Upgrading legacy systems is an expensive and time-consuming endeavour that affects most of the Hungarian Financial Institutions. Advocate Business Consulting’s experts were leading many feasibility workshops in the past couple of months that helped CIOs initiate large-scale core system modernization projects and with the help of our experts those projects were carried out successfully by utilizing some already well-established core principles.
Modernizing monolithic core systems using microservices and APIs has become a popular strategy for organizations seeking to improve agility, scalability and innovation. The process involves breaking down large, monolithic applications into smaller, independent and loosely coupled services that can communicate via APIs. This approach allows organizations to incrementally update and modernize specific components without having to overhaul the entire system and perform a risky bing-bang type deployment.
Advocate Business Consulting experts identified three major obstacles and bottlenecks during the development projects involving monolithic core systems:
One of the most common solutions to these problems is a microservice-based architecture which couple with major organization changes could solve the identified problems:
In order to be able to transition from a monolithic mode of operation to distributed microservices-based architecture there are some steps and milestones that need to be reached. The first is a solid foundational design which lays out what should be modernized and how. Our experts proposed and designed a step-by-step approach: the key to successfully modernizing monolithic systems is to break them down incrementally, which minimizes risk and allows the organization to maintain operational continuity:
After identifying the first component to be decomposed, some foundational design principles must be utilizied not just during the design but throughout all phases of the software development lifecycle in order to achieve microservice-based architecture:
Modernizing monolithic systems with microservices and APIs allows for a more flexible, scalable, and maintainable architecture. However, it is crucial to take an incremental approach and foster a DevOps culture to achieve long-term success. With the help of Advicate Business Consulting’s experts, the Hungarian Financial Institutions were able to carefully plann and leverage microservices and APIs, and could successfully overcome the limitations of legacy monoliths and accelerate innovation.