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Bend, don’t break with the winds of change
Much like our natural ecosystem, a business ecosystem synergizes and grows. Like a tree, new branches sprout from the core making the whole structure stronger and better able to stand tall against the winds of change.
A technology platform, for example, might represent one branch of the tree as it develops and manages systems, applications, and processes—all the while strengthening an enterprise’s technical capabilities. Similarly, innovation and upskilled employees could be other branches helping the tree grow stronger.
Think of the hybrid cloud as the fertilizer, sunshine, and water that allow the tree to prosper. Without it, businesses risk stunted growth and may even break rather than bend when faced with inevitable change.
With the technology landscape evolving constantly, technology’s ability to keep pace with change while being relevant, serviceable, customizable, and viable is being tested. It has now become essential for enterprises to holistically evaluate their technology strategy and harness the ecosystem. With the benefits that cloud brings, it’s no wonder then that today enterprises are adopting a cloud-first strategy leveraging combinations of cloud as the best-fit approach for agility, scalability, and innovation.
Coexistence is the name of the game
To power business growth, global enterprises are looking to tap dynamic technology ecosystems—interconnected, interdependent networks aimed at driving innovation, efficiency and sustainability.
Companies have invested in various new technologies and in creating a heterogeneous IT environment wherein legacy and next-gen technologies can coexist. Such an environment helps organizations protect their investment by allowing legacy IT modernization along with adoption and integration of next-gen technologies at the same time. For example, mainframe technologies play a critical role in industries like financial services, insurance, travel, and government agencies that rely heavily on them for processing high-volume transactions. Thus, coexistence of technologies in the company's IT ecosystem is not just inevitable but advantageous.
Combining the power of mainframe and cloud
Industries relying only on legacy technologies for high-speed and high-volume transactions usually face challenges like high ownership costs, unscalable architecture, and low automation potential. Mergers and acquisitions (M&A), which is one of the ways enterprises fuel their growth and expansion, can be particularly challenging as they often lead to heterogeneous technology ecosystems. However, in an integrated mainframe-cloud environment, enterprises can leverage the flexibility of the cloud to run business applications while optimizing cost and bank on the mainframe for its transactional and computational power.
Here are some examples that helps put things in perspective:
The banking, financial services, and insurance (BFSI) companies are one of the largest beneficiaries of the mainframe. Take the case of a leading Nordic-based insurance company or that of a top Finnish financial company. Building a future-ready digital core through IT modernization helped them increase their efficiency, embrace innovative business models, deliver best-in-class customer experience and gain a competitive edge.
For those looking to build a future-ready technology foundation while making the most of their existing IT, modernization of the IT environment through mainframe-cloud integration is the preferred solution. It enables them to reap the dual benefits of agility and resilience of cloud plus bulk transactional and computational power of the mainframe. In an ideal world, there would be a confluence of classic, contemporary, and futuristic technologies that can pave the path for sustainable growth.
Although leveraging disparate ecosystems is on the priority list for most enterprises, legacy modernization challenges during a tech refresh can be overwhelming. A technology partner with the required experience can help navigate the journey seamlessly.
Join the smart enterprises league using cloud agility to strengthen legacy infrastructure and develop agile, cost-effective solutions to meet evolving business needs.