Many enterprises retain legacy applications on the slim chance that one of a few situations may arise in which they might be needed. Sure, it may seem comforting to keep them in the IT arsenal, but this often happens at the cost of infrastructure complexity, higher system maintenance costs and limited flexibility.

Luckily, there's a better way. By leveraging modern application portfolio management, businesses can not only identify redundancies and inefficiencies to cut costs and complexity, but are also provided with a dashboard view that easily identifies which high-cost applications can and should be replaced.