Agent of Change: COBOL Developer Day
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Transcript of Agent of Change: COBOL Developer Day
Addressing the Forces of Change
We Are All Agents of Change!
…so why is implementing change so difficult?
Current Perspectives
Slow US Economic Growth: +1.7% GDP
Record US Debt: 16.7T
Job-less Recovery: Unemployment at 7.6%
Downgraded S&P Credit Rating: AA+
Sequestration: 85B in Budget Cuts
Current Perspectives
Slow US Economic Growth: +1.7% GDP
Record US Debt: 16.7T
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 ITS IT MANAGEMENT WITHIN
ITS 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
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
PTIV
E TE
CH
NO
LOG
IES
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
Disruptive Forces
DIS
RU
PTIV
E TE
CH
NO
LOG
IES
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.
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
PTIV
E TE
CH
NO
LOG
IES
INNOVATION
New Architecture
Mobile
Cloud
Development Efficiency
Skills and Organization
Introducing Visual COBOL
Embracing Innovation with Visual COBOL
REDUCTION OF BACKLOG / IT DEBT
DIS
RU
PTIV
E TE
CH
NO
LOG
IES
INNOVATION
New Architecture
Mobile
Cloud
Development Efficiency
Skills and Organization
Embracing Innovation with Visual COBOL
Cloud
Mobile
New Architecture
Skills and Organization
Development Efficiency
INNOVATION
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
Your Next Step
Book a Value Profile Day!