Established sectors of the economy are typically burdened with legacy and other non-aligned systems because they were the early adopters of information technology. During the emergence of the mainframe computer in the 1960s, the rise of the mini-computer during the 1970s, and of course the advent of PCs in the early 1980s, Financial Services, the Public Sector and Healthcare invested heavily in IT systems.
By virtue of these massive investments in intellectual property over the years, the applications naturally became "mission-critical", and remain so today. Hence the double-edged sword that faces CIOs and CEOs: the risk of replacement is high, but the risk of remaining at status quo, which is also a conscious decision, is higher, and increasing with time.
MAKE focuses primarily (but not exclusively) on these industries as the challenge of modernization is advancing rapidly on their collective agendas.
DID YOU KNOW?
More than 60 percent of all Web-access data
resides on a mainframe.
(The Robert Francis Group, Toward the Elastic Enterprise)
There are $2 trillion worth of mainframe applications that house approximately 70 percent
of all critical business logic and data.
(Aberdeen Group)
COBOL code running business applications will exceed 200 billion this decade.
(Forrester)
COBOL applications on mainframes process more than 83 percent of all transactions worldwide.
(The Robert Francis Group, Toward the Elastic Enterprise)
Ninety-five percent of all finance and insurance data is processed with COBOL.
Seventy-five percent of the world’s business data is in COBOL.
(Gartner)
Only 10 percent of enterprises have fully integrated their most mission-critical business processes.
(Hurwitz Group)
