<s>
Application	B-Application
retirement	I-Application
,	O
also	O
called	O
application	B-Application
decommissioning	I-Application
and	O
application	B-Application
sunsetting	I-Application
,	O
is	O
the	O
practice	O
of	O
shutting	O
down	O
redundant	B-Application
or	O
obsolete	O
business	O
applications	O
while	O
retaining	O
access	O
to	O
the	O
historical	O
data	B-General_Concept
.	O
</s>
<s>
Legacy	B-Device
applications	I-Device
are	O
often	O
maintained	O
solely	O
to	O
provide	O
infrequent	O
or	O
sporadic	O
access	O
to	O
data	B-General_Concept
within	O
the	O
application	O
database	O
for	O
regulatory	O
or	O
business	O
purposes	O
.	O
</s>
<s>
With	O
some	O
organizations	O
spending	O
upwards	O
of	O
75%	O
of	O
their	O
application	B-Application
software	I-Application
budgets	O
on	O
ongoing	O
maintenance	B-General_Concept
,	O
application	B-Application
retirement	I-Application
can	O
deliver	O
significant	O
cost	O
savings	O
.	O
</s>
<s>
The	O
act	O
of	O
application	B-Application
retirement	I-Application
usually	O
involves	O
migrating	B-General_Concept
data	I-General_Concept
from	O
the	O
legacy	B-Device
application	I-Device
database	O
to	O
another	O
data	B-Application
repository	I-Application
or	O
archive	B-Application
store	O
that	O
can	O
be	O
accessed	O
independently	O
using	O
industry	O
standard	O
reporting	O
or	O
business	B-General_Concept
intelligence	I-General_Concept
tools	O
.	O
</s>
<s>
Application	B-Application
retirement	I-Application
allows	O
IT	B-General_Concept
departments	O
within	O
companies	O
to	O
reduce	O
the	O
software	O
,	O
hardware	O
and	O
resources	O
required	O
to	O
manage	O
legacy	O
data	B-General_Concept
.	O
</s>
