Despite the acceleration of digital roadmaps and the continuing push to modernize, many CIOs still have old applications and infrastructure in their IT stacks.
Organizations have a few key reasons for holding onto legacy technologies: They’re stable, they’re inherently efficient, and they’re paid for, says Abhi Bhatnagar, a partner at management consulting firm McKinsey & Co. He worked with one company that had opted to retain a massive mainframe state, noting that “it’s well-run, highly homogenized, and a hugely customized, fully depreciated state.”
At the same time, CIOs may find that replacing some legacy technologies won’t yield high enough returns to make undertaking that modernization work a priority.
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Source: News