I think the best idea is going to be getting rid of test cricket and only keeping the T-20 cricket format and reducing the One Day International cricket overs. It can be, 30– 40 or anything in between. I think that is the best approach for now.
For me, getting rid of the ODI format and keeping the T-20 and Test format does not make any sense at all.
But, no one going to skip these all as it needs for the business purpose with many franchise leagues will be in but most chances few will be recognized as top like we have in UEFA because commercialism is surely coming and life is going very fast but still can't do changes drastically.