Micro Focus releases Mainframe Solutions

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Micro Focus releases Mainframe Solutions 
According to the findings of "Mainframe Transformation: the Elephant in the Room", an independent global research study undertaken by Vanson Bourne   and commissioned by Micro Focus, Application Portfolio Management is strategic imperative and has a pivotal role to play in the current business setup.  However, 46% of IT decision makers have admitted they do not know the value of their IT debt, creating a hidden balance sheet liability for those organizations as well as a growing business risk. IT Debt is defined as the cost of clearing the backlog of maintenance to bring the corporate applications portfolio up to date.
Moreover, 590 CIOs and IT directors from around the globe estimated their IT debt at $10.9 million on average, with $8.5 million attributed to mainframe applications, and guessed their IT debt would grow on average by 9% over the next five years.  
Kevin Brearley, Director, Product Management, Micro Focus said, "It's time the industry addressed the mainframe 'elephant in the room'. Enormous business value is built into the mainframe environment but the applications it runs are way behind where the business needs them to be. Modernization projects take too long, and costly ongoing increases in capacity are required. This calls for an optimization strategy to simplify the application landscape and its delivery processes - taking advantage of much lower cost capacity that is readily available today in the form of Windows, Unix, Linux and the cloud."  

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