In this session, we will explore the critical role of cloud-native modernization in unlocking innovation, improving ROI, and reducing TCO. We will discuss strategies to enhance developer efficiency, increase business agility, and expedite time to market. Attendees will learn about essential modernization entry points, application portfolio rationalization, and the incremental realization of modernization outcomes. The session will cover the strangler approach to modernizing application monoliths, reducing technical debt, and transforming enterprise operating models. Key facets of cloud modernization in a digital enterprise and its business benefits will be highlighted. Participants will leave with a comprehensive understanding of the importance of modernizing workloads, applications, and operating models, a reference approach to modernization, and essential resources and references.