Magento announced that it is pulling the plug on Magento 1 in April 2017 at the ‘Meet Magento’ conference in Prague.
The announcement caused a frenzy amongst developers and business owners.
However, Magento later cancelled the End of Life and announced an 18-month notification policy for the EOL date.
Even though the End of Life has been delayed, it’s high time you start planning Migration to Magento 2. Magento’s team will provide support for Magento 1.13.x and 1.14.x Enterprise editions, but only till June 2020.
The support for Magento 1 community edition is no longer available.
End of support on Magento 1 means that there will be no further development. With no security patches, your business and data will be at risk. This would leave your website vulnerable to hackers.
Apart from security you might also face the following issues if you decide to delay the upgrade:
Magento has provided you with the timeframe to understand the database, compatibility, and integration needs for a smooth migration and upgrade.
As most of the current Magento websites are running on Magento 1, the users currently have two options:
Moving to Magento 2 will change your website’s game. It easily handles huge traffic and aids faster checkouts. As per previews, the stores in Magento 2 load 30–50% faster than Magento 1. Magento 2 solves the problem of slow page loading speeds and checkouts, resulting in lesser transaction failures and more business!
As Magento 2 is based on a different architecture, the migration will be a time-taking process. It is highly advised to get a team of Magento experts on board and get on with it.
Bottomline, GET IT DONE NOW! DO NOT PUT THE UPGRADE ON PENDING TASK LIST!
Migration to Magento 2 is a walk in the park if you have right development partners onboard.