Yes, we can. A lot of companies that do product development and are good at it also think they are good at application modernization, while companies that have done application modernization say they never want to go through that painstaking process ever again.
I just finished reading a white paper from a highly-respected technology company about their definition of application modernization. Their definition of application modernization is "repackaging" legacy applications for "more agility" including some "cloud native" features.
Recently one of our account executives asked me an interesting question. He had been contacted by an ISV who was slogging through a rewrite of a very large (millions of lines of code) VB6 app to .NET. And like many if not most companies who attempt rewrites of very large applications, at some point the pain, cost, time, and risk began to be largely untenable and they began investigating tools to address the problem.
We recently updated our WebMAP architecture posts to reflect the significant improvements that WebMAP5 makes in generated app code (compared to previous versions). If you haven't seen them, this is a good time to check out the details here, here, and here.