an excessive amount of applications can lead to an overly complex landscape, which in turn makes innovation inconceivable
4. Eliminate redundancy
Once an Application Rationalization project is completed, it will be easy to identify applications that perform similar functions. Consolidating look-alike applications reduces IT spend.
5. Minimize unnecessary IT spend
After performing Application Rationalization, it is not uncommon to uncover substantial savings. This money can be used to reinvest in innovative endeavors such as IoT, artificial intelligence, and machine learning.
6 .Sustainable growth
Application Rationalization decreases complexity and lowers IT spend. Numerous studies show that eliminating inefficiencies in the IT landscape can uncover hundreds of millions of dollars in savings.
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About Rational
The Internet of Things (IoT). AI. Blockchain. Machine learning. Chatbots. Alone, these technologies can change the way you do business. When used together, they become truly transformational—opening up new business models, improving engagement, or revolutionizing an industry.
Forward-looking organizations are using transformational technologies to rethink the way they do business. Rational makes it easy to put these technologies to work, by offering ready-to-use, modern SaaS applications that embed IoT, machine learning, AI, and blockchain into your fundamental business processes.
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