If you want your business to succeed, you're better off constantly upgrading and improving your core business applications, instead of ripping and replacing.

This is according to a new report from Micro Focus, which states that businesses can benefit greatly from continuous improvement, particularly in terms of return of value, customer satisfaction, sustainable innovation and longer application lifespans.

Companies that replace a software application usually have a success rate of 26 percent, and a failure rate of 20 percent. Those that choose to upgrade their apps, meanwhile, usually have a 71 percent success rate, with a one percent likelihood of failure, the report states.

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