As the first major IT provider in Europe, Netcompany has launched a pioneering AI solution that could transform how critical IT systems are modernised across the public and private sectors. What used to take years can now be completed in months. The solution has already shown promising results in Denmark and is expected to cut 30 percent of IT-costs.
Europe faces a monumental challenge in modernising thousands of outdated, mission-critical IT systems. Across both the public and private sectors, these so-called legacy systems are often so complex and technically obsolete that replacing them has historically involved significant costs and high risk.
Continuing to rely on these outdated systems will significantly hinder innovation, efficiency, and security. Roughly 80% of IT budgets today are spent on just keeping these systems running – budgets that could instead fund better digital services, innovation, and security.
With Feniks AI, Netcompany introduces a solution that accelerates the entire legacy transformation process, from analysis, requirement gathering, development, and implementation — reducing timelines from years to months.
With AI at its core, the tool analyses and documents existing systems before generating the design and structure of a new solution. The process shortens what is typically a lengthy and complex transition from outdated systems to modern IT — enabling faster, more cost-effective transformation with no disruption to operations.
Feniks AI is estimated to be able to reduce time in total delivery by 30-60 percent in legacy transformation projects and an expected cut in overall IT-cost of 30 percent. It has already been used in three large-scale public sector transformations in Denmark, delivering promising results.
