What do bell bottoms and the mainframe computer all have in common? They both gained popularity over 50 years ago, but (hopefully) only one of them is still found in enterprises: the mainframe.
For many enterprises, the mainframe has been a solid performer—one that often still runs critical back-office accounting and ERP applications.
However, to keep up with the ever-increasing volumes of data, requirements for greater performance and scalability, and escalating customer demands—it has become essential to modernize legacy systems and applications like these. Modernization isn’t just for companies running systems from the 1960’s, but any company struggling to keep up with these requirements. It’s critical for being more competitive, accelerating innovation, and keeping costs down.
IT decision-makers agree. In the financial services sector alone, almost four-fifths of operations leaders at North American banks said they must update their technology to drive innovation—or risk extinction.
And as companies are trying to stabilize and adapt to changes resulting from the COVID-19 crisis, modernization has become an important part of increasing agility, reducing costs, and avoiding disruption.