Older platforms demand frequent maintenance, patches, and updates. Annual maintenance costs can climb by 15-20% as legacy systems age. Many businesses report spending 2-3 times more on IT support for outdated platforms compared to modern, cloud-based alternatives. Thus, US companies spend 85 billion US dollars annually on the maintenance of outdated technologies. [3]
#4 Scalability challenges
Growing businesses often find that outdated systems can’t handle increased traffic, transactions, or a growing catalog. During peak periods like Black Friday, 30% of businesses experience downtime hungary telegram screening due to scalability issues. For some, a single hour of downtime during a major sales event could mean losing tens of thousands – or even millions – in revenue. The 2,000 largest companies even incur costs of 400 billion US dollars annually due to downtime. [4]
#5 Security and compliance risks
Legacy platforms often lack the robust security needed to combat modern cyber threats. Non-compliance with regulations like GDPR or PCI DSS further compounds the risk. According to IBM’s 2024 report, the average cost of a data breach is $4.88 million, factoring in fines, legal fees, loss of customer trust, and recovery efforts.