##  Why is Obsolescence Risk Management Relevant?
Obsolete technology no longer maintained or supported carries the risk of breaches, increased downtimes, and system crashes. These issues can result in financial losses, damage to reputation, and regulatory consequences.
Effectively managing obsolescence risk ensures that you maintain visibility and awareness of the age, condition, and security vulnerabilities of the technologies within your portfolio. With clear insight, you can strategically mitigate risks in your portfolio by identifying which applications are at risk, which business capabilities are vulnerable, and what actions are needed. You can allocate budget and resources efficiently to address aging or vulnerable technologies before they become urgent issues for your organization.
The following typical business drivers can initiate an obsolescence risk management use case. These are not mutually exclusive, and the focus depends on the individual circumstances and strategy of an organization:
  * Gain transparency on obsolete technology
  * Assess exposure to revenue and customers by understanding the business impact of obsolescence risk
  * Minimize technology risk and debt by removing end-of-life and legacy technologies
  * Ensure business continuity and competitiveness by removing redundant and outdated IT components
  * Make informed application rationalization decisions by aggregating technology obsolescence risk to the application level
  * Free up the budget for innovation by allocating resources wisely and efficiently
  * Build a tech stack that remains relevant, effective, and functional over time
