The purpose of this paper is to project present trends in application development into the next decades. The revolution in information technology has reduced the cost of computer hardware as well as communications. Networks will consist of three kinds of specialized components: clients, servers, and processors. Standardization of component interfaces and message structures will replace the "one size fits all" Legacy system, reduce the need for human interaction to perform a task, and reduce the cost of modifications and enhancements. Inherited data structures in Legacy systems create obstacles to enhancement and new applications that require data not accommodated in the existing structure. What is required is an environment in which systems consisting of "Best-of-Breed" components, both hardware and software, can be assembled using off-the-shelf proprietary modules. To ensure the participation of all interested parties, including institutions and vendors, consortiums must assume part of the leadership in setting and achieving goals such as: atomizing application software, standardizing component interfaces, and developing rules for peer-to-peer applications messaging. Over time, a team of component products will replace their large, complex, centralized view of data processing being delivered in Legacy software. Those who seize the opportunity to advance messaging between peer components will be forging the next generation of administrative systems. (AEF)