Section 1071: Preparing for the Expansion of Small Business Lending Data Collection and Reporting
by Russell Rollow On March 23, 2023, the Consumer Financial Protection Bureau (CFPB) issued its final rule for Section 1071 of the Dodd-Frank…
Optimizing Your Business Application Portfolio: In-Depth Exploration of Application Rationalization and Hybrid Multi-Cloud Adoption
BY Raj Jagtap and Prachi Sinha, FI CONSULTING
Application rationalization (app rationalization) is a framework for assessing and optimizing a portfolio of business applications. When implemented effectively it enables portfolio managers to accurately determine whether applications should be kept, replaced, retired, or consolidated in support of a larger business goal. For organizations planning a cloud migration, the framework might incorporate the Six Rs of rationalization (Rehost, Refactor, Rearchitect, Rebuild, Replace, and Retain) as a mechanism for categorizing applications. In the public sector, the CIO Council’s Application Rationalization Playbook demonstrates how agencies can adapt the framework to drive hybrid multi-cloud adoption to comply with the OMB’s federal Cloud Smart strategy. Not every organization will implement it in quite the same way, but an effective app rationalization framework nearly always paves the way for a more efficient and cost-effective IT environment.
Download FI Consulting’s White Paper on App Rationalization to better understand key business drivers and how our solution provides tangle benefits and value to our clients.
