Mainframe modernization is talked about a lot but little understood. The financial services industry is by far the largest consumer of mainframe technology. Some estimates suggest about 40% of total consumption is driven by the financial services industry. While robust, fast, and reliable, mainframes slow down the digital transformation for organizations.
A talent shortage, lack of business agility, and high operational costs are some of the key challenges. Hence, almost every organization wants to move away from the mainframe and embrace new digital technologies such as the cloud, APIs, microservices, and distributed data engines. However, the journey of mainframe modernization is complex and fraught with risks.
