2. Session Agenda
Industry
Pressures
The IT Scorecard
Barriers to
Innovation
Introducing
Visual COBOL
The Road Ahead
Current
Perspectives
FLAT US
ECONOMIC
GROWTH:
0.1% GDP
3. Current Perspectives
Flat US Economic
Growth: +0.1% GDP
Record US Debt: 16.6T
Job-less Recovery:
Unemployment at 7.9%
Downgraded S&P
Credit Rating: AA+
Sequestration:
85B in Budget Cuts
4. Current Perspectives
Flat US Economic
Growth: +0.1% GDP
Record US Debt: 16.6T
Job-less Recovery:
Unemployment at 7.9%
Downgraded S&P
Credit Rating: AA+
Sequestration:
85B in Budget Cuts
9. Industry Pressures
FINED $1.5B FOR
LIBOR RIGGING
NEWS NEWS
IS TO CUT 2,500
JOBS FROM ITS
FINANCIAL AND
RISK DIVISION
NEWS
IS TO CUT 4,000 JOBS IN
2013, SAVING $1B IN
COSTS
NEWS
ANNOUNCES IT WILL CUT
30% OF IT’S IT
MANAGEMENT WITHIN
IT’S DEFENCE SPACE
NEWS
EVEN HOSTESS
FILES FOR
BANKRUPTCY.
ASSET ACQUIRED
BY PRIVATE
INVESTORS
10. Government Legislative Action
• Fiscal Cliff Negotiations
• Debt Ceiling Debate
• Higher Tax Rates
• New US Healthcare Law
• Sequestration
• State & Local Gov. budget cuts
• IRS
13. Scorecard Results
2013 IT spending facing
challenges Expected 2.09T
global spend. US to show
7.5% increase
14. Scorecard Results
Measured as a percentage of
revenues, financial services
firms spend more on IT than
any other industry. Ranging
from $270B to 460B
16. Scorecard Results
Financial services IT budgets
equal 7.3% of their revenues,
well above the industry
average of 3.7%
Measured as a percentage of
revenues, financial services
firms spend more on IT than
any other industry. Ranging
from $270B to 460B
2013 IT spending facing
challenges Expected 2.09T
global spend. US to show
7.5% increase
2013 IT budgets to increase
spending by 1.4% to
$1.1 trillion
‘Keeping the Lights On’
70-80%
of IT budget
17. IT Perceptions
57%
Significant differences in perception between
IT and non-IT employees:
of IT leaders agreed
that their organization was
"distributed, agile, and flexible”
of business people
outside IT agree
27%
19. Barriers to Innovation:
IT Debt - -the backlog
46% did not know
the value of their
IT debt
44% have no structured
process for measuring
and managing IT Debt
45% without a process
are not planning to
implement one
57% say they have an
unclear picture of their
application portfolio
Source:
$1 trillionGlobal IT debt will rise to by 2015
20. Barriers to Innovation:
The Skills Challenge
Data gathered from a global survey of Academic leaders
1 in 4 Universities
surveyed teach
COBOL today
65%COBOL
is uncool
65% state that COBOL is considered (by
students) ‘uncool’ or is unheard of completely
5% of new graduates
have COBOL language
skills
10,000 US workers reaching retirement age
(65) every day - Occurring over next 19
years. Representing 26% of US workforce
21. Barriers to Innovation:
The Skills Challenge
Data gathered from a global survey of Academic leaders
5% of new graduates
have COBOL language
skills
10,000 US workers reaching retirement age
(65) every day - Occurring over next 19
years. Representing 26% of US workforce
1 in 4 Universities
surveyed teach
COBOL today
65%COBOL
is uncool
65% state that COBOL is considered (by
students) ‘uncool’ or is unheard of completely
Amid this, 70% of
all business Data
Processing is still
driven by COBOL
70
22. Barriers to Innovation:
Disruptive Forces
DISRUPTIVE
TECHNOLOGIES
Cloud
computing
Mobile
Social Media &
Collaboration
Analytics
& Big Data
Innovations to
Change the Face
of Business
Digital Disruption –
CIOs, are you
disruptive enough?
Gartner and Forrester agree
New Generation technology is taking up a lot of mindshare
new budget
new skills
new technology
new processes
Requiring
23. Barriers to Innovation:
Disruptive Forces
DISRUPTIVE
TECHNOLOGIES
Cloud
computing
Mobile
Social Media &
Collaboration
Analytics
& Big Data
Innovations to
Change the Face
of Business
Digital Disruption –
CIOs, are you
disruptive enough?
Gartner and Forrester agree
New Generation technology is taking up a lot of mindshare
new budget
new skills
new technology
new processes
Requiring
It’s Time to
Think Differently.
To Think Smarter.
25. Smart Thinking
REDUCTION OF
BACKLOG / IT DEBT
DISRUPTIVE
TECHNOLOGIES
New Architecture
Mobile
Cloud
Development
Efficiency
Skills and
Organization
26. IT Innovation – Smart Thinking
Modernization
: Clearing a
Pathway to
Success
53%
Success with
Application
Modernization
30%
Success with
replacing
application
with a COTS
package
4%
Success
when re-
writing
application
from
scratch
42%
Chance of
project failure
or excessive
delays
Package:
27. A Customer Perspective:
Application Modernization
Package
Rewrite
Modernize
COST
RISK
TIME TO
VALUE
COMPETITIVE
ADVANTAGE
(0 – 10)
Lowest cost
High risk
Medium risk
Low risk
2-3 years
3-5 years
4 months
4x cost
10x cost
1x cost
0/10 competitive advantage
6/10 competitive advantage
10/10 competitive
advantage
Lowest risk
Shortest time
Greatest
advantage
Package
Rewrite
Modernize
Package
Rewrite
Modernize
Package
Rewrite
Modernize
33. Efficiency
Highly effective development results with Visual COBOL
• Faster code compile, edit and debug process
• 30% improvement in developer productivity
• Greater development team collaboration
• Advanced COBOL development tooling – background
parsing, autocomplete, smart editing, etc.
• Unified development environment supporting efficient
cross-team development
• Developer collaboration across all languages
Benefits Capability
35. Skills & the Organization
Bridge the Skills Gap with Visual COBOL
• Address the skills challenge issue
• Attract a new talent pool
• Protect the value & importance of your core
apps
• Works with industry standard IDEs - Visual
Studio and Eclipse
• Consistent development experience for C/C++,
.NET, Java and COBOL developers
• Smart editing tools make cutting “new” COBOL
code easier to learn than ever
Benefits
Capability
36. Cloud Computing
Scalable, cost-effective application deployment to the Cloud
• Up to 70% reduction in IT costs
• Increased application reliability,
availability and serviceability
• Rapid service delivery
Benefits
Capability
• Deploy existing on-premise COBOL
applications into the Cloud
• Access data from SQL Azure, Amazon
S3 and other Cloud data storage
• Supports Amazon and Azure Cloud
models
37. Mobile Computing
Enhance the User Experience with Visual COBOL
• Build vibrant user interfaces. Deliver a
better user experience
• Respond to consumer service demands
• Get ahead of the competition.
• Access COBOL applications and data from
IPhone, Android, Windows 8, and
Blackberry devices
• Create Web 2.0 & HTML 5 applications
• Build SOA-enabled systems
Benefits
Capability
38. Architecture
Portable, agile, application deployment with Visual COBOL
• Reduce your Time to Delivery by up to
50%
• Flexible application deployment & greater
choice
• Build once. Deploy anywhere!
• Enterprise-wide portability of COBOL
business apps
• Application deployment across 50+
platforms including Windows, Unix, Linux,
z/Linux, .NET, and JVM.
• Integration with modern technologies such
as XML, SOA, Web Services, and
Relational Databases
Benefits
Capability