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18 October 2016

Escaping legacy – removing a major roadblock to a digital future

Nearly half of all enterprise IT assets are in urgent need of modernisation. In the UK alone, this represents an estimated technology debt in the tens of billions of pounds, somewhat similar to our national pension deficit. That was the key finding of a senior executive survey of 40 leading financial, industrial, government and IT services organisations conducted by the University of Surrey in early 2016, which showed that 40-50% of IT is effectively out of date. Digital disruption is clearly visible in virtually every sector of the economy, accelerating at a pace not seen in any previous era of technology-induced change. Such disruption is largely associated with the explosion of mobile devices and real-time transactions – underpinned by cloud services – that traditional systems were not designed to accommodate. The advent of 5G mobile, the internet of things, data analytics and machine learning will further widen the performance gap. The survey shows that the challenge of modernising legacy systems is an issue for every sector...

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