Technology Debt Score™
Categorize, Prioritize, Monetize. ™
What is Technology Debt and Why is it Important?
Technology debt is defined by Platform 3 Solutions as the current monetary and opportunity cost tied to existing technology that puts the business at risk or contributes to the operational complexities associated with outdated applications, subscriptions, maintenance, processes, and human capital required to sustain them.
Platform 3 assesses an organization’s technology debt to create an ROI cost savings model, then uses tools like Archon to efficiently migrate and archive data from legacy systems to new technologies. Our revolutionary tools and services create a streamlined application decommissioning process, saving companies time and money, and making Platform 3 Solutions a leader in technology debt reduction.
Phase One
Platform 3 Technology Debt Score™ and
Platform 3 ROI Assessment™
We use the Platform 3 Technology Debt Score™, a proprietary tool that monetizes all aspects of the debt and provide a “transformation investment” with a defendable ROI to fund innovation. This helps clients understand the risk vs. benefit and cost vs. savings of moving forward or doing nothing.
Phase Two
Platform 3 Roadmap to Action™
- Archive or Retain data/information for compliance and governance
- Migrate (data/information) to new platform or application
- Remove (retire, decommission, and deconstruct) technology applications and infrastructure to close the technology lifecycle loop
- Defensively Delete data/information that no longer has business value or poses potential risk
A cross-functional assessment process to Identify, Analyze, Categorize
and Prioritize key values to measure true technology debt.
We deliver significant savings.
We deliver significant savings to free up resources, allowing for investment in innovation and growth for the business as a whole. Our proprietary process assesses the true technology debt and delivers an ROI by removing expensive and complicated end-of-life technologies, simplifying business operations, and mitigating their risk profile.
We manage legal and compliance risk.
We manage legal and compliance risk by classifying your data to intelligently migrate only what is valuable, archive what is needed for retention, and defensibly delete what is not needed.
Global leader in end-to-end legacy application solutions.
Platform 3 Solutions is a global leader in end-to-end legacy application solutions. We offer a full suite of products, services, and support to ensure a seamless transition from legacy technology to new and innovative platforms.
Watch How Tech Debt is Minimized with Patient3Sixty
Client success stories
Medtronic implements internal application decommissioning to reduce its technology debt and costs from a recent merger and acquisition
Hundreds of redundant applications and systems costing millions
As Medtronic grew through acquisitions, so did its systems and applications, creating a need to implement a decommissioning factory to eliminate inactive or not-needed applications and systems. Medtronic wanted to clean up these ‘zombie systems’ while maintaining data and an applicable chain of custody.
Life sciences organization archives PeopleSoft systems to reduce operational spend by $5 million
Redundant systems and M&A increase costs
After a merger and acquisition, a large life sciences company prioritized cutting costs and transforming their business to deliver operational and cost savings within this new organization. They needed to figure out how to manage several redundant PeopleSoft systems