Source URL: https://blog.axway.com/learning-center/managed-file-transfer-mft/legacy-mft-solutions-risk?utm_source=CSA&utm_medium=event&utm_campaign=mft_value_transfer&utm_content=idc
Source: CSA
Title: Do Aging MFT Solutions Put Your Business at Risk?
Feedly Summary:
AI Summary and Description: Yes
**Summary:**
The text discusses the pressing need for modernization in managed file transfer (MFT) solutions as organizations increasingly adopt data exchange technologies. It highlights concerns about aging MFT systems, particularly in enterprise settings, which can pose risks and hinder competitiveness. The importance of upgrading to modern solutions that leverage new capabilities and security measures is emphasized.
**Detailed Description:**
The article focuses on the crucial role of managed file transfer (MFT) solutions in today’s business landscape, especially in light of increasing demands for data exchange technologies. Key points include:
– **Growing Need for Data Exchange:** Organizations are adopting an ecosystem approach to experience management, driving demand for MFT solutions.
– **Aging Software Risks:** Many organizations are using MFT systems that have not undergone significant updates in years, potentially exposing them to risks and inefficiencies.
– **Statistic Highlight:** IDC’s recent survey indicates that 35.4% of all organizations using MFT tools have implemented those solutions five or more years ago.
– For enterprise businesses, this figure rises to 56.1%, underlining the prevalence of outdated systems.
– **Concerns with Current Solutions:** The survey also reveals that organizations have serious concerns about the functionality and security of their current MFT solutions:
– **Ease of Use**
– **Lack of New Capabilities**
– **Concerns Over Internal Expertise:** Mid-sized companies recognize they have limited internal resources to manage their aging MFT solutions effectively.
– **Implications for Business Operations:** The use of outdated MFT solutions can impede businesses from developing deeper ecosystem data exchanges, which are vital for leveraging AI and automation strategies.
– **Strategic Questions for Organizations:** The text proposes several critical questions that companies should consider regarding their MFT solutions:
– Is the solution functioning optimally?
– Is it secure against modern attack methods?
– Are organizations able to leverage new capabilities effectively?
– Could modernization create additional business value?
– Is the MFT ecosystem aligned with evolving business requirements?
In conclusion, the text argues for a significant renewal in the MFT market to meet contemporary business needs, driven by the increasing reliance on data exchange technologies in operational strategies. This insight is particularly relevant for security and compliance professionals who must ensure their organizations are protected from outdated systems that may expose them to vulnerabilities and compliance risks.