Enhancing Business Value through Mainframe Modernization

I could say mainframe applications were built over decades to automate the execution of specific activities. This is now constraining financial services firms where imperatives such as improving customer intimacy, achieving straight-through processing (STP), and enabling multi-channel delivery are critical. Mainframe modernization enables companies to better leverage the underlying data and business rules to achieve these goals. Businesses benefit from this increased agility, enabling them to launch new products and services, achieve STP and improve overall access to information.

I think that the IT processes and technologies have evolved significantly to provide radical approaches to reduce the risk and cost of modernization. Mainframe modernization can now largely be a self-funded exercise by leveraging contemporary and cost-effective IT platform options and global sourcing models. On the technology front, the maturity of tools in the market has enabled companies to better understand and transform their legacy systems. This has lowered the risk of modernization initiatives.