Your Business News

A guide to IT modernization

April 15, 2024

Authored by RSM Canada LLP

Joel A. Humphrey, CPA, CA shared this article

GUIDE | April 15, 2024


Organizations today are increasingly recognizing the imperative need to modernize their IT capabilities to harness the transformative powers of cloud computing, predictive analytics and artificial intelligence (AI). Our latest best practices guide outlines the strategic approach needed to drive growth, efficiency and innovation through disciplined IT infrastructure modernization.

Key components of IT modernization

To succeed, IT modernization should proceed along a disciplined pathway to ensure you’ve covered every aspect of the process. A thorough examination of your current tech stack, resulting in a gap analysis, is the first step in pinpointing areas that require updating to support new digital technologies.

The infrastructure modernization process is highly complex, and it’s not typically one of an organization’s primary areas of expertise. It’s crucial, then, to choose a strategic advisor that has the experience to guide you through the process.

Before selecting a solution, there are multiple criteria you need to consider to build a foundation for future innovation and growth. These include:

  • Cost management. Consider the short-term costs against long-term savings. For example, transitioning to the cloud—a crucial first step in digital transformation—typically means substituting capital expenditure on infrastructure with an operational expense of a pay-as-you-go mode.
  • Scalability. Address the challenges of scaling your technology infrastructure to align with your business goals, such as leveraging cloud infrastructure as a service for immediate scalability.
  • Performance. Network performance is a crucial driver of quality user experiences. You should be prepared to accommodate the high bandwidth requirements of emerging technologies.
  • Security. Cybersecurity training for employees and the adoption of continuous system updates are vital due to evolving digital threats.
  • User and customer experience. Digital transformation aims to improve experience, thereby increasing productivity and customer loyalty through enhanced functionalities and automation.
  • Integration. Address the inefficiencies of on-prem solutions by integrating them with modern SaaS systems.

IT modernization isn’t an option but a necessity for organizations aiming to succeed in the digital era. Employing a disciplined strategy with a trusted advisor’s guidance will empower your organization to fully capitalize on the benefits of digital transformation, inspiring sustained growth and increasing competitiveness.

Understand what it takes to build the foundation your organization needs for sustainable growth and innovation. Download the best practices guide today.

Let's Talk!

Call us at 1 855 363 3526 or fill out the form below and we'll contact you to discuss your specific situation.

  • Topic Name:
  • Should be Empty:

Source: RSM Canada
Used with permission as a member of RSM Canada Alliance
https://rsmcanada.com/insights/services/digital-transformation/a-guide-to-it-modernization.html

RSM Canada Alliance provides its members with access to resources of RSM Canada Operations ULC, RSM Canada LLP and certain of their affiliates (“RSM Canada”). RSM Canada Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each are separate and independent from RSM Canada. RSM Canada LLP is the Canadian member firm of RSM International, a global network of independent audit, tax and consulting firms. Members of RSM Canada Alliance have access to RSM International resources through RSM Canada but are not member firms of RSM International. Visit rsmcanada.com/aboutus for more information regarding RSM Canada and RSM International. The RSM trademark is used under license by RSM Canada. RSM Canada Alliance products and services are proprietary to RSM Canada.

FCR a proud member of RSM Canada Alliance, a premier affiliation of independent accounting and consulting firms across North America. RSM Canada Alliance provides our firm with access to resources of RSM, the leading provider of audit, tax and consulting services focused on the middle market. RSM Canada LLP is a licensed CPA firm and the Canadian member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.

Our membership in RSM Canada Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources.

For more information on how FCR can assist you, please call us at 1 855 363 3526

Important Notice:

FCR will now redirect you to CCH Portal where your FCR Client Portal login is located.

Share This