Addressing the Forces of Change
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Addressing the Forces of Change
We Are All Agents of Change!
…so why is change so difficult?
Our Discussion
Industry
Pressures
The IT Scorecard
Barriers to
Innovation
Introducing
Visual COBOL
The Road Ahead
– Smart Thinking
Current
Perspectives
FLAT US ECONOMIC GROWTH: 0.1% GDP
Current Perspectives
Flat US Economic
Growth: +0.1% GDP
Record US Debt: 16.6T
Job-less Recovery:
Unemployment at 7.6%
Downgraded S&P
Credit Rating: AA+
Sequestration:
85B in Budget Cuts
Current Perspectives
Flat US Economic
Growth: +0.1% GDP
Record US Debt: 16.6T
Job-less Recovery:
Unemployment at 7.6%
Downgraded S&P
Credit Rating: AA+
Sequestration:
85B in Budget Cuts
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 & SECURITY UNIT
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 & SECURITY UNIT
NEWS
EVEN HOSTESS FILES FOR BANKRUPTCY.ASSET ACQUIRED BY PRIVATE INVESTORS
Government Legislative Action
• Fiscal Cliff Negotiations
• Debt Ceiling Debate
• Higher Tax Rates
• New US Healthcare Law
• Sequestration
• State & Local Gov. budget cuts
• IRS
The IT Scorecard
2013 IT budgets to
increase spending by
only
1.4%
2013 IT spending facing
challenges Expected
2.09T global spend. US
to show 7.5% increase
Measured as a percentage of
revenues, financial services
firms spend more on IT than
any other industry. Ranging
from $270B to 460B
Financial services IT budgets
equal 7.3% of their
revenues, well above the
industry average of 3.7%
Scorecard Results
‘Keeping the Lights On’
70-80%of IT budget -
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
29%
Barriers to Innovation
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
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
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
Disruptive Forces
DIS
RU
PT
IVE
T
EC
HN
OL
OG
IES
Cloud
computing
Mobile
Social Media &
Collaboration
Analytics
& Big Data
Innovations to
Change the Face
of BusinessDigital 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
Disruptive Forces
DIS
RU
PT
IVE
T
EC
HN
OL
OG
IES
Cloud
computing
Mobile
Social Media &
Collaboration
Analytics
& Big Data
Innovations to
Change the Face
of BusinessDigital 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.
The Road Ahead
Forces of Change
REDUCTION OF BACKLOG / IT DEBT
DISRUPTIVE TECHNOLOGIES
Understanding Your Options
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:
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
Smart Thinking
REDUCTION OF BACKLOG / IT DEBT
DIS
RU
PT
IVE
T
EC
HN
OL
OG
IES
New Architecture
Mobile
Cloud
Development
Efficiency
Skills and
Organization
Introducing Visual COBOL
Scot NielsenProduct Manager
Embracing Innovation with Visual COBOL
REDUCTION OF BACKLOG / IT DEBT
DIS
RU
PT
IVE
T
EC
HN
OL
OG
IES
New Architecture
Mobile
Cloud
Development
Efficiency
Skills and
Organization
Embracing Innovation with Visual COBOL
Cloud
Mobile
New Architecture
Skills and
Organization
Development
Efficiency
Efficiencyhighly 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
Industry standard development tools
27
Skills & the OrganizationBridge 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
Cloud ComputingScalable, 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
Mobile ComputingEnhance 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
ArchitecturePortable, 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
Next Steps
Summary Points
• Addressing the Forces of Change
requires a different approach:
Innovative Thinking
• For the Enterprise application
developer, the solution is:
The Value Profile Day
• Understand your existing
application portfolio
• Identify suitable candidates
• Develop an application
roadmap
• A ‘Free of Charge’ Service
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