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Change Happens - Be Ready!
Change is constant. Change is required by customers, driven by competitors and mandated by regulators. Unfortunately,
for the majority of companies around the world, their Information Technology cannot respond in a timely fashion and
at a reasonable cost.
For example, the average Fortune 100 company owns 35 million lines of code in legacy applications. Literally
generations of development teams have evolved these applications to support a whole array of business-critical processes.
This legacy is both one of IT's biggest assets and one of its greatest liabilities.
Under-performing legacy applications monopolize resources, with the average company spending 60-85% of its IT budget
maintaining legacy applications that fail to meet the ever-changing competitive needs of the business. Every CEO is
focussed on economic efficiency and wants to get the most business value possible from their existing IT investment in
infrastructure and applications.
Given a fixed IT budget and always changing business and IT environment, CIOs make pivotal trade-offs in determining
how much of their budget to allocate to maintenance versus development and innovation.
Companies need to, "...do a better job of flipping the ratio of IT spending from maintenance and infrastructure
to development by migrating away from systems and applications that are increasingly costly to maintain", reports
Tower Group.
Oracle offers a holistic approach where the business process requirements are core to the modernization of the
customer's infrastructure and applications software.
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