Micro Focus releases Mainframe Solutions
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE 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, Micr...