Enterprises have a rich legacy of IT assets built over a period of time. Furthermore there is a significant increase in the IT landscape complexity as a result of M&A or internal reorganizations. The end-result is a large portfolio of IT assets within the company making their management increasingly complex. Application Portfolio Rationalization (APR) as a concept has been around for a while. But, the recent drive towards digital first enterprise including adoption of cloud has put this on the forefront. Application portfolio rationalization evolved with the intent of streamlining the existing portfolio with a goal of improving efciency and lowering total cost of ownership. Other key outcomes include:
- Improve business agility and speed to market
- Modernization of legacy applications and addressing technical debt
- Driving standardization across the lines of business
- Retiring low value and redundant applications
